Newell Brands (NASDAQ:NWL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Newell Brands (NASDAQ:NWL) from a buy rating to a strong-buy rating in a report issued on Saturday morning,Wall Street Zen reports.

A number of other research firms also recently weighed in on NWL. Morgan Stanley reaffirmed an “underweight” rating and issued a $5.75 target price on shares of Newell Brands in a research report on Thursday, August 6th. Citigroup lifted their price target on shares of Newell Brands from $5.50 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. boosted their price target on shares of Newell Brands from $5.00 to $7.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 price objective on shares of Newell Brands in a research note on Monday, August 3rd. Finally, Barclays raised their price objective on Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Newell Brands has an average rating of “Hold” and a consensus target price of $6.66.

Newell Brands Stock Down 1.9%

NASDAQ:NWL opened at $5.54 on Friday. The stock has a 50-day simple moving average of $5.80 and a 200 day simple moving average of $5.03. Newell Brands has a 52-week low of $3.07 and a 52-week high of $7.13. The company has a market cap of $2.36 billion, a PE ratio of -10.45, a PEG ratio of 1.40 and a beta of 0.88. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.59 and a current ratio of 1.11.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, July 31st. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.22. Newell Brands had a positive return on equity of 12.31% and a negative net margin of 3.05%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm posted $0.24 EPS. The business’s revenue was up 3.0% on a year-over-year basis. 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. On average, sell-side analysts expect that Newell Brands will post 0.76 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 5.1%. The ex-dividend date was Monday, August 31st. Newell Brands’s dividend payout ratio (DPR) is -52.83%.

Insider Buying and Selling

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

Institutional Trading of Newell Brands

Several institutional investors and hedge funds have recently bought and sold shares of NWL. GAMMA Investing LLC increased its position in Newell Brands by 19.8% in the second quarter. GAMMA Investing LLC now owns 11,408 shares of the company’s stock worth $70,000 after purchasing an additional 1,887 shares during the last quarter. Arizona State Retirement System raised its stake in Newell Brands by 1.8% during the second quarter. Arizona State Retirement System now owns 117,250 shares of the company’s stock valued at $720,000 after purchasing an additional 2,106 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in Newell Brands by 14.1% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 19,898 shares of the company’s stock valued at $68,000 after purchasing an additional 2,456 shares during the last quarter. Parallel Advisors LLC lifted its position in Newell Brands by 13.3% during the first quarter. Parallel Advisors LLC now owns 23,881 shares of the company’s stock valued at $82,000 after purchasing an additional 2,795 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its stake in shares of Newell Brands by 27.0% in the 1st quarter. Citizens Financial Group Inc. RI now owns 13,200 shares of the company’s stock worth $45,000 after buying an additional 2,803 shares in the last quarter. Institutional investors own 92.50% of the company’s stock.

About Newell Brands

Newell Brands Inc is a global consumer-goods company that designs, manufactures and markets products for the home, workplace, school and outdoor recreation. Its portfolio includes storage and organization products, writing instruments, food and beverage preparation items, cookware, small appliances, outdoor equipment, candles and other household goods.

The company’s brands include Rubbermaid, Sharpie, Graco, Coleman, Yankee Candle, Elmer’s, FoodSaver, Mr. Coffee, Oster, Calphalon and Sistema.