Perella Weinberg Partners Capital Management Lp buys $2,744,280 stake in Newell Rubbermaid (NWL)

Newell Rubbermaid (NWL) : Perella Weinberg Partners Capital Management Lp scooped up 15,516 additional shares in Newell Rubbermaid during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 49,996 shares of Newell Rubbermaid which is valued at $2,744,280.Newell Rubbermaid makes up approximately 1.13% of Perella Weinberg Partners Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Voya Investment Management boosted its stake in NWL in the latest quarter, The investment management firm added 9,091 additional shares and now holds a total of 306,468 shares of Newell Rubbermaid which is valued at $16,822,029. Newell Rubbermaid makes up approx 0.04% of Voya Investment Management’s portfolio.Nuveen Asset Management reduced its stake in NWL by selling 54,827 shares or 38.13% in the most recent quarter. The Hedge Fund company now holds 88,946 shares of NWL which is valued at $4,882,246. Newell Rubbermaid makes up approx 0.03% of Nuveen Asset Management’s portfolio.Credit Suisse Ag reduced its stake in NWL by selling 153,753 shares or 14.55% in the most recent quarter. The Hedge Fund company now holds 902,726 shares of NWL which is valued at $49,550,630. Newell Rubbermaid makes up approx 0.06% of Credit Suisse Ag’s portfolio.Keybank National Associationoh boosted its stake in NWL in the latest quarter, The investment management firm added 51,262 additional shares and now holds a total of 139,824 shares of Newell Rubbermaid which is valued at $7,674,939. Newell Rubbermaid makes up approx 0.05% of Keybank National Associationoh’s portfolio.Aberdeen Asset Management Plcuk boosted its stake in NWL in the latest quarter, The investment management firm added 33,738 additional shares and now holds a total of 82,320 shares of Newell Rubbermaid which is valued at $4,404,943. Newell Rubbermaid makes up approx 0.02% of Aberdeen Asset Management Plcuk’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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