Ariel Capital Advisors LLC acquired a new stake in Newell Rubbermaid Inc. (NYSE:NWL) during the second quarter, Holdings Channel reports. The institutional investor acquired 6,000 shares of the company’s stock, valued at approximately $291,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Deprince Race & Zollo Inc. increased its position in Newell Rubbermaid by 25.0% in the second quarter. Deprince Race & Zollo Inc. now owns 7,500 shares of the company’s stock valued at $364,000 after buying an additional 1,500 shares in the last quarter. ING Groep NV increased its position in Newell Rubbermaid by 163.2% in the second quarter. ING Groep NV now owns 16,105 shares of the company’s stock valued at $782,000 after buying an additional 9,985 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in Newell Rubbermaid by 49.6% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 14,498 shares of the company’s stock valued at $704,000 after buying an additional 4,810 shares in the last quarter. Willow Creek Wealth Management Inc. purchased a new position in Newell Rubbermaid during the second quarter valued at about $1,524,000. Finally, Chase Investment Counsel Corp purchased a new position in Newell Rubbermaid during the second quarter valued at about $3,992,000. 93.12% of the stock is currently owned by hedge funds and other institutional investors.
Newell Rubbermaid Inc. (NYSE:NWL) traded up 1.25% during trading on Friday, reaching $52.66. The company’s stock had a trading volume of 2,738,061 shares. Newell Rubbermaid Inc. has a 12 month low of $33.26 and a 12 month 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 $25.39 billion, a P/E ratio of 51.08 and a beta of 1.27.
Newell Rubbermaid (NYSE:NWL) last posted its earnings results on Friday, July 29th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Newell Rubbermaid had a net margin of 3.91% and a return on equity of 18.55%. The company’s revenue was up 147.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. On average, equities analysts forecast that Newell Rubbermaid Inc. will post $2.88 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors 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 1.44%. Newell Rubbermaid’s dividend payout ratio is 76.00%.
Several research firms have issued reports on NWL. Jefferies Group reaffirmed a “top pick” rating and set a $66.00 price objective on shares of Newell Rubbermaid in a report on Wednesday, September 14th. Zacks Investment Research downgraded Newell Rubbermaid from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Citigroup Inc. reissued a “buy” rating and issued a $61.00 price target on shares of Newell Rubbermaid in a research note on Tuesday, August 2nd. RBC Capital Markets reissued a “buy” rating on shares of Newell Rubbermaid in a research note on Monday, August 1st. Finally, Deutsche Bank AG increased their price target on Newell Rubbermaid from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, August 1st. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target 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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