Vetr upgraded shares of Newell Brands (NYSE:NWL) from a hold rating to a buy rating in a research note published on Thursday morning. They currently have $29.00 price objective on the stock.
A number of other research firms have also weighed in on NWL. KeyCorp reissued a buy rating and issued a $32.00 price objective (down previously from $40.00) on shares of Newell Brands in a research report on Monday, January 29th. FIX reissued a hold rating and issued a $23.00 price objective on shares of Newell Brands in a research report on Thursday, February 8th. Jefferies Group reissued a hold rating and issued a $32.00 price objective on shares of Newell Brands in a research report on Thursday, January 25th. Citigroup reaffirmed a buy rating on shares of Newell Brands in a research report on Monday, March 5th. Finally, Deutsche Bank upped their price target on shares of Newell Brands from $23.00 to $28.00 and gave the stock a hold rating in a research report on Monday, February 19th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $34.50.
Newell Brands (NYSE NWL) opened at $27.32 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 0.83. The firm has a market cap of $13,255.66, a P/E ratio of 4.85, a PEG ratio of 1.41 and a beta of 0.88. Newell Brands has a 52-week low of $23.85 and a 52-week high of $55.08.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.92 annualized dividend and a yield of 3.37%. Newell Brands’s dividend payout ratio is currently 16.34%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. grew its stake in Newell Brands by 548.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 71,583 shares of the company’s stock worth $2,212,000 after buying an additional 60,542 shares during the period. Xact Kapitalforvaltning AB grew its stake in Newell Brands by 6.8% during the fourth quarter. Xact Kapitalforvaltning AB now owns 95,431 shares of the company’s stock worth $2,949,000 after buying an additional 6,107 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Newell Brands by 20.1% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 476,569 shares of the company’s stock worth $14,726,000 after buying an additional 79,600 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in Newell Brands by 60.4% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 24,700 shares of the company’s stock worth $763,000 after buying an additional 9,300 shares during the period. Finally, MetLife Investment Advisors LLC purchased a new stake in Newell Brands during the fourth quarter worth approximately $4,686,000. Institutional investors own 91.11% of the company’s stock.
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Newell Brands Company Profile
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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