Newell Brands’ (NWL) “Maintains” Rating Reaffirmed at Raymond James

Raymond James reiterated their maintains rating on shares of Newell Brands (NASDAQ:NWLGet Rating) in a research note published on Monday morning, Benzinga reports.

Other equities analysts have also issued research reports about the company. TheStreet upgraded Newell Brands from a c+ rating to a b rating in a research note on Friday, April 29th. JPMorgan Chase & Co. reduced their target price on Newell Brands from $29.00 to $26.00 and set an overweight rating for the company in a research note on Wednesday, March 30th. Wells Fargo & Company reduced their target price on Newell Brands from $21.00 to $20.00 and set an equal weight rating for the company in a research note on Tuesday, June 21st. UBS Group reduced their target price on Newell Brands to $28.00 in a research note on Friday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Newell Brands from $25.00 to $22.00 and set a hold rating for the company in a research note on Tuesday, June 21st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $25.17.

Newell Brands Trading Up 2.9 %

NWL stock traded up $0.59 during midday trading on Monday, reaching $20.68. 75,986 shares of the company traded hands, compared to its average volume of 3,500,975. Newell Brands has a 52-week low of $17.40 and a 52-week high of $27.48. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.66 and a current ratio of 1.39. The business has a 50 day moving average of $19.71 and a 200-day moving average of $21.82. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 12.26 and a beta of 0.74.

Newell Brands (NASDAQ:NWLGet Rating) last announced its quarterly earnings data on Friday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.09. Newell Brands had a return on equity of 19.95% and a net margin of 6.71%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Newell Brands’s revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts expect that Newell Brands will post 1.91 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.45%. The ex-dividend date was Friday, May 27th. Newell Brands’s payout ratio is 55.09%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Whittier Trust Co. boosted its holdings in shares of Newell Brands by 590.3% during the 2nd quarter. Whittier Trust Co. now owns 10,796 shares of the company’s stock worth $205,000 after purchasing an additional 9,232 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in shares of Newell Brands by 13.0% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 12,925 shares of the company’s stock worth $246,000 after purchasing an additional 1,488 shares during the last quarter. Versor Investments LP purchased a new stake in shares of Newell Brands during the 2nd quarter valued at approximately $609,000. NewSquare Capital LLC raised its position in shares of Newell Brands by 14.8% during the 2nd quarter. NewSquare Capital LLC now owns 218,249 shares of the company’s stock valued at $4,155,000 after buying an additional 28,066 shares during the period. Finally, ARGI Investment Services LLC raised its position in shares of Newell Brands by 13.1% during the 2nd quarter. ARGI Investment Services LLC now owns 273,488 shares of the company’s stock valued at $5,207,000 after buying an additional 31,762 shares during the period. 84.07% of the stock is currently owned by institutional investors and hedge funds.

Newell Brands Company Profile

(Get Rating)

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and home and security, and smoke and carbon monoxide alarms products under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.

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