Conning Inc. raised its position in Newell Rubbermaid Inc. (NYSE:NWL) by 39.9% during the second quarter, Holdings Channel reports. The fund owned 9,006 shares of the company’s stock after buying an additional 2,570 shares during the period. Conning Inc.’s holdings in Newell Rubbermaid were worth $437,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC World Markets Inc. increased its position in Newell Rubbermaid by 5.5% in the first quarter. CIBC World Markets Inc. now owns 33,055 shares of the company’s stock worth $1,464,000 after buying an additional 1,716 shares during the last quarter. RS Investment Management Co. LLC purchased a new stake in shares of Newell Rubbermaid during the second quarter valued at $18,424,000. Geode Capital Management LLC increased its stake 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 valued at $94,988,000 after buying an additional 47,310 shares in the last quarter. Wellington Management Group LLP increased 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 in the last quarter. Finally, First Merchants Corp purchased a new stake in shares of Newell Rubbermaid during the second quarter valued at $408,000. Institutional investors own 93.12% of the company’s stock.
Shares of Newell Rubbermaid Inc. (NYSE:NWL) traded up 1.25% during trading on Friday, hitting $52.66. 2,738,061 shares of the stock traded hands. Newell Rubbermaid Inc. has a 1-year low of $33.26 and a 1-year high of $55.45. The company 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 (NYSE:NWL) last announced its quarterly earnings results 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. The firm had revenue of $3.86 billion for 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 business’s revenue for the quarter was up 147.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 EPS. On average, equities analysts anticipate that Newell Rubbermaid Inc. will post $2.88 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Monday, August 29th. Newell Rubbermaid’s dividend payout ratio (DPR) is presently 76.00%.
Several analysts recently weighed in on NWL shares. Jefferies Group reiterated a “top pick” rating and issued a $66.00 price objective on shares of Newell Rubbermaid in a research report on Wednesday, September 14th. RBC Capital Markets reiterated a “buy” rating on shares of Newell Rubbermaid in a research report on Monday, August 1st. Zacks Investment Research downgraded shares of Newell Rubbermaid from a “buy” rating to a “hold” rating in a research report on Monday, June 20th. Citigroup Inc. reiterated a “buy” rating and issued a $61.00 price objective on shares of Newell Rubbermaid in a research report on Tuesday, August 2nd. Finally, Deutsche Bank AG lifted their price objective on shares of Newell Rubbermaid from $52.00 to $60.00 and gave the company a “buy” rating 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 given a strong buy rating to the company. Newell Rubbermaid presently has an average rating of “Buy” and a consensus target price 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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