Newell Brands Inc (NWL) Position Increased by Patten Group Inc.

Patten Group Inc. increased its position in shares of Newell Brands Inc (NYSE:NWL) by 5,263.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,919 shares of the company’s stock after buying an additional 6,790 shares during the period. Patten Group Inc.’s holdings in Newell Brands were worth $214,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Wisconsin Investment Board boosted its holdings in shares of Newell Brands by 11.5% during the 3rd quarter. State of Wisconsin Investment Board now owns 447,404 shares of the company’s stock worth $19,091,000 after buying an additional 46,217 shares during the period. Skylands Capital LLC boosted its holdings in shares of Newell Brands by 165.3% during the 4th quarter. Skylands Capital LLC now owns 11,395 shares of the company’s stock worth $352,000 after buying an additional 7,100 shares during the period. Whittier Trust Co. boosted its holdings in shares of Newell Brands by 85.8% during the 3rd quarter. Whittier Trust Co. now owns 10,658 shares of the company’s stock worth $455,000 after buying an additional 4,921 shares during the period. AXA boosted its holdings in shares of Newell Brands by 22.6% during the 3rd quarter. AXA now owns 307,936 shares of the company’s stock worth $13,140,000 after buying an additional 56,694 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in shares of Newell Brands by 2.6% during the 3rd quarter. Macquarie Group Ltd. now owns 368,620 shares of the company’s stock worth $15,729,000 after buying an additional 9,394 shares during the period. 93.11% of the stock is owned by institutional investors and hedge funds.

In other Newell Brands news, CEO Michael B. Polk acquired 7,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was bought at an average price of $28.22 per share, for a total transaction of $197,540.00. Following the purchase, the chief executive officer now owns 616,296 shares in the company, valued at approximately $17,391,873.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.97% of the company’s stock.

Several research firms recently commented on NWL. ValuEngine cut shares of Newell Brands from a “buy” rating to a “hold” rating in a research note on Friday. Oppenheimer reiterated a “hold” rating on shares of Newell Brands in a research note on Tuesday, January 30th. SunTrust Banks reiterated a “buy” rating and set a $35.00 target price on shares of Newell Brands in a research note on Tuesday, January 30th. Zacks Investment Research cut shares of Newell Brands from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. Finally, KeyCorp reiterated a “buy” rating and set a $32.00 target price (down from $40.00) on shares of Newell Brands in a research note on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $40.06.

Newell Brands Inc (NYSE NWL) opened at $27.60 on Monday. Newell Brands Inc has a one year low of $23.85 and a one year high of $55.08. The stock has a market cap of $13,713.00, a price-to-earnings ratio of 9.75, a PEG ratio of 1.32 and a beta of 0.90. The company has a quick ratio of 0.86, a current ratio of 1.46 and a debt-to-equity ratio of 0.80.

Newell Brands declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 2nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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Newell Brands Company Profile

Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.

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Institutional Ownership by Quarter for Newell Brands (NYSE:NWL)

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