Vigilant Capital Management Lowers stake in Newell Rubbermaid (NWL)

Newell Rubbermaid (NWL) : Vigilant Capital Management reduced its stake in Newell Rubbermaid by 0.93% during the most recent quarter end. The investment management company now holds a total of 64,113 shares of Newell Rubbermaid which is valued at $3,349,904 after selling 600 shares in Newell Rubbermaid , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Newell Rubbermaid makes up approximately 0.60% of Vigilant Capital Management’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in NWL in the latest quarter, The investment management firm added 2,096 additional shares and now holds a total of 5,459 shares of Newell Rubbermaid which is valued at $285,233. Newell Rubbermaid makes up approx 0.03% of Reliance Trust Co Of Delaware’s portfolio.At Bancorp reduced its stake in NWL by selling 26,478 shares or 43.72% in the most recent quarter. The Hedge Fund company now holds 34,085 shares of NWL which is valued at $1,776,510. Newell Rubbermaid makes up approx 0.25% of At Bancorp’s portfolio.Community Trust Investment Co reduced its stake in NWL by selling 273 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 299,850 shares of NWL which is valued at $15,394,299. Newell Rubbermaid makes up approx 1.96% of Community Trust Investment Co’s portfolio.Advisory Services Network boosted its stake in NWL in the latest quarter, The investment management firm added 182 additional shares and now holds a total of 13,806 shares of Newell Rubbermaid which is valued at $716,669. Newell Rubbermaid makes up approx 0.14% of Advisory Services Network’s portfolio.

Newell Rubbermaid opened for trading at $52.44 and hit $52.92 on the upside on Friday, eventually ending the session at $52.25, with a gain of 0.25% or 0.13 points. The heightened volatility saw the trading volume jump to 28,89,146 shares. Company has a market cap of $25,195 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 .

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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