Brown Advisory Inc. boosted its position in Newell Rubbermaid Inc. (NYSE:NWL) by 22.3% during the second quarter, Holdings Channel reports. The institutional investor owned 39,815 shares of the company’s stock after buying an additional 7,252 shares during the period. Brown Advisory Inc.’s holdings in Newell Rubbermaid were worth $1,934,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its position in shares of Newell Rubbermaid by 66.6% in the second quarter. Quadrant Capital Group LLC now owns 2,467 shares of the company’s stock worth $116,000 after buying an additional 986 shares in the last quarter. Seven Bridges Advisors LLC purchased a new position in shares of Newell Rubbermaid during the second quarter worth approximately $137,000. Parkside Financial Bank & Trust increased its position in shares of Newell Rubbermaid by 13.2% in the second quarter. Parkside Financial Bank & Trust now owns 2,837 shares of the company’s stock worth $138,000 after buying an additional 330 shares in the last quarter. FineMark National Bank & Trust purchased a new position in shares of Newell Rubbermaid during the second quarter worth approximately $146,000. Finally, NN Investment Partners Holdings N.V. increased its position in shares of Newell Rubbermaid by 56.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 3,101 shares of the company’s stock worth $151,000 after buying an additional 1,120 shares in the last quarter. Institutional investors and hedge funds own 93.12% of the company’s stock.
Shares of Newell Rubbermaid Inc. (NYSE:NWL) opened at 51.97 on Friday. The stock has a market cap of $25.06 billion, a price-to-earnings ratio of 50.41 and a beta of 1.27. The company has a 50-day moving average price of $53.03 and a 200-day moving average price of $48.29. Newell Rubbermaid Inc. has a 12 month low of $33.26 and a 12 month high of $55.45.
Newell Rubbermaid (NYSE:NWL) last announced its earnings results on Friday, July 29th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. Newell Rubbermaid had a return on equity of 18.55% and a net margin of 3.91%. The company earned $3.86 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the business posted $0.64 EPS. Newell Rubbermaid’s revenue for the quarter was up 147.2% on a year-over-year basis. On average, analysts expect that Newell Rubbermaid Inc. will post $2.88 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Monday, August 29th. Newell Rubbermaid’s dividend payout ratio (DPR) is 76.00%.
A number of brokerages have commented on NWL. B. Riley reiterated a “buy” rating and issued a $60.00 target price on shares of Newell Rubbermaid in a report on Monday, August 1st. Citigroup Inc. reiterated a “buy” rating and issued a $61.00 target price on shares of Newell Rubbermaid in a report on Tuesday, August 2nd. RBC Capital Markets reiterated a “buy” rating on shares of Newell Rubbermaid in a report on Monday, August 1st. Royal Bank Of Canada reiterated a “top pick” rating and issued a $60.00 target price on shares of Newell Rubbermaid in a report on Monday, August 1st. Finally, Deutsche Bank AG boosted their target price on shares of Newell Rubbermaid from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Newell Rubbermaid presently has an average rating of “Buy” and an average target price of $57.27.
Newell Rubbermaid Company Profile
Newell Brands Inc, formerly Newell Rubbermaid Inc, is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.
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