HighTower Advisors LLC Has $335,000 Position in Newell Brands Inc. (NASDAQ:NWL)

HighTower Advisors LLC lessened its holdings in shares of Newell Brands Inc. (NASDAQ:NWL) by 7.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,488 shares of the company’s stock after selling 3,508 shares during the quarter. HighTower Advisors LLC’s holdings in Newell Brands were worth $335,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NWL. CIBC Asset Management Inc increased its stake in Newell Brands by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 39,590 shares of the company’s stock valued at $304,000 after buying an additional 1,345 shares during the last quarter. Centaurus Financial Inc. increased its position in shares of Newell Brands by 5.9% during the second quarter. Centaurus Financial Inc. now owns 31,599 shares of the company’s stock valued at $203,000 after acquiring an additional 1,762 shares during the last quarter. Arizona State Retirement System lifted its holdings in Newell Brands by 2.1% during the second quarter. Arizona State Retirement System now owns 116,226 shares of the company’s stock worth $745,000 after acquiring an additional 2,394 shares during the period. Raymond James Trust N.A. boosted its position in Newell Brands by 9.9% in the second quarter. Raymond James Trust N.A. now owns 27,541 shares of the company’s stock worth $177,000 after purchasing an additional 2,490 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Newell Brands by 26.5% in the 3rd quarter. GAMMA Investing LLC now owns 15,002 shares of the company’s stock valued at $115,000 after purchasing an additional 3,142 shares during the period. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Stock Up 0.3 %

NWL stock opened at $10.05 on Tuesday. Newell Brands Inc. has a fifty-two week low of $5.39 and a fifty-two week high of $11.78. The company has a market cap of $4.18 billion, a price-to-earnings ratio of -16.75, a P/E/G ratio of 1.02 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. The business’s 50-day moving average is $9.25 and its two-hundred day moving average is $7.87.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The firm 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%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. As a group, analysts forecast that Newell Brands Inc. will post 0.65 earnings per share for the current year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Friday, November 29th. Newell Brands’s payout ratio is currently -46.67%.

Analyst Upgrades and Downgrades

Several research firms recently commented on NWL. JPMorgan Chase & Co. dropped their price objective on Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and upped their price target for the company from $10.00 to $17.00 in a research report on Monday, December 9th. Barclays upgraded 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 report on Wednesday, November 20th. Wells Fargo & Company lifted their target price on shares of Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Finally, Canaccord Genuity Group lifted their target price on shares of Newell Brands from $13.00 to $15.00 and gave the company a “buy” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.00.

Insider Buying and Selling at Newell Brands

In related news, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total value of $179,200.00. Following the sale, the insider now directly owns 230,254 shares of the company’s stock, valued at $2,063,075.84. This represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tracy L. Platt sold 23,343 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

Newell Brands 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.