Newell Brands Inc. (NASDAQ:NWL) Shares Acquired by ARGA Investment Management LP

ARGA Investment Management LP lifted its position in shares of Newell Brands Inc. (NASDAQ:NWL) by 24.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 852,506 shares of the company’s stock after purchasing an additional 164,799 shares during the quarter. ARGA Investment Management LP owned about 0.20% of Newell Brands worth $6,547,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc raised its position in Newell Brands by 3.5% in 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 during the period. Centaurus Financial Inc. lifted its position in 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 in the last quarter. Arizona State Retirement System lifted its position in 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 in the last quarter. Tidal Investments LLC boosted its holdings in Newell Brands by 3.0% in the 1st quarter. Tidal Investments LLC now owns 83,559 shares of the company’s stock worth $671,000 after acquiring an additional 2,407 shares during the period. Finally, Raymond James Trust N.A. grew 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 valued at $177,000 after acquiring an additional 2,490 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.

Newell Brands Price Performance

Newell Brands stock opened at $9.59 on Friday. Newell Brands Inc. has a 1 year low of $5.39 and a 1 year high of $9.72. The firm’s 50-day moving average is $8.31 and its 200-day moving average is $7.59. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99.

Newell Brands (NASDAQ:NWL) last issued its 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. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. Newell Brands’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the company posted $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 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 paid 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 yield of 2.92%. Newell Brands’s payout ratio is currently -46.67%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Barclays upgraded shares of Newell Brands from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $8.00 to $10.00 in a report on Wednesday, November 20th. JPMorgan Chase & Co. cut 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. Citigroup cut Newell Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 13th. Finally, Canaccord Genuity Group boosted their price target on Newell Brands from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. One 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’s stock. According to data from MarketBeat, Newell Brands has a consensus rating of “Hold” and an average target price of $9.10.

Insiders Place Their Bets

In other news, insider Bradford R. Turner sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the completion of the transaction, the insider now owns 230,254 shares in the company, valued at approximately $2,063,075.84. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.58% of the stock is owned by corporate insiders.

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.