GW&K Investment Management LLC reduced its stake in shares of Newell Rubbermaid Inc. (NYSE:NWL) by 40.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 146,936 shares of the company’s stock after selling 101,594 shares during the period. GW&K Investment Management LLC’s holdings in Newell Rubbermaid were worth $7,137,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Seven Bridges Advisors LLC acquired a new position in Newell Rubbermaid during the second quarter valued at about $137,000. NN Investment Partners Holdings N.V. boosted its position in 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 valued at $151,000 after buying an additional 1,120 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in Newell Rubbermaid by 57.4% in the second quarter. Checchi Capital Advisers LLC now owns 3,609 shares of the company’s stock valued at $175,000 after buying an additional 1,316 shares during the last quarter. Independent Portfolio Consultants Inc. acquired a new position in Newell Rubbermaid during the second quarter valued at about $229,000. Finally, Gillespie Robinson & Grimm Inc. acquired a new position in Newell Rubbermaid during the second quarter valued at about $237,000. Hedge funds and other institutional investors own 93.12% of the company’s stock.
Shares of Newell Rubbermaid Inc. (NYSE:NWL) traded down 0.25% on Thursday, hitting $52.01. The company’s stock had a trading volume of 3,706,005 shares. Newell Rubbermaid Inc. has a 52 week low of $33.26 and a 52 week high of $55.45. The stock’s 50 day moving average is $52.79 and its 200-day moving average is $48.63. The company has a market cap of $25.08 billion, a price-to-earnings ratio of 50.45 and a beta of 1.27.
Newell Rubbermaid (NYSE:NWL) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. Newell Rubbermaid had a net margin of 3.91% and a return on equity of 18.55%. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the business earned $0.64 earnings per share. Newell Rubbermaid’s revenue was up 147.2% compared to the same quarter last year. On average, equities research analysts anticipate that Newell Rubbermaid Inc. will post $2.88 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a $0.19 dividend. The ex-dividend date was Monday, August 29th. This represents a $0.76 annualized dividend and a dividend yield of 1.46%. Newell Rubbermaid’s payout ratio is currently 76.00%.
Several equities analysts have issued reports on the company. Jefferies Group reiterated a “top pick” rating and set a $66.00 target price on shares of Newell Rubbermaid in a research report on Wednesday, September 14th. Zacks Investment Research cut Newell Rubbermaid from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Citigroup Inc. reiterated a “buy” rating and set a $61.00 target price on shares of Newell Rubbermaid in a research report on Tuesday, August 2nd. RBC Capital Markets reiterated a “buy” rating on shares of Newell Rubbermaid in a research report on Monday, August 1st. Finally, Deutsche Bank AG boosted their target price on Newell Rubbermaid from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $57.27.
About Newell Rubbermaid
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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