Strs Ohio reduced its position in Newell Rubbermaid Inc. (NYSE:NWL) by 26.7% during the second quarter, Holdings Channel reports. The institutional investor owned 22,627 shares of the company’s stock after selling 8,229 shares during the period. Strs Ohio’s holdings in Newell Rubbermaid were worth $1,098,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the company. First Merchants Corp bought a new position in shares of Newell Rubbermaid during the second quarter worth $408,000. RS Investment Management Co. LLC acquired a new stake in shares of Newell Rubbermaid during the second quarter valued at approximately $18,424,000. Pitcairn Co. acquired a new stake in shares of Newell Rubbermaid during the second quarter valued at approximately $1,104,000. Seven Bridges Advisors LLC acquired a new stake in shares of Newell Rubbermaid during the second quarter valued at approximately $137,000. Finally, Rehmann Capital Advisory Group boosted its stake in shares of Newell Rubbermaid by 8.7% in the second quarter. Rehmann Capital Advisory Group now owns 12,503 shares of the company’s stock valued at $607,000 after buying an additional 1,004 shares in 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 mid-day trading on Friday, hitting $52.25. 2,889,146 shares of the stock were exchanged. The stock’s 50 day moving average price is $52.06 and its 200-day moving average price is $49.31. Newell Rubbermaid Inc. has a 12-month low of $33.26 and a 12-month high of $55.45. The stock has a market capitalization of $25.19 billion, a P/E ratio of 50.68 and a beta of 1.18.
Newell Rubbermaid (NYSE:NWL) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The business earned $3.86 billion during the quarter, compared to analyst estimates of $3.76 billion. Newell Rubbermaid had a net margin of 3.91% and a return on equity of 18.55%. The firm’s quarterly revenue was up 147.2% on a year-over-year basis. During the same quarter last year, the business earned $0.64 EPS. On average, equities research analysts expect that Newell Rubbermaid Inc. will post $2.88 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Monday, August 29th. Newell Rubbermaid’s dividend payout ratio is presently 76.00%.
NWL has been the subject of several analyst reports. Zacks Investment Research cut shares of Newell Rubbermaid from a “buy” rating to a “hold” rating in a research report on Monday, June 20th. Jefferies Group reiterated a “buy” rating and set a $59.00 price target on shares of Newell Rubbermaid in a research report on Wednesday, June 29th. B. Riley reiterated a “buy” rating and set a $60.00 price target on shares of Newell Rubbermaid in a research report on Monday, August 1st. Royal Bank Of Canada reiterated a “top pick” rating and set a $60.00 price target on shares of Newell Rubbermaid in a research report on Monday, August 1st. Finally, Deutsche Bank AG lifted their price target 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 equities research 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’s stock. The company 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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