James Investment Research Inc Lowers stake in Newell Rubbermaid (NWL)

Newell Rubbermaid (NWL) : James Investment Research Inc reduced its stake in Newell Rubbermaid by 2.48% during the most recent quarter end. The investment management company now holds a total of 1,204,141 shares of Newell Rubbermaid which is valued at $58,172,052 after selling 30,600 shares in Newell Rubbermaid , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Newell Rubbermaid makes up approximately 1.44% of James Investment Research Inc’s portfolio.

Other Hedge Funds, Including , Ferguson Wellman Capital Management Inc reduced its stake in NWL by selling 245,258 shares or 77.95% in the most recent quarter. The Hedge Fund company now holds 69,360 shares of NWL which is valued at $3,350,782. Newell Rubbermaid makes up approx 0.14% of Ferguson Wellman Capital Management Inc’s portfolio. Community Bank N.a. sold out all of its stake in NWL during the most recent quarter. The investment firm sold 250 shares of NWL which is valued $12,078.Gradient Investments boosted its stake in NWL in the latest quarter, The investment management firm added 176 additional shares and now holds a total of 276 shares of Newell Rubbermaid which is valued at $13,334.Gateway Investment Advisers reduced its stake in NWL by selling 161,106 shares or 19.39% in the most recent quarter. The Hedge Fund company now holds 669,699 shares of NWL which is valued at $32,795,160. Newell Rubbermaid makes up approx 0.27% of Gateway Investment Advisers’s portfolio.

Newell Rubbermaid closed down -0.38 points or -0.78% at $48.31 with 28,53,368 shares getting traded on Monday. Post opening the session at $48.61, the shares hit an intraday low of $48.13 and an intraday high of $48.84 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Newell Rubbermaid reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.38. The company had revenue of $1314.90 million for the quarter, compared to analysts expectations of $1295.34 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on Newell Rubbermaid. Company shares were Reiterated by Deutsche Bank on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $50 .Company shares were Reiterated by B. Riley & Co. on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 54 from a previous price target of $50 .Company shares were Reiterated by UBS on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $54 .

Newell Rubbermaid Inc. is a marketer of consumer and commercial products. The Company operates in five segments: Writing which designs manufactures or sources and distributes writing instruments and labeling solutions primarily for use in business and the home; Home Solutions which designs manufactures or sources and distributes a range of consumer products under various brand names; Tools which designs manufactures or sources and distributes hand tools and power tool accessories industrial bandsaw blades tools and industrial-labeling solutions; Commercial Products which designs manufactures or sources and distributes cleaning and refuse products hygiene systems material handling solutions and medical and computer carts and Baby & Parenting which designs and distributes infant and juvenile products. Its products are marketed under a portfolio of various brands including Sharpie Paper Mate Parker Calphalon Irwin Lenox Elmer’s Graco Aprica and Baby Jogger.

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