Deltec Asset Management buys $3,568,328 stake in Newell Rubbermaid (NWL)

Newell Rubbermaid (NWL) : Deltec Asset Management scooped up 2,586 additional shares in Newell Rubbermaid during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 72,586 shares of Newell Rubbermaid which is valued at $3,568,328.Newell Rubbermaid makes up approximately 0.86% of Deltec Asset Management’s portfolio.

Other Hedge Funds, Including , Conning boosted its stake in NWL in the latest quarter, The investment management firm added 2,570 additional shares and now holds a total of 9,006 shares of Newell Rubbermaid which is valued at $442,735. Newell Rubbermaid makes up approx 0.02% of Conning’s portfolio.Pitcairn Co boosted its stake in NWL in the latest quarter, The investment management firm added 11,731 additional shares and now holds a total of 22,728 shares of Newell Rubbermaid which is valued at $1,117,308. Newell Rubbermaid makes up approx 0.14% of Pitcairn Co’s portfolio.Sadoff Investment Management reduced its stake in NWL by selling 13,100 shares or 1.44% in the most recent quarter. The Hedge Fund company now holds 895,903 shares of NWL which is valued at $43,881,329. Newell Rubbermaid makes up approx 4.97% of Sadoff Investment Management’s portfolio.Carroll Financial Associates boosted its stake in NWL in the latest quarter, The investment management firm added 160 additional shares and now holds a total of 5,160 shares of Newell Rubbermaid which is valued at $251,963. Newell Rubbermaid makes up approx 0.04% of Carroll Financial Associates’s portfolio.Gateway Investment Advisers reduced its stake in NWL by selling 161,106 shares or 19.39% in the most recent quarter. The Hedge Fund company now holds 669,699 shares of NWL which is valued at $32,795,160. Newell Rubbermaid makes up approx 0.27% of Gateway Investment Advisers’s portfolio.

Newell Rubbermaid opened for trading at $51.82 and hit $53.75 on the upside on Friday, eventually ending the session at $52.46, with a gain of 6.22% or 3.07 points. The heightened volatility saw the trading volume jump to 1,15,12,660 shares. Company has a market cap of $14,070 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 .Company shares were Reiterated by Deutsche Bank on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $50 .Company shares were Reiterated by B. Riley & Co. on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 54 from a previous price target of $50 .

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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