ValuEngine lowered shares of Newell Brands (NYSE:NWL) from a sell rating to a strong sell rating in a report issued on Wednesday, May 2nd.
Other analysts also recently issued reports about the stock. FIX reaffirmed a hold rating and set a $23.00 price objective on shares of Newell Brands in a report on Thursday, February 8th. Vetr raised shares of Newell Brands from a hold rating to a buy rating and set a $29.00 price objective for the company in a report on Tuesday, February 20th. JPMorgan Chase reaffirmed a hold rating and set a $26.00 price objective (up from $25.00) on shares of Newell Brands in a report on Tuesday, February 20th. SunTrust Banks reaffirmed a buy rating and set a $35.00 price objective on shares of Newell Brands in a report on Tuesday, January 30th. Finally, Wells Fargo reaffirmed a hold rating and set a $25.00 price objective on shares of Newell Brands in a report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $31.44.
Shares of Newell Brands traded down $0.65, reaching $26.37, during mid-day trading on Wednesday, according to Marketbeat. 101,838 shares of the stock traded hands, compared to its average volume of 9,052,275. The firm has a market capitalization of $12.87 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 1.62 and a beta of 0.80. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.72 and a quick ratio of 1.20. Newell Brands has a 1 year low of $26.06 and a 1 year high of $26.46.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Wednesday, May 30th. Newell Brands’s dividend payout ratio is presently 33.45%.
Institutional investors have recently bought and sold shares of the business. Gateway Investment Advisers LLC raised its stake in shares of Newell Brands by 0.4% during the fourth quarter. Gateway Investment Advisers LLC now owns 392,838 shares of the company’s stock valued at $12,139,000 after acquiring an additional 1,582 shares during the last quarter. Condor Capital Management raised its stake in shares of Newell Brands by 8.9% during the fourth quarter. Condor Capital Management now owns 23,380 shares of the company’s stock valued at $722,000 after acquiring an additional 1,904 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Newell Brands by 2.7% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 77,117 shares of the company’s stock valued at $1,965,000 after acquiring an additional 2,000 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Newell Brands by 25.3% during the first quarter. Whittier Trust Co. now owns 10,042 shares of the company’s stock valued at $256,000 after acquiring an additional 2,030 shares during the last quarter. Finally, Buckingham Capital Management Inc. raised its stake in shares of Newell Brands by 7.5% during the third quarter. Buckingham Capital Management Inc. now owns 30,015 shares of the company’s stock valued at $1,281,000 after acquiring an additional 2,085 shares during the last quarter. 90.50% of the stock is owned by institutional investors and hedge funds.
About Newell Brands
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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