Bradford R. Turner Sells 20,000 Shares of Newell Brands Inc. (NASDAQ:NWL) Stock

Newell Brands Inc. (NASDAQ:NWL) insider Bradford R. Turner sold 20,000 shares of Newell Brands stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total value of $179,200.00. Following the sale, the insider now owns 230,254 shares in the company, valued at $2,063,075.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Newell Brands Stock Performance

Shares of NWL opened at $9.22 on Friday. Newell Brands Inc. has a twelve month low of $5.39 and a twelve month high of $9.68. The stock’s 50 day moving average is $7.74 and its two-hundred day moving average is $7.43. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the firm earned $0.39 EPS. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, equities analysts expect that Newell Brands Inc. will post 0.65 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.07 per share. The ex-dividend date was Friday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.04%. Newell Brands’s payout ratio is -46.67%.

Institutional Investors Weigh In On Newell Brands

Hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC lifted its position in shares of Newell Brands by 15.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 77,221 shares of the company’s stock valued at $620,000 after acquiring an additional 10,240 shares during the period. M&G Plc acquired a new stake in shares of Newell Brands during the 1st quarter valued at approximately $9,992,000. Texas Permanent School Fund Corp lifted its position in shares of Newell Brands by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 332,914 shares of the company’s stock valued at $2,673,000 after acquiring an additional 4,291 shares during the period. Empowered Funds LLC acquired a new stake in shares of Newell Brands during the 1st quarter valued at approximately $80,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Newell Brands by 29.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock valued at $75,753,000 after acquiring an additional 2,668,384 shares during the period. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NWL has been the topic of a number of research analyst reports. Truist Financial lifted their target price on Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Citigroup lowered Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Royal Bank of Canada raised their price target on Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Wells Fargo & Company raised their price target on Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $8.90.

About Newell Brands

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.