Argyle Capital Management LLC Trims Stock Position in Newell Brands Inc. (NASDAQ:NWL)

Argyle Capital Management LLC trimmed its stake in shares of Newell Brands Inc. (NASDAQ:NWL) by 14.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of NWL. PFG Investments LLC boosted its holdings in shares of Newell Brands by 6.6% in the fourth quarter. PFG Investments LLC now owns 15,812 shares of the company’s stock valued at $157,000 after acquiring an additional 981 shares in the last quarter. TriaGen Wealth Management LLC lifted its position in Newell Brands by 1.7% in the fourth quarter. TriaGen Wealth Management LLC now owns 58,514 shares of the company’s stock valued at $583,000 after purchasing an additional 991 shares during the period. Optas LLC boosted its holdings in Newell Brands by 11.8% in the 4th quarter. Optas LLC now owns 12,397 shares of the company’s stock valued at $123,000 after purchasing an additional 1,306 shares in the last quarter. CIBC Asset Management Inc increased its position in Newell Brands by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 39,590 shares of the company’s stock worth $304,000 after purchasing an additional 1,345 shares during the period. Finally, Accurate Wealth Management LLC raised its stake in shares of Newell Brands by 14.8% during the 4th quarter. Accurate Wealth Management LLC now owns 11,865 shares of the company’s stock worth $116,000 after buying an additional 1,531 shares in the last quarter. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NWL. Barclays lifted their price target on Newell Brands from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Royal Bank of Canada decreased their target price on shares of Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research report on Monday, February 10th. Canaccord Genuity Group cut their price target on shares of Newell Brands from $15.00 to $14.00 and set a “buy” rating for the company in a report on Monday, February 10th. Truist Financial raised shares of Newell Brands from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $10.00 to $17.00 in a report on Monday, December 9th. Finally, UBS Group upped their target price on shares of Newell Brands from $9.50 to $10.50 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Newell Brands currently has an average rating of “Hold” and a consensus price target of $10.81.

Insider Activity

In related news, insider Tracy L. Platt sold 23,343 shares of the business’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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.61% of the company’s stock.

Newell Brands Stock Performance

NASDAQ:NWL opened at $6.37 on Friday. 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 company has a market capitalization of $2.65 billion, a P/E ratio of -12.25, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. The firm has a 50-day moving average price of $9.11 and a two-hundred day moving average price of $8.60. Newell Brands Inc. has a twelve month low of $5.39 and a twelve month high of $11.78.

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

Newell Brands Dividend Announcement

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

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.