Connor Clark & Lunn Investment Management Ltd. Sells 136,124 Shares of Newell Brands Inc. (NASDAQ:NWL)

Connor Clark & Lunn Investment Management Ltd. decreased its stake in Newell Brands Inc. (NASDAQ:NWL - Free Report) by 21.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 487,802 shares of the company's stock after selling 136,124 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.12% of Newell Brands worth $3,746,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NWL. Rothschild Investment LLC purchased a new position in shares of Newell Brands during the 2nd quarter valued at $26,000. Gradient Investments LLC bought a new position in shares of Newell Brands in the second quarter worth about $46,000. Quarry LP grew its position in shares of Newell Brands by 104.4% during the second quarter. Quarry LP now owns 7,941 shares of the company's stock worth $51,000 after purchasing an additional 4,056 shares in the last quarter. Innealta Capital LLC bought a new stake in Newell Brands during the 2nd quarter valued at approximately $58,000. Finally, Venturi Wealth Management LLC bought a new stake in Newell Brands during the 3rd quarter valued at approximately $70,000. Institutional investors own 92.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NWL. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Newell Brands from $8.00 to $9.00 and gave the company a "hold" rating in a report on Monday, July 29th. Canaccord Genuity Group lifted their price target on shares of Newell Brands from $12.00 to $13.00 and gave the company a "buy" rating in a report on Monday, October 28th. Royal Bank of Canada increased their price objective on shares of Newell Brands from $7.50 to $9.50 and gave the company a "sector perform" rating in a report on Monday, July 29th. Truist Financial lifted their target price on Newell Brands from $8.00 to $10.00 and gave the stock a "hold" rating in a report on Tuesday, July 30th. Finally, Citigroup lowered 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 issued a buy rating to the company. Based on data from MarketBeat, Newell Brands has a consensus rating of "Hold" and a consensus target price of $9.10.

Insiders Place Their Bets

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total value of $179,200.00. Following the sale, the insider now owns 230,254 shares in the company, valued at $2,063,075.84. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.58% of the stock is owned by insiders.

Newell Brands Trading Up 2.0 %

Shares of NASDAQ:NWL traded up $0.18 during trading on Friday, hitting $9.12. The company had a trading volume of 4,961,727 shares, compared to its average volume of 6,393,328. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of -15.20, a price-to-earnings-growth ratio of 0.83 and a beta of 0.89. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.99 and a quick ratio of 0.50. The company has a fifty day simple moving average of $8.10 and a two-hundred day simple moving average of $7.54. Newell Brands Inc. has a one year low of $5.39 and a one year high of $9.68.

Newell Brands (NASDAQ:NWL - Get Free Report) last issued its quarterly 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. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the company earned $0.39 earnings per share. Newell Brands's revenue was down 2.6% on a year-over-year basis. As a group, equities analysts forecast that Newell Brands Inc. will post 0.66 earnings per share for the current year.

Newell Brands Announces Dividend

The company 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 $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Friday, November 29th. Newell Brands's dividend payout ratio (DPR) is currently -46.67%.

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.