Stifel Financial Corp Has $398,000 Stock Position in Newell Brands Inc. (NASDAQ:NWL)

Stifel Financial Corp lessened its stake in Newell Brands Inc. (NASDAQ:NWL) by 5.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 51,851 shares of the company’s stock after selling 2,709 shares during the quarter. Stifel Financial Corp’s holdings in Newell Brands were worth $398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc increased its position in Newell Brands by 3.5% during the third quarter. CIBC Asset Management Inc now owns 39,590 shares of the company’s stock worth $304,000 after buying an additional 1,345 shares during the last quarter. Centaurus Financial Inc. boosted its stake in shares of Newell Brands by 5.9% during the 2nd quarter. Centaurus Financial Inc. now owns 31,599 shares of the company’s stock worth $203,000 after acquiring an additional 1,762 shares during the period. Arizona State Retirement System increased its holdings in shares of Newell Brands by 2.1% during the 2nd 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 last quarter. Raymond James Trust N.A. raised its stake in Newell Brands by 9.9% in the 2nd quarter. Raymond James Trust N.A. now owns 27,541 shares of the company’s stock valued at $177,000 after acquiring an additional 2,490 shares during the period. Finally, GAMMA Investing LLC raised 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 acquiring an additional 3,142 shares during the period. 92.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Bradford R. Turner sold 20,000 shares of Newell Brands 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock was 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. Corporate insiders own 0.61% of the company’s stock.

Newell Brands Stock Up 0.9 %

NASDAQ NWL opened at $10.28 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. The company has a market cap of $4.28 billion, a price-to-earnings ratio of -17.13, a PEG ratio of 1.02 and a beta of 0.90. The company has a 50 day moving average of $9.50 and a 200-day moving average of $7.96. Newell Brands Inc. has a 1-year low of $5.39 and a 1-year high of $11.78.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $1.95 billion during 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 company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. On average, equities research analysts expect that Newell Brands Inc. will post 0.65 earnings per share for the current fiscal year.

Newell Brands Dividend Announcement

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

Analyst Ratings Changes

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

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.