Whittier Trust Co. boosted its position in Newell Rubbermaid Inc. (NYSE:NWL) by 44.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,197 shares of the company’s stock after buying an additional 1,610 shares during the period. Whittier Trust Co.’s holdings in Newell Rubbermaid were worth $253,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of NWL. American Century Companies Inc. increased its position in shares of Newell Rubbermaid by 169.9% in the second quarter. American Century Companies Inc. now owns 5,729,092 shares of the company’s stock worth $278,262,000 after buying an additional 3,606,287 shares during the last quarter. Wellington Management Group LLP increased its position 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 worth $247,395,000 after buying an additional 1,100,593 shares during the last quarter. First Manhattan Co. increased its position 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 worth $135,835,000 after buying an additional 2,690,434 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Newell Rubbermaid by 2.3% in the first quarter. Geode Capital Management LLC now owns 2,149,126 shares of the company’s stock worth $94,988,000 after buying an additional 47,310 shares during the last quarter. Finally, Prudential PLC increased its position in shares of Newell Rubbermaid by 0.7% in the first quarter. Prudential PLC now owns 1,894,900 shares of the company’s stock worth $83,925,000 after buying an additional 13,827 shares during the last quarter. 93.12% of the stock is owned by institutional investors.
Shares of Newell Rubbermaid Inc. (NYSE:NWL) traded up 0.25% during trading on Friday, reaching $52.25. The company’s stock had a trading volume of 2,889,146 shares. Newell Rubbermaid Inc. has a 52-week low of $33.26 and a 52-week high of $55.45. The company has a market cap of $25.19 billion, a PE ratio of 50.68 and a beta of 1.18. The firm’s 50-day moving average is $52.10 and its 200 day moving average is $49.25.
Newell Rubbermaid (NYSE:NWL) last released its quarterly earnings data on Friday, July 29th. The company reported $0.78 earnings per share (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%. The business’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 earned $0.64 earnings per share. On average, equities research analysts predict 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. 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 1.45%. Newell Rubbermaid’s dividend payout ratio is 76.00%.
NWL has been the topic of a number of research analyst reports. Deutsche Bank AG raised their target price on Newell Rubbermaid from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, August 1st. Jefferies Group reaffirmed a “top pick” rating and issued a $66.00 target price on shares of Newell Rubbermaid in a report on Wednesday, September 14th. Zacks Investment Research lowered Newell Rubbermaid from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Citigroup Inc. reaffirmed a “buy” rating and issued a $61.00 target price on shares of Newell Rubbermaid in a report on Tuesday, August 2nd. Finally, B. Riley reaffirmed a “buy” rating and issued a $60.00 target price on shares of Newell Rubbermaid in a report on Monday. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price 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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