Newell Brands (NASDAQ:NWL) Stock Price Down 4%

Newell Brands Inc. (NASDAQ:NWL) shares traded down 4% during trading on Monday . The stock traded as low as $8.54 and last traded at $8.55. 465,683 shares were traded during trading, a decline of 90% from the average session volume of 4,849,755 shares. The stock had previously closed at $8.91.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a report on Monday. Wells Fargo & Company increased their price objective on shares of Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday. Royal Bank of Canada increased their price objective on shares of Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a report on Monday. Citigroup dropped their price objective on shares of Newell Brands from $8.00 to $6.25 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, Canaccord Genuity Group increased their price objective on shares of Newell Brands from $10.00 to $12.00 and gave the company a “buy” rating in a report on Monday. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Newell Brands presently has a consensus rating of “Hold” and a consensus price target of $8.64.

Newell Brands Price Performance

The company has a current ratio of 0.98, a quick ratio of 0.51 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $3.64 billion, a PE ratio of -12.47, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89. The stock’s 50-day moving average is $6.90 and its two-hundred day moving average is $7.47.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, July 26th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.15. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the company posted $0.24 EPS. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, equities analysts predict that Newell Brands Inc. will post 0.62 EPS for the current year.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Friday, May 31st. Newell Brands’s dividend payout ratio (DPR) is presently -38.89%.

Hedge Funds Weigh In On Newell Brands

Institutional investors have recently modified their holdings of the stock. Quarry LP increased its position in shares of Newell Brands by 106.2% during the fourth quarter. Quarry LP now owns 4,731 shares of the company’s stock worth $41,000 after acquiring an additional 2,437 shares during the period. NBC Securities Inc. increased its position in shares of Newell Brands by 50.5% during the first quarter. NBC Securities Inc. now owns 5,302 shares of the company’s stock worth $42,000 after acquiring an additional 1,780 shares during the period. Quest Partners LLC purchased a new position in shares of Newell Brands during the fourth quarter worth approximately $45,000. Gradient Investments LLC purchased a new position in shares of Newell Brands during the second quarter worth approximately $46,000. Finally, GAMMA Investing LLC bought a new position in shares of Newell Brands during the fourth quarter valued at approximately $61,000. 92.50% of the stock is owned by hedge funds and other institutional investors.

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.