ARGA Investment Management LP Buys 383,662 Shares of Newell Brands Inc. (NASDAQ:NWL)

ARGA Investment Management LP increased its stake in Newell Brands Inc. (NASDAQ:NWL) by 45.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,236,168 shares of the company’s stock after acquiring an additional 383,662 shares during the period. Newell Brands comprises approximately 0.4% of ARGA Investment Management LP’s portfolio, making the stock its 26th largest position. ARGA Investment Management LP owned about 0.30% of Newell Brands worth $12,312,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in NWL. Millennium Management LLC raised its stake in shares of Newell Brands by 65.9% during the second quarter. Millennium Management LLC now owns 924,973 shares of the company’s stock worth $5,929,000 after acquiring an additional 367,481 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Newell Brands in the 2nd quarter worth $116,000. Handelsbanken Fonder AB lifted its stake in Newell Brands by 35.6% in the third quarter. Handelsbanken Fonder AB now owns 101,300 shares of the company’s stock worth $778,000 after purchasing an additional 26,600 shares during the last quarter. GAMMA Investing LLC boosted its position in Newell Brands by 26.5% during the third quarter. GAMMA Investing LLC now owns 15,002 shares of the company’s stock valued at $115,000 after buying an additional 3,142 shares during the period. Finally, Atomi Financial Group Inc. bought a new position in shares of Newell Brands during the third quarter valued at about $79,000. Institutional investors own 92.50% of the company’s stock.

Newell Brands Stock Up 1.0 %

NASDAQ:NWL opened at $9.69 on Wednesday. Newell Brands Inc. has a 12 month low of $5.39 and a 12 month high of $11.78. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43. The company has a 50-day moving average price of $10.19 and a 200-day moving average price of $8.64.

Newell Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders 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 2.89%. Newell Brands’s payout ratio is -46.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their target price on Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Barclays boosted their price objective on Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Truist Financial upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and raised their target price for the stock from $10.00 to $17.00 in a report on Monday, December 9th. Wells Fargo & Company upped their price target on shares of Newell Brands from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.70.

Insiders Place Their Bets

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $10.31, for a total transaction of $240,666.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.61% of the company’s stock.

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.