Cerity Partners LLC Grows Stock Holdings in Newell Brands Inc. (NASDAQ:NWL)

Cerity Partners LLC increased its holdings in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 130.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 91,723 shares of the company's stock after acquiring an additional 51,992 shares during the period. Cerity Partners LLC's holdings in Newell Brands were worth $704,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in Newell Brands by 3.5% during the third quarter. CIBC Asset Management Inc now owns 39,590 shares of the company's stock valued at $304,000 after purchasing an additional 1,345 shares in the last quarter. Centaurus Financial Inc. lifted its stake in Newell Brands by 5.9% in the 2nd quarter. Centaurus Financial Inc. now owns 31,599 shares of the company's stock valued at $203,000 after buying an additional 1,762 shares in the last quarter. Arizona State Retirement System boosted its holdings in Newell Brands by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 116,226 shares of the company's stock worth $745,000 after buying an additional 2,394 shares during the last quarter. Raymond James Trust N.A. increased its stake in Newell Brands by 9.9% during the 2nd quarter. Raymond James Trust N.A. now owns 27,541 shares of the company's stock worth $177,000 after buying an additional 2,490 shares in the last quarter. Finally, Xcel Wealth Management LLC raised its holdings in shares of Newell Brands by 8.3% during the second quarter. Xcel Wealth Management LLC now owns 32,773 shares of the company's stock valued at $210,000 after acquiring an additional 2,500 shares during the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on Newell Brands from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Friday, October 11th. Barclays raised shares of Newell Brands from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $8.00 to $10.00 in a report on Wednesday, November 20th. Wells Fargo & Company raised their price target on shares of Newell Brands from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Monday, October 28th. Canaccord Genuity Group upped their price objective on shares of Newell Brands from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Friday. Finally, Citigroup lowered shares of Newell Brands from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 13th. One equities 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. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $9.30.

Insider Activity at Newell Brands

In related news, insider Tracy L. Platt sold 23,343 shares of Newell Brands stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the sale, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. This trade represents a 7.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.58% of the stock is owned by insiders.

Newell Brands Trading Up 3.8 %

Shares of NWL stock traded up $0.38 during trading on Friday, hitting $10.31. 7,024,992 shares of the stock traded hands, compared to its average volume of 4,828,433. Newell Brands Inc. has a 52-week low of $5.39 and a 52-week high of $10.44. The firm has a market capitalization 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 firm's fifty day moving average price is $8.57 and its 200-day moving average price is $7.65. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50.

Newell Brands (NASDAQ:NWL - Get Free Report) last posted its earnings results on Friday, October 25th. The company reported $0.16 EPS for the quarter, meeting analysts' consensus estimates of $0.16. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The company's revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. As a group, research analysts forecast that Newell Brands Inc. will post 0.66 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, November 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.72%. Newell Brands's payout ratio is currently -46.67%.

Newell Brands Company 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.