Newell Brands (NASDAQ:NWL) Sets New 12-Month High – Should You Buy?

Newell Brands Inc. (NASDAQ:NWL) hit a new 52-week high on Monday . The stock traded as high as $9.72 and last traded at $9.63, with a volume of 1683259 shares changing hands. The stock had previously closed at $9.12.

Analysts Set New Price Targets

Several brokerages have recently commented on NWL. Wells Fargo & Company boosted their target price on shares of Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. cut their target price on Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft lifted their price target on Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Citigroup downgraded Newell Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. Finally, Barclays upgraded Newell Brands from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $8.00 to $10.00 in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.10.

Newell Brands Price Performance

The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. The firm’s 50-day simple moving average is $8.10 and its 200-day simple moving average is $7.54.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Equities research analysts predict that Newell Brands Inc. will post 0.66 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently disclosed 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. This represents a $0.28 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Friday, November 29th. Newell Brands’s dividend payout ratio (DPR) is -46.67%.

Insider Activity

In other news, insider Bradford R. Turner sold 20,000 shares of the business’s stock in a transaction that occurred on 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. The trade was a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.61% of the company’s stock.

Institutional Trading of Newell Brands

A number of large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its holdings in Newell Brands by 5,324.8% in the 3rd quarter. Victory Capital Management Inc. now owns 4,724,266 shares of the company’s stock worth $36,282,000 after acquiring an additional 4,637,180 shares in the last quarter. Dimensional Fund Advisors LP raised 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 purchasing an additional 2,668,384 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Newell Brands by 18.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company’s stock valued at $127,629,000 after buying an additional 2,634,114 shares in the last quarter. Primecap Management Co. CA boosted its holdings in Newell Brands by 17.7% in the 2nd quarter. Primecap Management Co. CA now owns 14,049,064 shares of the company’s stock worth $90,054,000 after buying an additional 2,109,892 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Newell Brands by 106.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,546,418 shares of the company’s stock worth $16,042,000 after buying an additional 1,314,514 shares during the period. 92.50% of the stock is currently owned by institutional investors.

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.