Patten Group Position in Newell Brands (NWL) Has Decreased as Valuation Declined; As Monsanto Company (MON) Valuation Rose, Hendley & Co Has Raised Its Stake

April 22, 2018 - By Adrian Erickson

Patten Group Inc decreased its stake in Newell Brands Inc (NWL) by 82.7% based on its latest 2017Q4 regulatory filing with the SEC. Patten Group Inc sold 33,081 shares as the company’s stock declined 17.87% with the market. The institutional investor held 6,919 shares of the plastic products company at the end of 2017Q4, valued at $214,000, down from 40,000 at the end of the previous reported quarter. Patten Group Inc who had been investing in Newell Brands Inc for a number of months, seems to be less bullish one the $12.84 billion market cap company. The stock decreased 0.90% or $0.24 during the last trading session, reaching $26.44. About 2.76M shares traded. Newell Brands Inc. (NYSE:NWL) has declined 47.20% since April 22, 2017 and is downtrending. It has underperformed by 58.75% the S&P500.

Hendley & Co Inc increased its stake in Monsanto Company (MON) by 9.54% based on its latest 2017Q4 regulatory filing with the SEC. Hendley & Co Inc bought 2,844 shares as the company’s stock rose 1.12% while stock markets declined. The institutional investor held 32,656 shares of the agricultural chemicals company at the end of 2017Q4, valued at $3.81 million, up from 29,812 at the end of the previous reported quarter. Hendley & Co Inc who had been investing in Monsanto Company for a number of months, seems to be bullish on the $55.16 billion market cap company. The stock increased 0.32% or $0.4 during the last trading session, reaching $125. About 3.71M shares traded. Monsanto Company (NYSE:MON) has risen 3.06% since April 22, 2017 and is uptrending. It has underperformed by 8.49% the S&P500.

Among 20 analysts covering Newell Rubbermaid Inc. (NYSE:NWL), 9 have Buy rating, 0 Sell and 11 Hold. Therefore 45% are positive. Newell Rubbermaid Inc. had 65 analyst reports since August 4, 2015 according to SRatingsIntel. Jefferies maintained Newell Brands Inc. (NYSE:NWL) rating on Monday, August 7. Jefferies has “Buy” rating and $65 target. Jefferies downgraded the stock to “Hold” rating in Monday, September 11 report. The company was maintained on Sunday, November 5 by Forward View Consulting. As per Thursday, January 25, the company rating was downgraded by Morgan Stanley. As per Wednesday, December 16, the company rating was upgraded by RBC Capital Markets. Gabelli initiated Newell Brands Inc. (NYSE:NWL) on Monday, February 8 with “Buy” rating. The rating was downgraded by Wells Fargo on Monday, May 1 to “Market Perform”. As per Monday, October 16, the company rating was maintained by KeyBanc Capital Markets. The company was downgraded on Tuesday, December 15 by Raymond James. Wells Fargo upgraded the shares of NWL in report on Monday, April 16 to “Buy” rating.

Analysts await Newell Brands Inc. (NYSE:NWL) to report earnings on May, 14. They expect $0.27 earnings per share, down 20.59% or $0.07 from last year’s $0.34 per share. NWL’s profit will be $131.13M for 24.48 P/E if the $0.27 EPS becomes a reality. After $0.68 actual earnings per share reported by Newell Brands Inc. for the previous quarter, Wall Street now forecasts -60.29% negative EPS growth.

Patten Group Inc, which manages about $252.47 million US Long portfolio, upped its stake in Westinghouse Air Brake Technologies Corp (NYSE:WAB) by 4,404 shares to 5,195 shares, valued at $423,000 in 2017Q4, according to the filing. It also increased its holding in Unum Group (NYSE:UNM) by 13,582 shares in the quarter, for a total of 41,099 shares, and has risen its stake in Walgreen Boots Alliance Inc Com.

