ARGA Investment Management LP Purchases 164,799 Shares of Newell Brands Inc. (NASDAQ:NWL)

ARGA Investment Management LP boosted its position in shares of Newell Brands Inc. (NASDAQ:NWL - Free Report) by 24.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 852,506 shares of the company's stock after buying an additional 164,799 shares during the period. ARGA Investment Management LP owned approximately 0.20% of Newell Brands worth $6,547,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NWL. Victory Capital Management Inc. boosted its position in shares of Newell Brands by 5,324.8% during the 3rd quarter. Victory Capital Management Inc. now owns 4,724,266 shares of the company's stock valued at $36,282,000 after acquiring an additional 4,637,180 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Newell Brands by 29.2% during the second quarter. Dimensional Fund Advisors LP now owns 11,818,316 shares of the company's stock valued at $75,753,000 after purchasing an additional 2,668,384 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Newell Brands by 18.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,618,316 shares of the company's stock worth $127,629,000 after buying an additional 2,634,114 shares in the last quarter. Primecap Management Co. CA increased its holdings in shares of Newell Brands by 17.7% in the 2nd quarter. Primecap Management Co. CA now owns 14,049,064 shares of the company's stock worth $90,054,000 after buying an additional 2,109,892 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Newell Brands by 106.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,546,418 shares of the company's stock valued at $16,042,000 after buying an additional 1,314,514 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company's stock.

Newell Brands Trading Up 1.0 %

Shares of NASDAQ NWL traded up $0.10 during mid-day trading on Friday, reaching $9.59. The company had a trading volume of 2,440,266 shares, compared to its average volume of 4,820,898. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of -15.98, a price-to-earnings-growth ratio of 0.89 and a beta of 0.89. Newell Brands Inc. has a 52 week low of $5.39 and a 52 week high of $9.72. The business's 50-day moving average is $8.31 and its 200-day moving average is $7.58. 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 - Get Free Report) last issued its earnings results on Friday, October 25th. The company reported $0.16 EPS for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the firm earned $0.39 EPS. The company's revenue for the quarter was down 2.6% compared to the same quarter last year. Equities analysts expect that Newell Brands Inc. will post 0.66 earnings per share for the current year.

Newell Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Friday, November 29th. Newell Brands's dividend payout ratio (DPR) is presently -46.67%.

Wall Street Analyst Weigh In

Several research analysts recently commented on NWL shares. Wells Fargo & Company lifted their price target on Newell Brands from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. JPMorgan Chase & Co. dropped their target price on Newell Brands from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Friday, October 11th. Barclays upgraded Newell Brands from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $8.00 to $10.00 in a report on Wednesday, November 20th. Canaccord Genuity Group lifted their price objective on shares of Newell Brands from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Finally, Citigroup cut shares of Newell Brands from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $9.10.

Insiders Place Their Bets

In other news, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $8.96, for a total transaction of $179,200.00. Following the transaction, the insider now directly owns 230,254 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.58% of the company's stock.

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.