Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Newell Rubbermaid from a buy rating to a hold rating in a report on Thursday, August 4th. B. Riley reiterated a buy rating and issued a $60.00 target price on shares of Newell Rubbermaid in a research 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 research 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 research report on Tuesday, August 2nd. Finally, Deutsche Bank AG lifted their target price on shares of Newell Rubbermaid from $52.00 to $60.00 and gave the stock a buy rating in a research report on Monday, August 1st. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $57.27.
Newell Rubbermaid (NYSE:NWL) traded up 1.69% during trading on Tuesday, hitting $52.47. 1,078,902 shares of the stock were exchanged. Newell Rubbermaid has a 52 week low of $33.26 and a 52 week high of $55.45. The stock has a market cap of $25.30 billion, a P/E ratio of 50.89 and a beta of 1.18. The stock has a 50 day moving average of $52.57 and a 200-day moving average of $48.95.
Newell Rubbermaid (NYSE:NWL) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 earned $3.86 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the firm posted $0.64 EPS. The firm’s revenue was up 147.2% compared to the same quarter last year. Equities analysts expect that Newell Rubbermaid 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 dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Monday, August 29th. Newell Rubbermaid’s payout ratio is currently 76.00%.
Large investors have recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in Newell Rubbermaid by 66.6% in the second quarter. Quadrant Capital Group LLC now owns 2,467 shares of the company’s stock valued at $116,000 after buying an additional 986 shares during the last quarter. Seven Bridges Advisors LLC acquired a new stake in Newell Rubbermaid during the second quarter valued at approximately $137,000. Parkside Financial Bank & Trust raised its stake in Newell Rubbermaid by 13.2% in the second quarter. Parkside Financial Bank & Trust now owns 2,837 shares of the company’s stock valued at $138,000 after buying an additional 330 shares during the last quarter. FineMark National Bank & Trust acquired a new stake in Newell Rubbermaid during the second quarter valued at approximately $146,000. Finally, NN Investment Partners Holdings N.V. raised its stake 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. 93.12% of the stock is currently owned by institutional investors and hedge funds.
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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