Royal Bank of Canada reaffirmed their hold rating on shares of Newell Brands (NYSE:NWL) in a report published on Monday, AnalystRatings.com reports. They currently have a $16.00 target price on the stock.
A number of other research firms have also weighed in on NWL. Morgan Stanley lowered their price target on shares of Newell Brands from $20.00 to $13.00 and set an equal weight rating on the stock in a research report on Monday. Zacks Investment Research raised shares of Newell Brands from a sell rating to a hold rating and set a $21.00 target price on the stock in a research note on Friday, January 17th. Finally, Citigroup reduced their target price on shares of Newell Brands from $24.00 to $15.00 and set a buy rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Newell Brands has an average rating of Hold and an average target price of $17.67.
NWL opened at $14.11 on Monday. The firm has a market capitalization of $4.84 billion, a PE ratio of 5.13, a PEG ratio of 3.82 and a beta of 0.90. Newell Brands has a twelve month low of $10.44 and a twelve month high of $20.99. The firm’s 50-day moving average price is $16.00 and its 200 day moving average price is $18.40. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54.
Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.58 billion. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. Newell Brands’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. As a group, analysts predict that Newell Brands will post 1.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 28th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date was Thursday, February 27th. Newell Brands’s dividend payout ratio (DPR) is presently 33.45%.
In related news, CAO Robert Andrew Schmidt purchased 2,500 shares of Newell Brands stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average cost of $15.07 per share, with a total value of $37,675.00. Following the purchase, the chief accounting officer now owns 2,500 shares of the company’s stock, valued at $37,675. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Carl C. Icahn purchased 927,663 shares of Newell Brands stock in a transaction dated Monday, March 9th. The stock was bought at an average cost of $13.15 per share, for a total transaction of $12,198,768.45. The disclosure for this purchase can be found here. Insiders have acquired 2,347,069 shares of company stock worth $31,349,374 over the last ninety days. 0.97% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Pzena Investment Management LLC raised its stake in shares of Newell Brands by 0.6% in the 4th quarter. Pzena Investment Management LLC now owns 25,315,254 shares of the company’s stock valued at $486,559,000 after acquiring an additional 144,423 shares during the period. State Street Corp raised its stake in shares of Newell Brands by 0.3% in the 3rd quarter. State Street Corp now owns 18,978,411 shares of the company’s stock valued at $355,276,000 after acquiring an additional 66,132 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Newell Brands by 6.1% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,396,364 shares of the company’s stock valued at $161,378,000 after acquiring an additional 480,123 shares during the period. Geode Capital Management LLC raised its stake in shares of Newell Brands by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 6,541,022 shares of the company’s stock valued at $125,478,000 after acquiring an additional 239,021 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Newell Brands by 4.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,618,168 shares of the company’s stock valued at $107,982,000 after acquiring an additional 247,208 shares during the period. 98.42% of the stock is currently owned by institutional investors and hedge funds.
Newell Brands Company Profile
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
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