Newell Brands (NASDAQ:NWL) Rating Increased to Overweight at Barclays

Barclays upgraded shares of Newell Brands (NASDAQ:NWL) from an equal weight rating to an overweight rating in a research note released on Wednesday, Marketbeat Ratings reports. The brokerage currently has $10.00 price target on the stock, up from their previous price target of $8.00.

NWL has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Canaccord Genuity Group boosted their price objective on shares of Newell Brands from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. lowered their price objective on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. 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 research report on Monday, October 28th. Finally, Royal Bank of Canada raised their price target on shares of Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.10.

Newell Brands Trading Up 0.2 %

Shares of NWL opened at $8.84 on Wednesday. Newell Brands has a 1-year low of $5.39 and a 1-year high of $9.68. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. The business’s 50-day moving average price is $8.05 and its 200 day moving average price is $7.53.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, October 25th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. Newell Brands’s revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share. On average, analysts expect that Newell Brands will post 0.66 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.17%. Newell Brands’s dividend payout ratio (DPR) is currently -46.67%.

Insider Buying and Selling at Newell Brands

In related news, insider Bradford R. Turner sold 20,000 shares of the firm’s 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 directly owns 230,254 shares of the company’s stock, valued at $2,063,075.84. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On Newell Brands

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rothschild Investment LLC bought a new stake in shares of Newell Brands in the 2nd quarter valued at about $26,000. Gradient Investments LLC bought a new position in Newell Brands during the 2nd quarter valued at $46,000. Quarry LP boosted its holdings in Newell Brands by 104.4% during the 2nd quarter. Quarry LP now owns 7,941 shares of the company’s stock worth $51,000 after acquiring an additional 4,056 shares during the last quarter. Innealta Capital LLC purchased a new position in Newell Brands during the second quarter worth about $58,000. Finally, Venturi Wealth Management LLC bought a new position in shares of Newell Brands in the third quarter valued at approximately $70,000. 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.