Newell Brands Inc (NYSE:NWL) Position Boosted by Skylands Capital LLC

Skylands Capital LLC grew its stake in Newell Brands Inc (NYSE:NWL) by 165.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,395 shares of the company’s stock after purchasing an additional 7,100 shares during the quarter. Skylands Capital LLC’s holdings in Newell Brands were worth $352,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NWL. Parkside Investments LLC acquired a new stake in shares of Newell Brands in the 3rd quarter valued at approximately $107,000. Harfst & Associates Inc. boosted its position in Newell Brands by 14.4% during the 2nd quarter. Harfst & Associates Inc. now owns 2,502 shares of the company’s stock worth $134,000 after buying an additional 315 shares during the period. BB&T Investment Services Inc. acquired a new stake in Newell Brands during the 2nd quarter worth approximately $143,000. Northwestern Mutual Wealth Management Co. boosted its position in Newell Brands by 52.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,164 shares of the company’s stock worth $169,000 after buying an additional 1,088 shares during the period. Finally, Sun Life Financial INC raised its holdings in Newell Brands by 29,358.3% during the 2nd quarter. Sun Life Financial INC now owns 3,535 shares of the company’s stock worth $190,000 after purchasing an additional 3,523 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Several research firms have issued reports on NWL. KeyCorp set a $60.00 price target on shares of Newell Brands and gave the stock a “buy” rating in a report on Monday, October 16th. Jefferies Group reiterated a “hold” rating and issued a $47.00 price objective on shares of Newell Brands in a research note on Thursday, October 19th. JPMorgan Chase & Co. lowered shares of Newell Brands from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $56.00 to $63.00 in a research note on Thursday, November 2nd. Oppenheimer reiterated a “hold” rating and issued a $42.00 price objective on shares of Newell Brands in a research note on Tuesday, October 31st. Finally, Zacks Investment Research downgraded shares of Newell Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. Newell Brands currently has an average rating of “Hold” and a consensus target price of $39.06.

Shares of Newell Brands Inc (NYSE NWL) traded down $0.30 on Friday, hitting $27.61. The stock had a trading volume of 23,307,330 shares, compared to its average volume of 11,150,000. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.46. The company has a market capitalization of $13,530.00, a PE ratio of 10.66, a PEG ratio of 1.39 and a beta of 0.89. Newell Brands Inc has a 12-month low of $23.85 and a 12-month high of $55.08.

Newell Brands announced that its Board of Directors has initiated a stock buyback program on Thursday, November 2nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

In related news, CEO Michael B. Polk acquired 7,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average cost of $28.22 per share, for a total transaction of $197,540.00. Following the completion of the transaction, the chief executive officer now owns 616,296 shares in the company, valued at $17,391,873.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.97% of the stock is currently owned by corporate insiders.

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About Newell Brands

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.

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

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