Newell Brands (NASDAQ:NWL) Stock Lifted to “Strong-Buy” by Wall Street Zen

Wall Street Zen upgraded shares of Newell Brands (NASDAQ:NWL – Free Report) from a buy rating to a strong-buy rating in a research note published on Saturday morning,Wall Street Zen reports.

Several other equities research analysts also recently weighed in on NWL. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 price target on shares of Newell Brands in a research report on Monday, August 3rd. Weiss Ratings cut Newell Brands from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, October 8th. UBS Group boosted their price objective on Newell Brands from $4.75 to $5.50 and gave the company a “neutral” rating in a report on Monday, August 3rd. Royal Bank Of Canada upped their target price on Newell Brands from $4.00 to $5.00 and gave the stock a “sector perform” rating in a research note on Monday, August 3rd. Finally, Citigroup raised their target price on Newell Brands from $5.50 to $6.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $6.66.

Check Out Our Latest Analysis on NWL

Newell Brands Stock Down 2.1%

NASDAQ:NWL opened at $5.65 on Friday. The firm has a market capitalization of $2.41 billion, a P/E ratio of -10.66, a PEG ratio of 1.40 and a beta of 0.88. Newell Brands has a 1-year low of $3.07 and a 1-year high of $7.13. The company’s fifty day moving average price is $5.81 and its 200-day moving average price is $5.00. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.11 and a quick ratio of 0.59.

Newell Brands (NASDAQ:NWL – Get Free Report) last issued its earnings results on Friday, July 31st. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.22. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 earnings per share. Newell Brands has set its Q3 2026 guidance at 0.180-0.200 EPS and its FY 2026 guidance at 0.730-0.770 EPS. As a group, equities research analysts anticipate that Newell Brands will post 0.76 EPS for the current year.

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.28 dividend on an annualized basis and a yield of 5.0%. Newell Brands’s dividend payout ratio is -52.83%.

Insider Transactions at Newell Brands

In related news, insider Bradford Turner sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $6.16, for a total transaction of $616,000.00. Following the sale, the insider owned 433,398 shares in the company, valued at approximately $2,669,731.68. This trade represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.64% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Newell Brands in the 2nd quarter valued at about $436,133,000. Pzena Investment Management LLC acquired a new stake in Newell Brands in the 2nd quarter worth about $294,663,000. Rubric Capital Management LP boosted its holdings in Newell Brands by 17.4% in the 1st quarter. Rubric Capital Management LP now owns 15,257,431 shares of the company’s stock worth $52,333,000 after buying an additional 2,257,431 shares during the last quarter. Primecap Management Co. CA purchased a new stake in Newell Brands during the 2nd quarter worth approximately $36,003,000. Finally, Bank of New York Mellon Corp purchased a new stake in Newell Brands during the 2nd quarter worth approximately $15,135,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Newell Brands Company Profile

(Get Free Report)

Newell Brands Inc is a global consumer-goods company that designs, manufactures and markets products for the home, workplace, school and outdoor recreation. Its portfolio includes storage and organization products, writing instruments, food and beverage preparation items, cookware, small appliances, outdoor equipment, candles and other household goods.

The company’s brands include Rubbermaid, Sharpie, Graco, Coleman, Yankee Candle, Elmer’s, FoodSaver, Mr. Coffee, Oster, Calphalon and Sistema.

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Analyst Recommendations for Newell Brands (NASDAQ:NWL)

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