Newell Brands (NASDAQ:NWL) Trading Up 5.8%

Newell Brands Inc. (NASDAQ:NWL) traded up 5.8% during mid-day trading on Wednesday . The stock traded as high as $7.65 and last traded at $7.64. 2,500,124 shares traded hands during trading, a decline of 50% from the average session volume of 4,966,868 shares. The stock had previously closed at $7.22.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NWL. Deutsche Bank Aktiengesellschaft upped their target price on Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a report on Monday, July 29th. Wells Fargo & Company upped 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 note on Monday, July 29th. JPMorgan Chase & Co. dropped their target price on shares of Newell Brands from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Barclays upgraded Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 target price on the stock in a report on Tuesday, May 14th. Finally, Truist Financial boosted their target price on shares of Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company 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 firm has a market capitalization of $3.16 billion, a PE ratio of -10.56, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91. The firm’s 50 day moving average price is $7.04 and its 200-day moving average price is $7.35.

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, beating the consensus estimate of $0.21 by $0.15. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.05 billion. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. Newell Brands’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. On average, research analysts expect that Newell Brands Inc. will post 0.65 EPS for the current year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Friday, August 30th. Newell Brands’s payout ratio is -38.89%.

Institutional Trading of Newell Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NWL. Vanguard Group Inc. raised its position in shares of Newell Brands by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 44,892,843 shares of the company’s stock valued at $389,670,000 after acquiring an additional 739,295 shares in the last quarter. Primecap Management Co. CA increased its position in Newell Brands by 17.7% during the second quarter. Primecap Management Co. CA now owns 14,049,064 shares of the company’s stock worth $90,054,000 after acquiring an additional 2,109,892 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Newell Brands by 5.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 13,747,330 shares of the company’s stock valued at $119,327,000 after buying an additional 660,347 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Newell Brands by 29.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock worth $75,753,000 after acquiring an additional 2,668,384 shares during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its position in Newell Brands by 1.4% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 10,227,445 shares of the company’s stock worth $65,558,000 after acquiring an additional 137,441 shares during the last quarter. Hedge funds and other 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.