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

Wall Street Zen upgraded shares of Newell Brands (NASDAQ:NWL) from a hold rating to a buy rating in a research note published on Saturday morning.

Other analysts have also recently issued research reports about the company. Morgan Stanley cut Newell Brands from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $4.00 to $3.50 in a research report on Wednesday, May 20th. Barclays boosted their price objective on Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Canaccord Genuity Group increased their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Newell Brands in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Newell Brands from $5.00 to $7.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Newell Brands currently has a consensus rating of “Hold” and an average price target of $6.22.

Newell Brands Stock Up 13.6%

Shares of NWL stock opened at $6.36 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.59 and a debt-to-equity ratio of 1.85. Newell Brands has a 12 month low of $3.07 and a 12 month high of $7.13. The stock has a market cap of $2.70 billion, a P/E ratio of -12.00, a P/E/G ratio of 6.86 and a beta of 0.88. The company has a 50 day simple moving average of $4.94 and a two-hundred day simple moving average of $4.41.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.22. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Newell Brands had a negative net margin of 3.05% and a positive return on equity of 12.31%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 EPS. 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, research analysts expect that Newell Brands will post 0.57 earnings per share for the current year.

Newell Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, May 29th. Newell Brands’s payout ratio is presently -52.83%.

Insider Transactions 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 stock was sold at an average price of $4.50, for a total transaction of $409,500.00. Following the completion of the sale, the insider owned 867 shares in the company, valued at approximately $3,901.50. This trade represents a 99.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kristine Kay Malkoski sold 10,850 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $3.65, for a total value of $39,602.50. The SEC filing for this sale provides additional information. Insiders sold a total of 202,750 shares of company stock valued at $812,396 over the last 90 days. Company insiders own 1.64% of the company’s stock.

Hedge Funds Weigh In On Newell Brands

Hedge funds have recently modified their holdings of the stock. Quarry LP grew its stake in Newell Brands by 139.3% during the fourth quarter. Quarry LP now owns 7,416 shares of the company’s stock valued at $28,000 after acquiring an additional 4,317 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Newell Brands in the 4th quarter worth $30,000. Vise Technologies Inc. bought a new position in shares of Newell Brands during the 3rd quarter valued at about $54,000. HighPoint Advisor Group LLC bought a new position in shares of Newell Brands during the 4th quarter valued at about $39,000. Finally, CreativeOne Wealth LLC purchased a new position in shares of Newell Brands during the third quarter valued at about $54,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

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.