Newell Brands (NASDAQ:NWL) Stock Price Up 4.3%

Newell Brands Inc. (NASDAQ:NWL) traded up 4.3% during mid-day trading on Wednesday . The stock traded as high as $7.73 and last traded at $7.72. 554,061 shares were traded during trading, a decline of 90% from the average session volume of 5,433,729 shares. The stock had previously closed at $7.40.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Royal Bank of Canada cut their target price on Newell Brands from $9.00 to $7.50 and set a “sector perform” rating on the stock in a research note on Monday, February 12th. Barclays lifted their price objective on shares of Newell Brands from $5.00 to $6.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 16th. Morgan Stanley reduced their target price on shares of Newell Brands from $8.50 to $7.75 and set an “equal weight” rating for the company in a report on Monday, February 12th. Citigroup dropped their price target on Newell Brands from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Monday, February 12th. Finally, StockNews.com upgraded Newell Brands from a “sell” rating to a “hold” rating in a report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Newell Brands presently has a consensus rating of “Hold” and a consensus price target of $9.13.

Newell Brands Stock Up 2.0 %

The company has a quick ratio of 0.63, a current ratio of 1.16 and a debt-to-equity ratio of 1.47. The business’s 50-day moving average price is $7.83 and its 200-day moving average price is $7.95.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, February 9th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.17 by $0.05. Newell Brands had a negative net margin of 4.77% and a positive return on equity of 10.24%. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the company posted $0.16 EPS. Newell Brands’s revenue was down 8.1% on a year-over-year basis. Sell-side analysts predict that Newell Brands Inc. will post 0.57 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.07 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.28 dividend on an annualized basis and a yield of 3.49%. Newell Brands’s dividend payout ratio is currently -29.47%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NWL. Campbell & CO Investment Adviser LLC lifted its holdings in Newell Brands by 20.9% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 55,998 shares of the company’s stock worth $506,000 after purchasing an additional 9,662 shares during the last quarter. Public Sector Pension Investment Board raised its position in shares of Newell Brands by 1,213.6% in the third quarter. Public Sector Pension Investment Board now owns 470,989 shares of the company’s stock valued at $4,253,000 after purchasing an additional 435,133 shares during the period. FMR LLC lifted its stake in shares of Newell Brands by 481.6% in the third quarter. FMR LLC now owns 5,406,274 shares of the company’s stock worth $48,819,000 after buying an additional 4,476,644 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Newell Brands by 20.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,059,578 shares of the company’s stock worth $36,658,000 after buying an additional 679,318 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Newell Brands by 368.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,026,362 shares of the company’s stock valued at $18,298,000 after buying an additional 1,593,661 shares during the last quarter. Institutional investors own 92.50% of the company’s stock.

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.