Brokerages Set Newell Brands Inc. (NASDAQ:NWL) Target Price at $5.86

Shares of Newell Brands Inc. (NASDAQ:NWL) have been given an average recommendation of “Hold” by the ten analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $5.8611.

A number of research firms recently weighed in on NWL. Canaccord Genuity Group cut their target price on shares of Newell Brands from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Newell Brands in a report on Wednesday, November 19th. Royal Bank Of Canada reduced their price objective on shares of Newell Brands from $8.00 to $4.50 and set a “sector perform” rating on the stock in a report on Monday, November 3rd. Citigroup decreased their price objective on shares of Newell Brands from $5.50 to $3.50 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Finally, Morgan Stanley reiterated a “hold” rating and set a $4.25 target price on shares of Newell Brands in a research note on Monday, November 3rd.

Newell Brands Stock Up 0.3%

Newell Brands stock opened at $3.47 on Friday. The firm has a market capitalization of $1.45 billion, a P/E ratio of -57.82 and a beta of 1.02. The company has a current ratio of 1.14, a quick ratio of 0.57 and a debt-to-equity ratio of 1.68. Newell Brands has a twelve month low of $3.07 and a twelve month high of $11.78. The stock’s fifty day simple moving average is $4.46 and its 200-day simple moving average is $5.22.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, October 31st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Newell Brands had a positive return on equity of 8.64% and a negative net margin of 0.33%.The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. Newell Brands has set its FY 2025 guidance at 0.560-0.600 EPS. Q4 2025 guidance at 0.160-0.200 EPS. As a group, equities analysts expect that Newell Brands will post 0.72 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a $0.07 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 8.1%. Newell Brands’s dividend payout ratio is presently -466.67%.

Hedge Funds Weigh In On Newell Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System raised its holdings in Newell Brands by 1.2% during the second quarter. Maryland State Retirement & Pension System now owns 145,712 shares of the company’s stock worth $787,000 after purchasing an additional 1,738 shares in the last quarter. Uhlmann Price Securities LLC grew its position in shares of Newell Brands by 0.9% in the 2nd quarter. Uhlmann Price Securities LLC now owns 229,198 shares of the company’s stock valued at $1,238,000 after buying an additional 1,955 shares during the last quarter. Pingora Partners LLC raised its stake in Newell Brands by 3.1% during the 1st quarter. Pingora Partners LLC now owns 66,224 shares of the company’s stock worth $411,000 after acquiring an additional 2,000 shares in the last quarter. California State Teachers Retirement System lifted its position in Newell Brands by 0.6% in the second quarter. California State Teachers Retirement System now owns 384,848 shares of the company’s stock valued at $2,078,000 after acquiring an additional 2,108 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in Newell Brands by 19.6% in the second quarter. Osaic Holdings Inc. now owns 14,104 shares of the company’s stock valued at $76,000 after acquiring an additional 2,308 shares in the last quarter. 92.50% of the stock is owned by institutional investors and hedge funds.

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.