Newell Brands (NASDAQ:NWL) Shares Up 6.4% After Analyst Upgrade

Newell Brands Inc. (NASDAQ:NWL) shares rose 6.4% during mid-day trading on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $5.00 to $7.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Newell Brands traded as high as $5.60 and last traded at $5.4890. Approximately 856,943 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 7,830,300 shares. The stock had previously closed at $5.16.

Other research analysts have also recently issued reports about the stock. Citigroup reaffirmed a “neutral” rating on shares of Newell Brands in a report on Tuesday. Morgan Stanley cut shares of Newell Brands from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $4.00 to $3.50 in a report on Wednesday, May 20th. Royal Bank Of Canada set a $4.00 price target on shares of Newell Brands in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Newell Brands from $5.00 to $3.00 and set a “hold” rating for the company in a report on Monday, March 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Newell Brands in a research report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.12.

Insider Buying and Selling at Newell Brands

In related news, insider Melanie Arlene Huet sold 91,000 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $4.50, for a total value of $409,500.00. Following the sale, the insider directly owned 867 shares of the company’s stock, valued at $3,901.50. This represents a 99.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bradford R. Turner sold 100,000 shares of Newell Brands stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $3.60, for a total value of $360,000.00. Following the sale, the insider owned 464,449 shares of the company’s stock, valued at approximately $1,672,016.40. This trade represents a 17.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 202,750 shares of company stock worth $812,396. Insiders own 1.64% of the company’s stock.

Institutional Investors Weigh In On Newell Brands

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in Newell Brands by 19.8% in the second quarter. GAMMA Investing LLC now owns 11,408 shares of the company’s stock valued at $70,000 after purchasing an additional 1,887 shares during the last quarter. California State Teachers Retirement System boosted its stake in Newell Brands by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 384,848 shares of the company’s stock worth $2,078,000 after buying an additional 2,108 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Newell Brands by 2.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 78,967 shares of the company’s stock worth $294,000 after buying an additional 2,171 shares during the last quarter. Osaic Holdings Inc. grew its holdings in Newell Brands by 19.6% in the 2nd quarter. Osaic Holdings Inc. now owns 14,104 shares of the company’s stock valued at $76,000 after buying an additional 2,308 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC grew its holdings in Newell Brands by 14.1% in 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 period. Institutional investors own 92.50% of the company’s stock.

Newell Brands Price Performance

The company’s 50 day moving average price is $4.60 and its 200-day moving average price is $4.30. The company has a current ratio of 1.04, a quick ratio of 0.51 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $2.22 billion, a PE ratio of -7.81, a PEG ratio of 6.67 and a beta of 0.87.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.04. Newell Brands had a negative net margin of 3.91% and a positive return on equity of 8.89%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm earned ($0.01) earnings per share. Newell Brands’s revenue for the quarter was down 1.1% on a year-over-year basis. Newell Brands has set its FY 2026 guidance at 0.560-0.600 EPS and its Q2 2026 guidance at 0.160-0.190 EPS. On average, sell-side analysts forecast that Newell Brands Inc. will post 0.57 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.28 annualized dividend and a dividend yield of 5.4%. Newell Brands’s payout ratio is presently -41.79%.

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.