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

Newell Brands Inc. (NASDAQ:NWL) shot up 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. 856,943 shares traded hands during trading, a decline of 89% from the average daily volume of 7,830,300 shares. The stock had previously closed at $5.16.

Other analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Newell Brands from $5.00 to $3.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Citigroup reissued a “neutral” rating on shares of Newell Brands in a research report on Tuesday. Royal Bank Of Canada set a $4.00 price target on shares of Newell Brands in a research report on Thursday, April 9th. Canaccord Genuity Group raised their price objective 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. Finally, UBS Group boosted their target price on shares of Newell Brands from $4.25 to $4.75 and gave the company a “neutral” rating in a research report on Thursday. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.12.

Insider Activity

In other Newell Brands news, insider Kristine Kay Malkoski sold 10,850 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $3.65, for a total transaction of $39,602.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Melanie Arlene Huet sold 91,000 shares of the business’s 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 completion of the transaction, the insider owned 867 shares in the company, valued at $3,901.50. The trade was a 99.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 202,750 shares of company stock worth $812,396 in the last three months. Company insiders own 1.64% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NWL. GAMMA Investing LLC grew its position in shares of Newell Brands by 19.8% during the 2nd quarter. GAMMA Investing LLC now owns 11,408 shares of the company’s stock valued at $70,000 after acquiring an additional 1,887 shares during the period. California State Teachers Retirement System raised its holdings 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 purchasing an additional 2,108 shares during the period. The Manufacturers Life Insurance Company raised its holdings 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 purchasing an additional 2,171 shares during the period. Osaic Holdings Inc. boosted its position in Newell Brands by 19.6% during the second quarter. Osaic Holdings Inc. now owns 14,104 shares of the company’s stock worth $76,000 after purchasing an additional 2,308 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC boosted 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 worth $68,000 after purchasing an additional 2,456 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors.

Newell Brands Stock Down 3.7%

The company has a quick ratio of 0.51, a current ratio of 1.04 and a debt-to-equity ratio of 1.94. The business has a 50-day simple moving average of $4.60 and a 200-day simple moving average of $4.30. The company has a market cap of $2.22 billion, a PE ratio of -7.81, a P/E/G ratio of 6.67 and a beta of 0.87.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, May 1st. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Newell Brands had a positive return on equity of 8.89% and a negative net margin of 3.91%.The business’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.01) earnings per share. 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. Equities research analysts anticipate that Newell Brands Inc. will post 0.57 EPS for the current year.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a $0.07 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.28 dividend on an annualized basis and a yield of 5.4%. Newell Brands’s dividend payout ratio (DPR) 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.