Klingenstein Fields Co buys $6,997,503 stake in Newell Rubbermaid (NWL)

Newell Rubbermaid (NWL) : Klingenstein Fields Co scooped up 124,920 additional shares in Newell Rubbermaid during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 130,770 shares of Newell Rubbermaid which is valued at $6,997,503.Newell Rubbermaid makes up approximately 0.32% of Klingenstein Fields Co’s portfolio.

Other Hedge Funds, Including , Boston Private Wealth boosted its stake in NWL in the latest quarter, The investment management firm added 1,273 additional shares and now holds a total of 35,574 shares of Newell Rubbermaid which is valued at $1,903,565. Newell Rubbermaid makes up approx 0.08% of Boston Private Wealth’s portfolio.Tocqueville Asset Management reduced its stake in NWL by selling 1,459 shares or 17.17% in the most recent quarter. The Hedge Fund company now holds 7,040 shares of NWL which is valued at $369,318.Cibc World Markets boosted its stake in NWL in the latest quarter, The investment management firm added 76,529 additional shares and now holds a total of 120,191 shares of Newell Rubbermaid which is valued at $5,886,955. Newell Rubbermaid makes up approx 0.03% of Cibc World Markets’s portfolio.Mcqueen Ball Associates reduced its stake in NWL by selling 1 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 6,323 shares of NWL which is valued at $309,701. Newell Rubbermaid makes up approx 0.21% of Mcqueen Ball Associates’s portfolio.Dnb Asset Management As boosted its stake in NWL in the latest quarter, The investment management firm added 1,244 additional shares and now holds a total of 50,153 shares of Newell Rubbermaid which is valued at $2,450,476. Newell Rubbermaid makes up approx 0.05% of Dnb Asset Management As’s portfolio.

Newell Rubbermaid closed down -0.23 points or -0.43% at $53.28 with 25,37,762 shares getting traded on Thursday. Post opening the session at $53.51, the shares hit an intraday low of $53.25 and an intraday high of $53.78 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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