Newell Brands Inc. (NYSE:NWL) has earned an average rating of “Hold” from the nineteen analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $45.20.
NWL has been the topic of several analyst reports. Raymond James Financial reaffirmed a “market perform” rating on shares of Newell Brands in a report on Friday, November 3rd. Jefferies Group reaffirmed a “hold” rating and issued a $47.00 price target on shares of Newell Brands in a report on Thursday, October 19th. Morgan Stanley cut their price target on shares of Newell Brands from $54.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. Forward View reaffirmed a “buy” rating and issued a $35.00 price target on shares of Newell Brands in a report on Sunday, November 5th. Finally, Barclays reiterated a “buy” rating and set a $35.00 price objective on shares of Newell Brands in a research note on Wednesday, December 6th.
Newell Brands (NYSE NWL) traded up $0.37 during midday trading on Tuesday, reaching $32.26. 3,520,000 shares of the company’s stock traded hands, compared to its average volume of 5,490,000. The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 0.80. Newell Brands has a fifty-two week low of $27.45 and a fifty-two week high of $55.08. The stock has a market capitalization of $15,810.00, a price-to-earnings ratio of 12.46, a P/E/G ratio of 1.22 and a beta of 1.10.
Newell Brands announced that its board has approved a stock buyback program on Tuesday, September 26th that authorizes the company to buyback $256.00 million in shares. This buyback authorization authorizes the company to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.92 annualized dividend and a dividend yield of 2.85%. Newell Brands’s payout ratio is currently 35.52%.
In related news, CEO Michael B. Polk acquired 7,000 shares of the stock in a transaction dated Monday, November 20th. The stock was acquired at an average cost of $28.22 per share, for a total transaction of $197,540.00. Following the completion of the purchase, the chief executive officer now owns 616,296 shares of the company’s stock, valued at approximately $17,391,873.12. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.97% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parkside Investments LLC acquired a new position in Newell Brands during the third quarter valued at $107,000. Harfst & Associates Inc. lifted its position in Newell Brands by 14.4% during the second quarter. Harfst & Associates Inc. now owns 2,502 shares of the company’s stock valued at $134,000 after purchasing an additional 315 shares during the period. BB&T Investment Services Inc. acquired a new position in Newell Brands during the second quarter valued at $143,000. Northwestern Mutual Wealth Management Co. lifted its position in Newell Brands by 52.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,164 shares of the company’s stock valued at $169,000 after purchasing an additional 1,088 shares during the period. Finally, Sun Life Financial INC lifted its position in Newell Brands by 29,358.3% during the second quarter. Sun Life Financial INC now owns 3,535 shares of the company’s stock valued at $190,000 after purchasing an additional 3,523 shares during the period. Institutional investors own 94.29% of the company’s stock.
About Newell Brands
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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