Newell Rubbermaid (NWL) : Gratus Capital reduced its stake in Newell Rubbermaid by 3.79% during the most recent quarter end. The investment management company now holds a total of 154,598 shares of Newell Rubbermaid which is valued at $8,272,539 after selling 6,088 shares in Newell Rubbermaid , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Newell Rubbermaid makes up approximately 1.21% of Gratus Capital’s portfolio.
Other Hedge Funds, Including , Sg Americas Securities reduced its stake in NWL by selling 792,821 shares or 93.72% in the most recent quarter. The Hedge Fund company now holds 53,119 shares of NWL which is valued at $2,842,398. Newell Rubbermaid makes up approx 0.02% of Sg Americas Securities’s portfolio. Hanlon Investment Management added NWL to its portfolio by purchasing 102,433 company shares during the most recent quarter which is valued at $5,481,190. Newell Rubbermaid makes up approx 0.47% of Hanlon Investment Management’s portfolio.Thompson Investment Management boosted its stake in NWL in the latest quarter, The investment management firm added 3,545 additional shares and now holds a total of 59,432 shares of Newell Rubbermaid which is valued at $3,180,206. Newell Rubbermaid makes up approx 0.63% of Thompson Investment Management’s portfolio.Nordea Investment Management Ab boosted its stake in NWL in the latest quarter, The investment management firm added 37,577 additional shares and now holds a total of 257,869 shares of Newell Rubbermaid which is valued at $12,591,743. Newell Rubbermaid makes up approx 0.04% of Nordea Investment Management Ab’s portfolio.
Newell Rubbermaid opened for trading at $54.09 and hit $54.41 on the upside on Monday, eventually ending the session at $54.16, with a gain of 0.76% or 0.41 points. The heightened volatility saw the trading volume jump to 37,80,782 shares. Company has a market cap of $14,526 M.
On the company’s financial health, Newell Rubbermaid reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.72. The company had revenue of $3858.90 million for the quarter, compared to analysts expectations of $3722.77 million. The company’s revenue was up 147.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.
Many Wall Street Analysts have commented on Newell Rubbermaid. Company shares were Reiterated by Deutsche Bank on Aug 1, 2016 to “Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $52 .
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.