Crossmark Global Holdings Inc. Sells 30,555 Shares of Newell Brands Inc. (NASDAQ:NWL)

Crossmark Global Holdings Inc. lowered its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 26.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 85,993 shares of the company’s stock after selling 30,555 shares during the period. Crossmark Global Holdings Inc.’s holdings in Newell Brands were worth $661,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new position in shares of Newell Brands in the 2nd quarter worth $26,000. Gradient Investments LLC bought a new stake in shares of Newell Brands during the 2nd quarter valued at about $46,000. Quarry LP grew its stake in shares of Newell Brands by 104.4% during the 2nd quarter. Quarry LP now owns 7,941 shares of the company’s stock valued at $51,000 after purchasing an additional 4,056 shares during the period. Innealta Capital LLC purchased a new stake in shares of Newell Brands during the 2nd quarter valued at about $58,000. Finally, Empowered Funds LLC bought a new position in shares of Newell Brands in the 1st quarter worth approximately $80,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Canaccord Genuity Group boosted their target price on shares of Newell Brands from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Wells Fargo & Company upped their price objective on Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Citigroup downgraded Newell Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft upped their price target on Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. lowered their price objective on Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $8.90.

Newell Brands Stock Performance

NASDAQ:NWL opened at $8.80 on Friday. The stock has a 50-day moving average price of $7.94 and a 200 day moving average price of $7.51. The stock has a market capitalization of $3.66 billion, a P/E ratio of -14.67, a P/E/G ratio of 0.84 and a beta of 0.89. Newell Brands Inc. has a 12-month low of $5.39 and a 12-month high of $9.68. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the firm posted $0.39 EPS. The company’s revenue was down 2.6% on a year-over-year basis. Equities research analysts forecast that Newell Brands Inc. will post 0.65 EPS 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. Shareholders of record on Friday, November 29th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, November 29th. Newell Brands’s dividend payout ratio (DPR) is presently -46.67%.

Insider Activity

In other news, insider Bradford R. Turner sold 20,000 shares of the company’s 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.58% 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.