Quest Investment Management Incor adds Newell Rubbermaid (NWL) to its portfolio

Newell Rubbermaid (NWL) : Quest Investment Management Incor added new position in Newell Rubbermaid during the most recent quarter end. The investment management firm now holds 123,190 shares of Newell Rubbermaid which is valued at $5,729,567 , the company said in a statement filed on Nov 14, 2016 with the SEC.Newell Rubbermaid makes up approximately 0.80% of Quest Investment Management Incor’s portfolio.

Other Hedge Funds, Including , Clinton Group Inc boosted its stake in NWL in the latest quarter, The investment management firm added 4,517 additional shares and now holds a total of 27,552 shares of Newell Rubbermaid which is valued at $1,281,444. Newell Rubbermaid makes up approx 0.06% of Clinton Group Inc’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in NWL in the latest quarter, The investment management firm added 786,183 additional shares and now holds a total of 12,258,738 shares of Newell Rubbermaid which is valued at $602,639,560. Newell Rubbermaid makes up approx 0.10% of Blackrock Institutional Trust Company N.a.’s portfolio.Cibc World Markets boosted its stake in NWL in the latest quarter, The investment management firm added 15,591 additional shares and now holds a total of 135,782 shares of Newell Rubbermaid which is valued at $6,464,581. Newell Rubbermaid makes up approx 0.03% of Cibc World Markets’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in NWL in the latest quarter, The investment management firm added 1,219 additional shares and now holds a total of 34,786 shares of Newell Rubbermaid which is valued at $1,675,294. Newell Rubbermaid makes up approx 0.04% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.

Newell Rubbermaid closed down -0.82 points or -1.72% at $46.74 with 29,75,272 shares getting traded on Monday. Post opening the session at $47.56, the shares hit an intraday low of $46.505 and an intraday high of $47.75 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Newell Rubbermaid reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 28, 2016. Analyst had a consensus of $0.73. The company had revenue of $3954.60 million for the quarter, compared to analysts expectations of $4059.78 million. The company’s revenue was up 158.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Investors should note that on Nov 10, 2016, Newell Rubbermaid announced a cash dividend of $0.1900. The company’s management has announced Nov 28, 2016 as the ex-dividend date and fixed the record date on Nov 30, 2016. The payable date has been fixed on Dec 15, 2016.

Many Wall Street Analysts have commented on Newell Rubbermaid. Newell Rubbermaid was Resumed by Wells Fargo to “Outperform” on Nov 15, 2016. Newell Rubbermaid was Upgraded by Raymond James to ” Strong Buy” on Nov 8, 2016.

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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