Raymond James Reaffirms “Maintains” Rating for Newell Brands (NASDAQ:NWL)

Raymond James reissued their maintains rating on shares of Newell Brands (NASDAQ:NWL – Get Rating) in a report published on Monday morning, Benzinga reports.

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

Newell Brands Stock Performance

Newell Brands stock traded up $0.61 during mid-day trading on Monday, hitting $20.70. 84,887 shares of the company’s stock traded hands, compared to its average volume of 3,500,975. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.39 and a quick ratio of 0.66. The stock has a market cap of $8.56 billion, a price-to-earnings ratio of 12.26 and a beta of 0.74. The firm has a 50 day simple moving average of $19.71 and a two-hundred day simple moving average of $21.82. Newell Brands has a fifty-two week low of $17.40 and a fifty-two week high of $27.48.

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

Newell Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, May 27th. This represents a $0.92 annualized dividend and a yield of 4.44%. Newell Brands’s dividend payout ratio (DPR) is currently 55.09%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC purchased a new position in shares of Newell Brands during the 4th quarter valued at $25,000. Tcwp LLC purchased a new position in shares of Newell Brands during the 1st quarter valued at $26,000. Fairfield Bush & CO. purchased a new position in shares of Newell Brands during the 1st quarter valued at $26,000. Tyler Stone Wealth Management bought a new stake in shares of Newell Brands during the 4th quarter valued at $30,000. Finally, AGF Investments LLC bought a new stake in shares of Newell Brands during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 84.07% of the company’s stock.

About Newell Brands

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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.