Bartlett & Co. LLC continued to hold its stake in shares of Newell Rubbermaid Inc. (NYSE:NWL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,050 shares of the company’s stock at the end of the second quarter. Bartlett & Co. LLC’s holdings in Newell Rubbermaid were worth $100,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in NWL. American Century Companies Inc. boosted its stake 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 valued at $278,262,000 after buying an additional 3,606,287 shares during the period. Wellington Management Group LLP boosted 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 period. Institutional Capital LLC bought a new stake in shares of Newell Rubbermaid during the first quarter valued at about $188,471,000. First Manhattan Co. boosted 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 period. Finally, Bessemer Group Inc. boosted its stake 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 valued at $121,252,000 after buying an additional 140,360 shares during the period. 93.12% of the stock is currently owned by institutional investors and hedge funds.
Newell Rubbermaid Inc. (NYSE:NWL) traded up 1.25% during trading on Friday, hitting $52.66. The company’s stock had a trading volume of 2,738,061 shares. The firm has a market cap of $25.39 billion, a PE ratio of 51.08 and a beta of 1.27. The company has a 50-day moving average of $52.74 and a 200 day moving average of $48.71. Newell Rubbermaid Inc. has a one year low of $33.26 and a one year high of $55.45.
Newell Rubbermaid (NYSE:NWL) last issued its earnings results 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 earned $3.86 billion during 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 company’s revenue was up 147.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 earnings per share. On average, equities analysts forecast that Newell Rubbermaid Inc. will post $2.88 earnings per share for the current year.
The company also recently announced 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. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.44%. Newell Rubbermaid’s payout ratio is currently 76.00%.
Several analysts have issued reports on NWL shares. Deutsche Bank AG increased their target price on Newell Rubbermaid from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Jefferies Group reaffirmed a “top pick” rating and set a $66.00 target price on shares of Newell Rubbermaid in a research report on Wednesday, September 14th. Zacks Investment Research cut Newell Rubbermaid from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Citigroup Inc. reaffirmed a “buy” rating and set a $61.00 target price on shares of Newell Rubbermaid in a research report on Tuesday, August 2nd. Finally, B. Riley reaffirmed a “buy” rating and set a $60.00 target price on shares of Newell Rubbermaid in a research report on Monday, August 1st. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $57.27.
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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