Omni Partners Llp adds Newell Rubbermaid (NWL) to its portfolio

Newell Rubbermaid (NWL) : Omni Partners Llp added new position in Newell Rubbermaid during the most recent quarter end. The investment management firm now holds 272,980 shares of Newell Rubbermaid which is valued at $14,983,872 , the company said in a statement filed on Aug 15, 2016 with the SEC.Newell Rubbermaid makes up approximately 9.70% of Omni Partners Llp’s portfolio.

Other Hedge Funds, Including , Westchester Capital Management boosted its stake in NWL in the latest quarter, The investment management firm added 419,587 additional shares and now holds a total of 2,523,161 shares of Newell Rubbermaid which is valued at $138,496,307. Newell Rubbermaid makes up approx 4.30% of Westchester Capital Management’s portfolio. Howard Hughes Medical Institute added NWL to its portfolio by purchasing 9,798 company shares during the most recent quarter which is valued at $524,291. Newell Rubbermaid makes up approx 0.17% of Howard Hughes Medical Institute’s portfolio.Plante Moran Financial Advisors boosted its stake in NWL in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 878 shares of Newell Rubbermaid which is valued at $46,982. Newell Rubbermaid makes up approx 0.03% of Plante Moran Financial Advisors’s portfolio.Headinvest boosted its stake in NWL in the latest quarter, The investment management firm added 9,644 additional shares and now holds a total of 44,160 shares of Newell Rubbermaid which is valued at $2,170,906. Newell Rubbermaid makes up approx 0.80% of Headinvest’s portfolio.

Newell Rubbermaid opened for trading at $52.84 and hit $53.25 on the upside on Thursday, eventually ending the session at $53.22, with a gain of 0.26% or 0.14 points. The heightened volatility saw the trading volume jump to 23,51,823 shares. Company has a market cap of $25,663 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.

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