Huntington National Bank lessened its position in shares of Newell Brands Inc (NYSE:NWL) by 1.5% in the 4th quarter, HoldingsChannel reports. The fund owned 193,556 shares of the company’s stock after selling 2,938 shares during the period. Huntington National Bank’s holdings in Newell Brands were worth $5,981,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Public Employees Retirement Association of Colorado grew its holdings in Newell Brands by 5.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 89,491 shares of the company’s stock worth $2,765,000 after acquiring an additional 4,420 shares in the last quarter. Everence Capital Management Inc. grew its holdings in Newell Brands by 77.3% during the 4th quarter. Everence Capital Management Inc. now owns 20,496 shares of the company’s stock worth $633,000 after acquiring an additional 8,939 shares in the last quarter. CI Investments Inc. grew its holdings in Newell Brands by 14.0% during the 4th quarter. CI Investments Inc. now owns 1,976,706 shares of the company’s stock worth $61,080,000 after acquiring an additional 242,306 shares in the last quarter. CI Global Investments Inc. acquired a new position in Newell Brands during the 4th quarter worth approximately $16,300,000. Finally, Aperio Group LLC grew its holdings in Newell Brands by 18.3% during the 4th quarter. Aperio Group LLC now owns 238,454 shares of the company’s stock worth $7,368,000 after acquiring an additional 36,939 shares in the last quarter. Institutional investors own 93.11% of the company’s stock.

Several research firms have commented on NWL. BMO Capital Markets lowered their price target on shares of Newell Brands to $25.00 and set a “market perform” rating for the company in a report on Friday, January 26th. Morgan Stanley lowered their price target on shares of Newell Brands from $54.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, November 3rd. Zacks Investment Research cut shares of Newell Brands from a “hold” rating to a “sell” rating in a report on Monday, January 29th. TheStreet cut shares of Newell Brands from a “b-” rating to a “c+” rating in a report on Tuesday, November 14th. Finally, Bank of America cut shares of Newell Brands from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. Two research 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. The company currently has an average rating of “Hold” and an average price target of $40.06.

Shares of Newell Brands Inc (NYSE NWL) opened at $28.75 on Wednesday. The firm has a market cap of $12,801.41, a P/E ratio of 9.10, a PEG ratio of 1.23 and a beta of 0.90. The company has a current ratio of 1.46, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80. 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 authorized a stock repurchase program on Thursday, November 2nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

In related news, CEO Michael B. Polk acquired 7,000 shares of Newell Brands stock in a transaction dated Monday, November 20th. The stock was acquired at an average price of $28.22 per share, for a total transaction of $197,540.00. Following the transaction, the chief executive officer now owns 616,296 shares of the company’s stock, valued at $17,391,873.12. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.97% of the stock is currently owned by insiders.

WARNING: “Huntington National Bank Has $5.98 Million Holdings in Newell Brands Inc (NWL)” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/huntington-national-bank-has-5-98-million-holdings-in-newell-brands-inc-nwl/1850616.html.

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.

Want to see what other hedge funds are holding NWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newell Brands Inc (NYSE:NWL).

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

Receive News & Ratings for Newell Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands and related companies with MarketBeat.com's FREE daily email newsletter.