Newell Brands (NASDAQ:NWL) Shares Down 4%

Newell Brands Inc. (NASDAQ:NWL) dropped 4% during mid-day trading on Monday . The company traded as low as $8.54 and last traded at $8.55. Approximately 465,683 shares changed hands during trading, a decline of 90% from the average daily volume of 4,849,755 shares. The stock had previously closed at $8.91.

Analysts Set New Price Targets

NWL has been the topic of a number of research reports. Barclays upgraded shares of Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 price target on the stock in a research note on Tuesday, May 14th. Canaccord Genuity Group increased their target price on Newell Brands from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Monday. Citigroup reduced their price target on Newell Brands from $8.00 to $6.25 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft increased their price objective on Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Wells Fargo & Company boosted their target price on shares of Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $8.82.

Newell Brands Stock Performance

The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.51 and a current ratio of 0.98. The company’s 50 day moving average is $6.93 and its 200-day moving average is $7.47.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.15. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. The business’s revenue was down 7.8% on a year-over-year basis. Equities research analysts predict that Newell Brands Inc. will post 0.64 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Friday, May 31st. Newell Brands’s dividend payout ratio is currently -38.89%.

Institutional Trading of Newell Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of NWL. Vanguard Group Inc. lifted its stake in shares of Newell Brands by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 44,892,843 shares of the company’s stock valued at $389,670,000 after buying an additional 739,295 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Newell Brands by 5.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 13,747,330 shares of the company’s stock worth $119,327,000 after acquiring an additional 660,347 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Newell Brands by 5.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,623,470 shares of the company’s stock worth $74,855,000 after acquiring an additional 434,762 shares during the last quarter. Primecap Management Co. CA lifted its position in Newell Brands by 35.1% in the 4th quarter. Primecap Management Co. CA now owns 8,511,972 shares of the company’s stock valued at $73,884,000 after acquiring an additional 2,209,672 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Newell Brands by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,211,350 shares of the company’s stock valued at $36,555,000 after purchasing an additional 151,772 shares during the last quarter. Institutional investors own 92.50% of the company’s stock.

Newell Brands Company Profile

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.