Savant Capital LLC increased its stake in shares of Newell Rubbermaid Inc. (NYSE:NWL) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,758 shares of the company’s stock after buying an additional 217 shares during the period. Savant Capital LLC’s holdings in Newell Rubbermaid were worth $231,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in Newell Rubbermaid by 169.9% in the second quarter. American Century Companies Inc. now owns 5,729,092 shares of the company’s stock valued at $278,262,000 after buying an additional 3,606,287 shares during the last quarter. First Manhattan Co. increased its stake in shares of Newell Rubbermaid by 2,531.7% in the second quarter. First Manhattan Co. now owns 2,796,704 shares of the company’s stock valued at $135,835,000 after buying an additional 2,690,434 shares during the last quarter. Brookside Capital Management LLC acquired a new stake in shares of Newell Rubbermaid during the first quarter valued at $70,988,000. Wellington Management Group LLP increased its stake in shares of Newell Rubbermaid by 24.5% in the first quarter. Wellington Management Group LLP now owns 5,585,781 shares of the company’s stock valued at $247,395,000 after buying an additional 1,100,593 shares during the last quarter. Finally, Calamos Advisors LLC acquired a new stake in shares of Newell Rubbermaid during the second quarter valued at $51,878,000. 93.12% of the stock is owned by institutional investors and hedge funds.
Newell Rubbermaid Inc. (NYSE:NWL) traded down 0.78% during mid-day trading on Friday, hitting $51.91. The stock had a trading volume of 2,903,602 shares. The stock has a market cap of $25.03 billion, a P/E ratio of 50.35 and a beta of 1.18. The firm has a 50-day moving average of $52.41 and a 200-day moving average of $49.06. Newell Rubbermaid Inc. has a 52-week low of $33.26 and a 52-week high of $55.45.
Newell Rubbermaid (NYSE:NWL) last posted its 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. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.76 billion. Newell Rubbermaid had a return on equity of 18.55% and a net margin of 3.91%. Newell Rubbermaid’s revenue for the quarter was up 147.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 earnings per share. On average, analysts forecast that Newell Rubbermaid Inc. will post $2.88 EPS for the current fiscal year.
The business also recently disclosed 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 of this dividend was Monday, August 29th. This represents a $0.76 annualized dividend and a yield of 1.46%. Newell Rubbermaid’s dividend payout ratio is presently 76.00%.
Several equities research analysts have recently weighed in on the company. B. Riley reiterated a “buy” rating and issued a $60.00 price target on shares of Newell Rubbermaid in a report on Monday, August 1st. Zacks Investment Research downgraded Newell Rubbermaid from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Royal Bank Of Canada reiterated a “top pick” rating and issued a $60.00 price target on shares of Newell Rubbermaid in a report on Monday, August 1st. Citigroup Inc. reiterated a “buy” rating and issued a $61.00 price target on shares of Newell Rubbermaid in a report on Tuesday, August 2nd. Finally, Jefferies Group reiterated a “buy” rating and issued a $59.00 price target on shares of Newell Rubbermaid in a report on Wednesday, June 29th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $57.50.
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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