Calamos Wealth Management LLC purchased a new stake in shares of Newell Rubbermaid Inc. (NYSE:NWL) during the second quarter, Holdings Channel reports. The firm purchased 40,047 shares of the company’s stock, valued at approximately $1,945,000.
Other institutional investors have also made changes to their positions in the company. Seven Bridges Advisors LLC acquired a new position in shares of Newell Rubbermaid during the second quarter valued at approximately $137,000. NN Investment Partners Holdings N.V. raised its position in shares of Newell Rubbermaid by 56.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 3,101 shares of the company’s stock valued at $151,000 after buying an additional 1,120 shares during the period. Checchi Capital Advisers LLC raised its position in shares of Newell Rubbermaid by 57.4% in the second quarter. Checchi Capital Advisers LLC now owns 3,609 shares of the company’s stock valued at $175,000 after buying an additional 1,316 shares during the period. Independent Portfolio Consultants Inc. acquired a new position in shares of Newell Rubbermaid during the second quarter valued at approximately $229,000. Finally, Gillespie Robinson & Grimm Inc. acquired a new position in shares of Newell Rubbermaid during the second quarter valued at approximately $237,000. 93.12% of the stock is currently owned by institutional investors and hedge funds.
Newell Rubbermaid Inc. (NYSE:NWL) traded down 1.19% on Monday, hitting $51.35. The stock had a trading volume of 2,759,848 shares. The company’s 50 day moving average is $53.03 and its 200 day moving average is $48.29. Newell Rubbermaid Inc. has a 12-month low of $33.26 and a 12-month high of $55.45. The firm has a market cap of $24.76 billion, a PE ratio of 49.81 and a beta of 1.27.
Newell Rubbermaid (NYSE:NWL) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.06. Newell Rubbermaid had a return on equity of 18.55% and a net margin of 3.91%. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Newell Rubbermaid’s revenue for the quarter was up 147.2% compared to the same quarter last year. On average, equities research analysts expect that Newell Rubbermaid Inc. will post $2.88 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Monday, August 29th. Newell Rubbermaid’s dividend payout ratio (DPR) is presently 76.00%.
Several brokerages have recently commented on NWL. 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. Jefferies Group reissued a “top pick” rating and set a $66.00 target price (up previously from $61.00) on shares of Newell Rubbermaid in a research note on Monday, August 1st. RBC Capital Markets reissued a “buy” rating on shares of Newell Rubbermaid in a research note on Monday, August 1st. Zacks Investment Research raised Newell Rubbermaid from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Tuesday, July 5th. Finally, B. Riley reissued a “buy” rating and set a $60.00 target price on shares of Newell Rubbermaid in a research note on Monday, August 1st. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently 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.