Banced Corp adds Newell Rubbermaid (NWL) to its portfolio

Newell Rubbermaid (NWL) : Banced Corp added new position in Newell Rubbermaid during the most recent quarter end. The investment management firm now holds 12,612 shares of Newell Rubbermaid which is valued at $634,888 , the company said in a statement filed on Oct 12, 2016 with the SEC.Newell Rubbermaid makes up approximately 1.26% of Banced Corp’s portfolio.

Other Hedge Funds, Including , First National Bank Of Omaha added NWL to its portfolio by purchasing 9,303 company shares during the most recent quarter which is valued at $468,313. Newell Rubbermaid makes up approx 0.04% of First National Bank Of Omaha’s portfolio.Raymond James Trust N.a. reduced its stake in NWL by selling 390 shares or 3.75% in the most recent quarter. The Hedge Fund company now holds 10,001 shares of NWL which is valued at $513,451. Newell Rubbermaid makes up approx 0.04% of Raymond James Trust N.a.’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in NWL in the latest quarter, The investment management firm added 4,911 additional shares and now holds a total of 123,123 shares of Newell Rubbermaid which is valued at $6,391,315. Newell Rubbermaid makes up approx 0.13% of Exxonmobil Investment Management Inc Tx’s portfolio.Washington Trust Bank boosted its stake in NWL in the latest quarter, The investment management firm added 141 additional shares and now holds a total of 598 shares of Newell Rubbermaid which is valued at $31,437. Newell Rubbermaid makes up approx 0.01% of Washington Trust Bank’s portfolio.

Newell Rubbermaid closed down -1 points or -1.95% at $50.34 with 51,47,615 shares getting traded on Tuesday. Post opening the session at $51.25, the shares hit an intraday low of $50.25 and an intraday high of $51.38 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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