Newell Brands Inc. (NASDAQ:NWL) Insider Bradford R. Turner Sells 20,000 Shares

Newell Brands Inc. (NASDAQ:NWL) insider Bradford R. Turner sold 20,000 shares of Newell Brands stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the sale, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Newell Brands Stock Up 3.3 %

Shares of NWL opened at $9.11 on Friday. Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $9.68. The firm has a fifty day moving average price of $7.70 and a 200-day moving average price of $7.42. The firm has a market capitalization of $3.79 billion, a P/E ratio of -15.18, a P/E/G ratio of 0.81 and a beta of 0.89. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. Newell Brands’s revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS. Equities research analysts expect that Newell Brands Inc. will post 0.65 earnings per share for the current year.

Newell Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.07%. Newell Brands’s dividend payout ratio is presently -46.67%.

Analyst Upgrades and Downgrades

Several analysts have commented on NWL shares. Royal Bank of Canada boosted their price target on shares of Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Truist Financial boosted their target price on Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Wells Fargo & Company lifted their price objective on Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. cut their target price on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Finally, Canaccord Genuity Group boosted their target price on shares of Newell Brands from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Newell Brands has a consensus rating of “Hold” and an average price target of $8.90.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Primecap Management Co. CA lifted its position in Newell Brands by 17.7% during the second quarter. Primecap Management Co. CA now owns 14,049,064 shares of the company’s stock valued at $90,054,000 after acquiring an additional 2,109,892 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Newell Brands by 29.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company’s stock valued at $75,753,000 after purchasing an additional 2,668,384 shares during the last quarter. Deprince Race & Zollo Inc. increased its position in Newell Brands by 1.4% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 10,227,445 shares of the company’s stock valued at $65,558,000 after buying an additional 137,441 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Newell Brands by 5,324.8% during the third quarter. Victory Capital Management Inc. now owns 4,724,266 shares of the company’s stock worth $36,282,000 after acquiring an additional 4,637,180 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Newell Brands by 8.3% during the second quarter. Bank of New York Mellon Corp now owns 2,820,147 shares of the company’s stock valued at $18,077,000 after acquiring an additional 215,759 shares in the last quarter. 92.50% of the stock is owned by institutional investors.

Newell Brands Company Profile

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.