Several other equities research analysts have also recently issued reports on the company. B. Riley reissued a buy rating and set a $67.00 target price on shares of Newell Brands in a research note on Tuesday, February 7th. Oppenheimer Holdings Inc. reissued a market perform rating and set a $50.00 target price (down previously from $52.00) on shares of Newell Brands in a research note on Thursday, February 2nd. Zacks Investment Research cut Newell Brands from a buy rating to a hold rating in a research note on Tuesday, January 24th. Barclays PLC reissued an overweight rating and set a $53.00 target price (down previously from $60.00) on shares of Newell Brands in a research note on Tuesday, January 10th. Finally, Forward View restated a buy rating and set a $52.00 price target on shares of Newell Brands in a research report on Sunday, January 8th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $56.87.
Newell Brands (NYSE:NWL) opened at 46.99 on Tuesday. The company’s 50-day moving average price is $46.41 and its 200 day moving average price is $49.54. The firm has a market capitalization of $22.75 billion, a price-to-earnings ratio of 37.65 and a beta of 0.94. Newell Brands has a 12 month low of $34.84 and a 12 month high of $55.45.
Newell Brands (NYSE:NWL) last posted its earnings results on Monday, February 6th. The company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. The company earned $4.14 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Newell Brands had a return on equity of 13.59% and a net margin of 3.98%. The firm’s quarterly revenue was up 165.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 earnings per share. Analysts predict that Newell Brands will post $3.03 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.62%. Newell Brands’s dividend payout ratio (DPR) is 64.96%.
In other Newell Brands news, Director Raymond G. Viault purchased 1,630 shares of the firm’s stock in a transaction on Wednesday, February 8th. The stock was bought at an average cost of $45.96 per share, with a total value of $74,914.80. Following the acquisition, the director now directly owns 85,206 shares of the company’s stock, valued at $3,916,067.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Mark Tarchetti purchased 13,000 shares of the firm’s stock in a transaction on Tuesday, February 7th. The shares were acquired at an average cost of $45.22 per share, with a total value of $587,860.00. Following the completion of the acquisition, the president now directly owns 201,995 shares in the company, valued at $9,134,213.90. The disclosure for this purchase can be found here. 0.66% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in NWL. SevenBridge Financial Group LLC increased its position in Newell Brands by 13.9% in the third quarter. SevenBridge Financial Group LLC now owns 2,651 shares of the company’s stock worth $138,000 after buying an additional 324 shares during the period. Global X Management Co. LLC increased its position in Newell Brands by 105.8% in the third quarter. Global X Management Co. LLC now owns 2,677 shares of the company’s stock worth $141,000 after buying an additional 1,376 shares during the period. CHICAGO TRUST Co NA purchased a new position in Newell Brands during the third quarter worth about $200,000. Stratos Wealth Partners LTD. purchased a new position in Newell Brands during the third quarter worth about $201,000. Finally, Penserra Capital Management LLC increased its position in Newell Brands by 93.6% in the third quarter. Penserra Capital Management LLC now owns 3,844 shares of the company’s stock worth $201,000 after buying an additional 1,858 shares during the period. 93.27% of the stock is owned by institutional investors.
Newell Brands Company Profile
Newell Brands Inc, formerly Newell Rubbermaid Inc, is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.
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