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

Newell Brands Inc. (NASDAQ:NWL) insider Bradford R. Turner sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the transaction, the insider now directly owns 230,254 shares of the company’s stock, valued at approximately $2,063,075.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Newell Brands Trading Up 3.3 %

Shares of Newell Brands stock opened at $9.11 on Friday. Newell Brands Inc. has a 1-year low of $5.39 and a 1-year high of $9.68. The stock has a market cap 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 debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. The stock’s 50 day simple moving average is $7.70 and its 200-day simple moving average is $7.42.

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

Newell Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Friday, August 30th. Newell Brands’s dividend payout ratio (DPR) is -46.67%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NWL. Royal Bank of Canada lifted their price objective on Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Monday, July 29th. JPMorgan Chase & Co. cut their price objective 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. Wells Fargo & Company upped their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Finally, Canaccord Genuity Group raised their target price on Newell Brands from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.90.

Hedge Funds Weigh In On Newell Brands

Several institutional investors have recently bought and sold shares of NWL. Rothschild Investment LLC acquired a new stake in shares of Newell Brands in the 2nd quarter valued at $26,000. Gradient Investments LLC acquired a new stake in shares of Newell Brands during the second quarter worth $46,000. Quarry LP boosted its holdings in shares of Newell Brands by 104.4% in the second quarter. Quarry LP now owns 7,941 shares of the company’s stock valued at $51,000 after acquiring an additional 4,056 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Newell Brands during the 2nd quarter worth approximately $58,000. Finally, Venturi Wealth Management LLC acquired a new stake in Newell Brands in the third quarter valued at $70,000. 92.50% of the stock is owned by institutional investors and hedge funds.

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.