Investors sentiment decreased to 0.72 in Q4 2017. Its down 0.39, from 1.11 in 2017Q3. It fall, as 122 investors sold NWL shares while 201 reduced holdings. 75 funds opened positions while 158 raised stakes. 431.52 million shares or 2.56% less from 442.84 million shares in 2017Q3 were reported. Moreover, Fincl Bank Of America De has 0.01% invested in Newell Brands Inc. (NYSE:NWL) for 2.47 million shares. 10.70M were reported by Jpmorgan Chase And Company. Brown Advisory invested in 31,678 shares or 0% of the stock. Bartlett And Ltd Liability Co reported 0% stake. 373,085 were reported by Great West Life Assurance Can. Pennsylvania Trust holds 0.02% in Newell Brands Inc. (NYSE:NWL) or 15,350 shares. Tarbox Family Office accumulated 64 shares or 0% of the stock. 156,310 were reported by First Eagle Inv Mngmt Limited Liability. 1,000 are held by Department Mb Fin Bancorporation N A. Fund Mgmt has 0.06% invested in Newell Brands Inc. (NYSE:NWL). City Hldg Co holds 0% or 157 shares in its portfolio. Millennium Management Lc invested 0% of its portfolio in Newell Brands Inc. (NYSE:NWL). Clearbridge Invests Llc holds 0% or 2,707 shares. Louisiana State Employees Retirement stated it has 29,700 shares. Pictet Asset Mgmt has 0.02% invested in Newell Brands Inc. (NYSE:NWL).

Among 23 analysts covering Monsanto Company (NYSE:MON), 10 have Buy rating, 1 Sell and 12 Hold. Therefore 43% are positive. Monsanto Company had 63 analyst reports since August 25, 2015 according to SRatingsIntel. On Friday, August 19 the stock rating was maintained by Citigroup with “Neutral”. Citigroup maintained it with “Neutral” rating and $116 target in Monday, August 22 report. Wells Fargo maintained Monsanto Company (NYSE:MON) on Tuesday, October 10 with “Market Perform” rating. RBC Capital Markets initiated Monsanto Company (NYSE:MON) rating on Thursday, February 23. RBC Capital Markets has “Sector Perform” rating and $118 target. RBC Capital Markets maintained the shares of MON in report on Tuesday, September 5 with “Hold” rating. The stock has “Hold” rating by Jefferies on Monday, August 14. The rating was maintained by Jefferies on Friday, September 15 with “Hold”. The company was maintained on Monday, November 13 by RBC Capital Markets. Citigroup downgraded Monsanto Company (NYSE:MON) rating on Monday, March 14. Citigroup has “Hold” rating and $95 target. The company was maintained on Thursday, October 8 by Deutsche Bank.

Investors sentiment decreased to 0.81 in 2017 Q4. Its down 0.03, from 0.84 in 2017Q3. It dived, as 69 investors sold MON shares while 328 reduced holdings. 75 funds opened positions while 246 raised stakes. 317.44 million shares or 1.24% less from 321.42 million shares in 2017Q3 were reported. Voya Mgmt Llc reported 276,948 shares. Clearbridge Invs Ltd Liability invested 0.24% of its portfolio in Monsanto Company (NYSE:MON). Cambridge Advsrs Inc invested in 2,475 shares. Cqs Cayman Limited Partnership reported 165,500 shares or 1.22% of all its holdings. Clifford Swan Invest Counsel Llc accumulated 152,168 shares. Goodman Financial invested in 45 shares or 0% of the stock. Allen Inv Mngmt Lc invested 0.41% of its portfolio in Monsanto Company (NYSE:MON). Exxonmobil Inv Mngmt Tx holds 0.22% or 69,854 shares. State Board Of Administration Of Florida Retirement Sys holds 0.2% or 644,844 shares in its portfolio. Archford Strategies Limited Co holds 0.8% or 18,467 shares. Kentucky Retirement Insur Fund holds 0.23% or 11,667 shares. Reliance Of Delaware owns 6,083 shares for 0.11% of their portfolio. Arete Wealth Advsrs Ltd Co stated it has 0.08% of its portfolio in Monsanto Company (NYSE:MON). Whittier Tru Of Nevada Inc reported 3,998 shares. The Alabama-based Warren Averett Asset Management Limited Liability Corporation has invested 0.04% in Monsanto Company (NYSE:MON).

By1 Adrian Erickson