Insider Selling: Newell Brands Inc. (NASDAQ:NWL) Insider Sells $240,666.33 in Stock

Newell Brands Inc. (NASDAQ:NWL) insider Tracy L. Platt sold 23,343 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $10.31, for a total value of $240,666.33. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Newell Brands Stock Up 3.8 %

NWL stock opened at $10.31 on Friday. The stock’s 50 day simple moving average is $8.57 and its 200 day simple moving average is $7.65. The company has a market cap of $4.29 billion, a P/E ratio of -17.18, a price-to-earnings-growth ratio of 0.93 and a beta of 0.90. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. Newell Brands Inc. has a fifty-two week low of $5.39 and a fifty-two week high of $10.44.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. Newell Brands’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the business earned $0.39 EPS. On average, research analysts expect that Newell Brands Inc. will post 0.66 earnings per share for the current fiscal year.

Newell Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, November 29th. Newell Brands’s payout ratio is presently -46.67%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citigroup downgraded Newell Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. Canaccord Genuity Group boosted their price target on shares of Newell Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday. Barclays upgraded shares of Newell Brands from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $8.00 to $10.00 in a research report on Wednesday, November 20th. Wells Fargo & Company boosted their target price on shares of Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. decreased their price target on Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Newell Brands currently has an average rating of “Hold” and a consensus target price of $9.30.

Hedge Funds Weigh In On Newell Brands

Several large investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Newell Brands by 6.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 209,029 shares of the company’s stock worth $1,679,000 after buying an additional 11,868 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Newell Brands by 40.4% during the 2nd quarter. GAMMA Investing LLC now owns 11,860 shares of the company’s stock valued at $76,000 after purchasing an additional 3,412 shares during the last quarter. CWM LLC raised its stake in shares of Newell Brands by 56.4% during the 2nd quarter. CWM LLC now owns 22,820 shares of the company’s stock worth $146,000 after purchasing an additional 8,226 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Newell Brands in the 2nd quarter worth about $92,000. Finally, Brookstone Capital Management purchased a new position in shares of Newell Brands in the 2nd quarter worth about $82,000. Institutional investors own 92.50% of the company’s stock.

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.