Shares of Newell Brands Inc. (NASDAQ:NWL – Get Free Report) have received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $4.8125.
NWL has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Newell Brands in a report on Friday, May 15th. Canaccord Genuity Group boosted their target price on shares of Newell Brands from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Morgan Stanley cut shares of Newell Brands from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $4.00 to $3.50 in a research note on Wednesday, May 20th. UBS Group raised their price target on shares of Newell Brands from $3.75 to $4.25 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada set a $4.00 price target on shares of Newell Brands in a research report on Thursday, April 9th.
Get Our Latest Stock Analysis on Newell Brands
Newell Brands Price Performance
Newell Brands (NASDAQ:NWL – Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.51 billion. Newell Brands had a positive return on equity of 8.89% and a negative net margin of 3.91%.The firm’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share. Newell Brands has set its FY 2026 guidance at 0.560-0.600 EPS and its Q2 2026 guidance at 0.160-0.190 EPS. On average, equities analysts anticipate that Newell Brands will post 0.57 earnings per share for the current year.
Newell Brands Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.28 annualized dividend and a yield of 5.4%. Newell Brands’s dividend payout ratio (DPR) is -41.79%.
Insider Activity
In other news, insider Bradford R. Turner sold 100,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $3.60, for a total value of $360,000.00. Following the transaction, the insider owned 464,449 shares of the company’s stock, valued at $1,672,016.40. This represents a 17.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kristine Kay Malkoski sold 10,850 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $3.65, for a total value of $39,602.50. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 202,750 shares of company stock valued at $812,396 in the last quarter. Insiders own 1.64% of the company’s stock.
Institutional Investors Weigh In On Newell Brands
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP boosted its position in shares of Newell Brands by 139.3% during the 4th quarter. Quarry LP now owns 7,416 shares of the company’s stock worth $28,000 after purchasing an additional 4,317 shares during the period. Summit Securities Group LLC purchased a new stake in Newell Brands in the fourth quarter valued at approximately $30,000. Citizens Financial Group Inc. RI acquired a new position in Newell Brands during the fourth quarter worth $39,000. HighPoint Advisor Group LLC purchased a new position in shares of Newell Brands during the fourth quarter worth $39,000. Finally, 111 Capital purchased a new position in shares of Newell Brands during the fourth quarter worth $39,000. 92.50% of the stock is owned by hedge funds and other institutional investors.
Newell Brands Company Profile
Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.
The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.
Featured Articles
- Five stocks we like better than Newell Brands
- Starbucks Builds Sovereign AI to Cut $400 Million in Software Costs
- Power Struggle: Wolfspeed Sues Navitas Over AI Chips
- Why WD-40 Is Proving Great Businesses Never Go Out of Style
- Pushing the Edge: Super Micro Computer Reboots the AI Landscape
Receive News & Ratings for Newell Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands and related companies with MarketBeat.com's FREE daily email newsletter.
