Newell Brands Inc. (NASDAQ:NWL) Shares Sold by Argyle Capital Management LLC

Argyle Capital Management LLC reduced its holdings in Newell Brands Inc. (NASDAQ:NWL) by 14.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,600 shares of the company’s stock after selling 1,900 shares during the quarter. Argyle Capital Management LLC’s holdings in Newell Brands were worth $116,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new position in shares of Newell Brands in the 3rd quarter valued at $70,000. Claro Advisors LLC purchased a new position in shares of Newell Brands in the 3rd quarter worth $79,000. Versant Capital Management Inc boosted its holdings in Newell Brands by 24.8% in the fourth quarter. Versant Capital Management Inc now owns 8,376 shares of the company’s stock valued at $83,000 after acquiring an additional 1,666 shares during the last quarter. Optas LLC purchased a new stake in Newell Brands during the third quarter valued at about $85,000. Finally, Glenmede Trust Co. NA purchased a new stake in Newell Brands during the third quarter valued at about $92,000. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Newell Brands Price Performance

NWL opened at $6.37 on Friday. Newell Brands Inc. has a twelve month low of $5.39 and a twelve month high of $11.78. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 1.64. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of -12.25, a PEG ratio of 0.95 and a beta of 0.89. The company has a fifty day simple moving average of $9.11 and a 200 day simple moving average of $8.60.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Newell Brands had a positive return on equity of 9.76% and a negative net margin of 2.85%. During the same quarter last year, the business earned $0.22 EPS. Equities research analysts expect that Newell Brands Inc. will post 0.72 EPS for the current fiscal year.

Newell Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.40%. The ex-dividend date is Friday, February 28th. Newell Brands’s dividend payout ratio (DPR) is currently -53.85%.

Analyst Upgrades and Downgrades

NWL has been the subject of a number of research reports. Barclays boosted their target price on Newell Brands from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. UBS Group boosted their price objective on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Citigroup cut their target price on shares of Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Royal Bank of Canada decreased their price target on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. raised their price objective on Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.81.

Insider Activity

In other news, insider Tracy L. Platt sold 23,343 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $10.31, for a total value of $240,666.33. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.61% 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.