Argyle Capital Management Inc. continued to hold its stake in Newell Rubbermaid Inc. (NYSE:NWL) during the second quarter, Holdings Channel reports. The firm owned 20,000 shares of the company’s stock at the end of the second quarter. Argyle Capital Management Inc.’s holdings in Newell Rubbermaid were worth $971,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in 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. Institutional Capital LLC bought a new position in shares of Newell Rubbermaid during the first quarter worth $188,471,000. First Manhattan Co. raised 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 in the last quarter. Bessemer Group Inc. raised its position in shares of Newell Rubbermaid by 5.4% in the first quarter. Bessemer Group Inc. now owns 2,737,675 shares of the company’s stock worth $121,252,000 after buying an additional 140,360 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Newell Rubbermaid during the fourth quarter worth $102,230,000. 93.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of Newell Rubbermaid Inc. (NYSE:NWL) traded down 0.74% during mid-day trading on Friday, hitting $51.97. 2,482,659 shares of the stock were exchanged. Newell Rubbermaid Inc. has a one year low of $33.26 and a one year high of $55.45. The company has a 50-day moving average of $53.06 and a 200 day moving average of $48.20. The stock has a market cap of $25.06 billion, a PE ratio of 50.41 and a beta of 1.27.
Newell Rubbermaid (NYSE:NWL) last released its quarterly earnings data on Friday, July 29th. The company reported $0.78 EPS 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 the consensus estimate of $3.76 billion. Newell Rubbermaid had a net margin of 3.91% and a return on equity of 18.55%. The firm’s revenue was up 147.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 earnings per share. On average, equities analysts predict that Newell Rubbermaid Inc. will post $2.88 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Monday, August 29th. Newell Rubbermaid’s dividend payout ratio is currently 76.00%.
NWL has been the topic of a number of research reports. Zacks Investment Research lowered shares of Newell Rubbermaid from a “buy” rating to a “hold” rating in a research note on Monday, June 20th. Jefferies Group reaffirmed a “top pick” rating and issued a $66.00 price target on shares of Newell Rubbermaid in a research note on Wednesday, September 14th. Deutsche Bank AG raised their price target on shares of Newell Rubbermaid from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, August 1st. Royal Bank Of Canada reaffirmed a “top pick” rating and issued a $60.00 price target on shares of Newell Rubbermaid in a research note on Monday, August 1st. Finally, RBC Capital Markets reaffirmed a “buy” rating on shares of Newell Rubbermaid in a research note on Monday, August 1st. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Newell Rubbermaid has a consensus rating of “Buy” and an average target price 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.
Want to see what other hedge funds are holding NWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newell Rubbermaid Inc. (NYSE:NWL).
Receive News & Ratings for Newell Rubbermaid Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Rubbermaid Inc. and related companies with MarketBeat.com's FREE daily email newsletter.