Olstein Capital Management L.P. raised its stake in Newell Brands Inc (NYSE:NWL) by 74.1% during the 4th quarter, Holdings Channel reports. The firm owned 242,000 shares of the company’s stock after buying an additional 103,000 shares during the period. Olstein Capital Management L.P.’s holdings in Newell Brands were worth $7,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. Parkside Investments LLC bought a new stake in Newell Brands during the third quarter worth about $107,000. Cerebellum GP LLC acquired a new position in shares of Newell Brands in the fourth quarter valued at approximately $123,000. WINTON GROUP Ltd acquired a new position in shares of Newell Brands in the second quarter valued at approximately $202,000. Patten Group Inc. increased its stake in shares of Newell Brands by 5,263.6% in the fourth quarter. Patten Group Inc. now owns 6,919 shares of the company’s stock valued at $214,000 after buying an additional 6,790 shares during the period. Finally, Balter Liquid Alternatives LLC acquired a new position in shares of Newell Brands in the fourth quarter valued at approximately $215,000. Hedge funds and other institutional investors own 91.23% of the company’s stock.

Shares of Newell Brands Inc (NWL) opened at $26.60 on Wednesday. The company has a market cap of $13,379.73, a P/E ratio of 9.51, a PEG ratio of 1.29 and a beta of 0.90. Newell Brands Inc has a 52-week low of $23.85 and a 52-week high of $55.08. 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 declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 2nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication 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 bought at an average price of $28.22 per share, with a total value of $197,540.00. Following the transaction, the chief executive officer now directly owns 616,296 shares in the company, valued at approximately $17,391,873.12. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.97% of the company’s stock.

Several research analysts have recently issued reports on the company. Deutsche Bank assumed coverage on Newell Brands in a research note on Wednesday, December 13th. They issued a “hold” rating and a $32.00 price objective for the company. SunTrust Banks reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Newell Brands in a research note on Tuesday, January 30th. FIX reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Newell Brands in a research note on Thursday, February 8th. ValuEngine downgraded Newell Brands from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Morgan Stanley increased their target price on shares of Newell Brands from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. Newell Brands has a consensus rating of “Hold” and a consensus target price of $39.18.

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Newell Brands 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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