Newell Brands (NASDAQ:NWL) Shares Up 7.6% – What’s Next?

Newell Brands Inc. (NASDAQ:NWL) shares traded up 7.6% during mid-day trading on Monday . The stock traded as high as $5.09 and last traded at $5.08. 1,598,332 shares changed hands during trading, a decline of 76% from the average session volume of 6,585,355 shares. The stock had previously closed at $4.72.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on Newell Brands from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. JPMorgan Chase & Co. dropped their price target on shares of Newell Brands from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Canaccord Genuity Group reduced their price objective on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Royal Bank of Canada lowered their target price on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, February 10th. Finally, Citigroup cut their target price on shares of Newell Brands from $7.75 to $4.75 and set a “neutral” rating for the company in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.81.

Newell Brands Stock Performance

The firm’s fifty day moving average price is $6.26 and its 200-day moving average price is $8.28. The company has a market cap of $1.98 billion, a P/E ratio of -9.10, a P/E/G ratio of 0.95 and a beta of 0.84. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same quarter last year, the business earned $0.22 EPS. As a group, research analysts forecast that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a yield of 5.92%. Newell Brands’s payout ratio is currently -53.85%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NWL. Castlekeep Investment Advisors LLC bought a new stake in shares of Newell Brands in the 4th quarter valued at approximately $33,000. Farther Finance Advisors LLC grew its position in Newell Brands by 212.6% in the first quarter. Farther Finance Advisors LLC now owns 6,130 shares of the company’s stock valued at $38,000 after acquiring an additional 4,169 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Newell Brands during the fourth quarter worth $46,000. NBC Securities Inc. raised its stake in Newell Brands by 146,542.9% during the first quarter. NBC Securities Inc. now owns 10,265 shares of the company’s stock worth $63,000 after acquiring an additional 10,258 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Newell Brands by 140.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,912 shares of the company’s stock valued at $79,000 after acquiring an additional 4,617 shares during the period. 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.