Boston Advisors LLC cut its stake in Newell Rubbermaid Inc. (NYSE:NWL) by 77.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,888 shares of the company’s stock after selling 236,675 shares during the period. Boston Advisors LLC’s holdings in Newell Rubbermaid were worth $3,394,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Commonwealth Equity Services Inc increased its position in Newell Rubbermaid by 15.8% in the first quarter. Commonwealth Equity Services Inc now owns 23,518 shares of the company’s stock valued at $1,042,000 after buying an additional 3,209 shares during the last quarter. Mn Services Vermogensbeheer B.V. purchased a new position in Newell Rubbermaid during the first quarter valued at approximately $258,000. Virginia Retirement System purchased a new position in Newell Rubbermaid during the first quarter valued at approximately $5,564,000. 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 valued at $1,464,000 after buying an additional 1,716 shares during the last quarter. Finally, Icon Advisers Inc. Co. purchased a new position in Newell Rubbermaid during the first quarter valued at approximately $3,300,000. Hedge funds and other institutional investors own 93.12% of the company’s stock.
Shares of Newell Rubbermaid Inc. (NYSE:NWL) traded up 1.25% during mid-day trading on Friday, reaching $52.66. The company’s stock had a trading volume of 2,738,061 shares. The stock has a market capitalization of $25.39 billion, a price-to-earnings ratio of 51.08 and a beta of 1.27. Newell Rubbermaid Inc. has a 52 week low of $33.26 and a 52 week high of $55.45. The company’s 50-day moving average is $52.74 and its 200-day moving average is $48.71.
Newell Rubbermaid (NYSE:NWL) last announced its earnings results 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 company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.76 billion. Newell Rubbermaid had a return on equity of 18.55% and a net margin of 3.91%. The firm’s quarterly revenue was up 147.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 earnings per share. Equities analysts predict that Newell Rubbermaid Inc. will post $2.88 EPS for the current 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 $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Monday, August 29th. Newell Rubbermaid’s payout ratio is 76.00%.
Several research analysts have commented on the company. Royal Bank Of Canada restated a “top pick” rating and set a $60.00 price objective on shares of Newell Rubbermaid in a report on Monday, August 1st. Jefferies Group restated a “top pick” rating and set a $66.00 price objective (up from $61.00) on shares of Newell Rubbermaid in a report on Monday, August 1st. RBC Capital Markets restated a “buy” rating on shares of Newell Rubbermaid in a report on Monday, August 1st. Zacks Investment Research upgraded Newell Rubbermaid from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Tuesday, July 5th. Finally, B. Riley restated a “buy” rating and set a $60.00 price objective on shares of Newell Rubbermaid in a report on Monday, August 1st. Two research 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. Newell Rubbermaid currently has an average 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.