Newell Brands (NASDAQ:NWL) Stock Price Down 3.9% – Time to Sell?

Newell Brands Inc. (NASDAQ:NWL)’s stock price was down 3.9% during trading on Friday . The company traded as low as $10.99 and last traded at $11.00. Approximately 368,233 shares traded hands during trading, a decline of 93% from the average daily volume of 5,531,976 shares. The stock had previously closed at $11.45.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NWL shares. Truist Financial raised Newell Brands from a “hold” rating to a “buy” rating and increased their price target for the stock from $10.00 to $17.00 in a research report on Monday. Barclays upgraded shares of Newell Brands from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $8.00 to $10.00 in a report on Wednesday, November 20th. Wells Fargo & Company boosted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. JPMorgan Chase & Co. lowered their price target on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Finally, Canaccord Genuity Group lifted their price objective on shares of Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.00.

Newell Brands Stock Performance

The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. The firm’s fifty day moving average is $8.89 and its 200 day moving average is $7.75. The company has a market cap of $4.51 billion, a PE ratio of -18.33, a price-to-earnings-growth ratio of 1.06 and a beta of 0.90.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, October 25th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The company’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 earnings per share. As a group, research analysts predict that Newell Brands Inc. will post 0.66 EPS for the current fiscal year.

Newell Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a yield of 2.58%. Newell Brands’s payout ratio is currently -46.67%.

Insider Transactions at Newell Brands

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total value of $179,200.00. Following the transaction, the insider now directly owns 230,254 shares in the company, valued at $2,063,075.84. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tracy L. Platt sold 23,343 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

Hedge Funds Weigh In On Newell Brands

A number of hedge funds have recently made changes to their positions in NWL. CWM LLC raised its holdings in shares of Newell Brands by 56.4% in the 2nd quarter. CWM LLC now owns 22,820 shares of the company’s stock valued at $146,000 after buying an additional 8,226 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in Newell Brands in the 2nd quarter valued at about $92,000. Brookstone Capital Management purchased a new stake in Newell Brands during the second quarter worth about $82,000. Gradient Investments LLC acquired a new stake in shares of Newell Brands during the second quarter worth about $46,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Newell Brands in the second quarter valued at approximately $1,034,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

About Newell Brands

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.