Pictet North America Advisors Sa Lowers stake in Newell Rubbermaid (NWL)

Newell Rubbermaid (NWL) : Pictet North America Advisors Sa reduced its stake in Newell Rubbermaid by 1.05% during the most recent quarter end. The investment management company now holds a total of 18,886 shares of Newell Rubbermaid which is valued at $1,036,653 after selling 201 shares in Newell Rubbermaid , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Newell Rubbermaid makes up approximately 0.23% of Pictet North America Advisors Sa’s portfolio.

Other Hedge Funds, Including , Massmutual Trust Co Fsbadv boosted its stake in NWL in the latest quarter, The investment management firm added 26,152 additional shares and now holds a total of 72,452 shares of Newell Rubbermaid which is valued at $3,976,890. Newell Rubbermaid makes up approx 0.48% of Massmutual Trust Co Fsbadv’s portfolio.Fukoku Mutual Life Insurance Co reduced its stake in NWL by selling 1,400 shares or 25.45% in the most recent quarter. The Hedge Fund company now holds 4,100 shares of NWL which is valued at $222,056. Newell Rubbermaid makes up approx 0.04% of Fukoku Mutual Life Insurance Co’s portfolio.Fny Managed Accounts reduced its stake in NWL by selling 24,636 shares or 82.43% in the most recent quarter. The Hedge Fund company now holds 5,250 shares of NWL which is valued at $258,090. Newell Rubbermaid makes up approx 0.25% of Fny Managed Accounts’s portfolio.Willingdon Wealth Management boosted its stake in NWL in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 23,577 shares of Newell Rubbermaid which is valued at $1,154,801. Newell Rubbermaid makes up approx 0.57% of Willingdon Wealth Management’s portfolio.

Newell Rubbermaid closed down -0.2 points or -0.37% at $53.8 with 70,09,982 shares getting traded on Friday. Post opening the session at $53.76, the shares hit an intraday low of $53.64 and an intraday high of $54.08 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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