Headinvest buys $2,170,906 stake in Newell Rubbermaid (NWL)

Newell Rubbermaid (NWL) : Headinvest scooped up 9,644 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 44,160 shares of Newell Rubbermaid which is valued at $2,170,906.Newell Rubbermaid makes up approximately 0.80% of Headinvest’s portfolio.

Other Hedge Funds, Including , Tufton Capital Management reduced its stake in NWL by selling 4,110 shares or 3.36% in the most recent quarter. The Hedge Fund company now holds 118,354 shares of NWL which is valued at $5,818,283. Newell Rubbermaid makes up approx 1.16% of Tufton Capital Management’s portfolio.Robeco Institutional Asset Management B.v. boosted its stake in NWL in the latest quarter, The investment management firm added 22,615 additional shares and now holds a total of 35,805 shares of Newell Rubbermaid which is valued at $1,753,729. Newell Rubbermaid makes up approx 0.01% of Robeco Institutional Asset Management B.v.’s portfolio. Sphinx Trading Lp sold out all of its stake in NWL during the most recent quarter. The investment firm sold 1,724 shares of NWL which is valued $84,442.Gw&k Investment Management reduced its stake in NWL by selling 101,594 shares or 40.88% in the most recent quarter. The Hedge Fund company now holds 146,936 shares of NWL which is valued at $7,195,456. Newell Rubbermaid makes up approx 0.15% of Gw&k Investment Management’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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