FNY Managed Accounts LLC decreased its position in Newell Rubbermaid Inc. (NYSE:NWL) by 8.7% during the second quarter, Holdings Channel reports. The firm owned 5,250 shares of the company’s stock after selling 500 shares during the period. FNY Managed Accounts LLC’s holdings in Newell Rubbermaid were worth $255,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Seven Bridges Advisors LLC bought a new position in Newell Rubbermaid during the second quarter worth $137,000. NN Investment Partners Holdings N.V. raised its position in 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 worth $151,000 after buying an additional 1,120 shares during the period. Checchi Capital Advisers LLC raised its position in Newell Rubbermaid by 57.4% in the second quarter. Checchi Capital Advisers LLC now owns 3,609 shares of the company’s stock worth $175,000 after buying an additional 1,316 shares during the period. Independent Portfolio Consultants Inc. bought a new position in Newell Rubbermaid during the second quarter worth $229,000. Finally, Gillespie Robinson & Grimm Inc. bought a new position in Newell Rubbermaid during the second quarter worth $237,000. 93.12% of the stock is currently owned by institutional investors.
Shares of Newell Rubbermaid Inc. (NYSE:NWL) traded down 0.50% during midday trading on Wednesday, reaching $52.14. The company’s stock had a trading volume of 3,478,503 shares. Newell Rubbermaid Inc. has a 52 week low of $33.26 and a 52 week high of $55.45. The firm has a market capitalization of $25.14 billion, a price-to-earnings ratio of 50.57 and a beta of 1.27. The firm’s 50 day moving average is $52.91 and its 200 day moving average is $48.58.
Newell Rubbermaid (NYSE:NWL) last posted its earnings results on Friday, July 29th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The company earned $3.86 billion during 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 business’s revenue was up 147.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 earnings per share. Equities analysts forecast 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 1.46%. The ex-dividend date was Monday, August 29th. Newell Rubbermaid’s dividend payout ratio (DPR) is presently 76.00%.
A number of equities analysts have weighed in on NWL shares. Citigroup Inc. reissued a “buy” rating and set a $61.00 price objective on shares of Newell Rubbermaid in a research note on Tuesday, August 2nd. RBC Capital Markets reaffirmed a “buy” rating on shares of Newell Rubbermaid in a research note on Monday, August 1st. Deutsche Bank AG upped their price target on Newell Rubbermaid from $52.00 to $60.00 and gave the company a “buy” rating 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 $59.00 price target on the stock in a research note on Monday, August 1st. Finally, B. Riley reaffirmed a “buy” rating and issued a $60.00 price target 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 assigned a strong buy rating to the stock. The stock 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.