Newell Brands Inc. (NASDAQ:NWL) Receives Average Recommendation of “Hold” from Brokerages

Newell Brands Inc. (NASDAQ:NWL) has been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.6562.

A number of analysts have recently commented on the stock. Canaccord Genuity Group lifted their price target on shares of Newell Brands from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Citigroup raised their target price on shares of Newell Brands from $5.50 to $6.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Barclays lifted their target price on shares of Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada boosted their target price on shares of Newell Brands from $4.00 to $5.00 and gave the company a “sector perform” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen raised Newell Brands from a “hold” rating to a “buy” rating in a report on Saturday, August 1st.

Newell Brands Trading Up 1.3%

NASDAQ:NWL opened at $6.25 on Tuesday. Newell Brands has a one year low of $3.07 and a one year high of $7.13. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.11 and a quick ratio of 0.59. The company’s 50-day simple moving average is $5.69 and its 200 day simple moving average is $4.65. The firm has a market capitalization of $2.66 billion, a P/E ratio of -11.79, a PEG ratio of 1.52 and a beta of 0.88.

Newell Brands (NASDAQ:NWL) last posted its quarterly 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 analyst estimates of $1.98 billion. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%.Newell Brands’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. 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, analysts forecast that Newell Brands will post 0.76 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, August 31st. Newell Brands’s dividend payout ratio is currently -52.83%.

Insider Buying and Selling

In other Newell Brands news, insider Bradford R. Turner sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $6.16, for a total value of $616,000.00. Following the completion of the sale, the insider owned 433,398 shares in the company, valued at $2,669,731.68. This represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.64% of the company’s stock.

Hedge Funds Weigh In On Newell Brands

Large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Newell Brands during the 2nd quarter valued at about $436,133,000. Pzena Investment Management LLC increased its holdings in shares of Newell Brands by 5.0% in the fourth quarter. Pzena Investment Management LLC now owns 50,019,553 shares of the company’s stock worth $186,073,000 after purchasing an additional 2,375,782 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Newell Brands by 197.8% in the fourth quarter. AQR Capital Management LLC now owns 21,166,902 shares of the company’s stock worth $78,741,000 after buying an additional 14,059,209 shares in the last quarter. Rubric Capital Management LP lifted its position in shares of Newell Brands by 17.4% in the first 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 in the last quarter. Finally, State Street Corp boosted its stake in Newell Brands by 2.1% during the fourth quarter. State Street Corp now owns 14,615,775 shares of the company’s stock valued at $54,371,000 after buying an additional 295,001 shares during the last quarter. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

About Newell Brands

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.