Newell Rubbermaid Inc. (NYSE:NWL) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 14,992,842 shares, a decrease of 11.8% from the August 31st total of 17,003,036 shares. Based on an average trading volume of 4,437,479 shares, the short-interest ratio is presently 3.4 days. Currently, 3.2% of the company’s shares are short sold.
Hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc increased its stake in Newell Rubbermaid by 15.8% in the first quarter. Commonwealth Equity Services Inc now owns 23,518 shares of the company’s stock worth $1,042,000 after buying an additional 3,209 shares during the last quarter. Mn Services Vermogensbeheer B.V. purchased a new stake in Newell Rubbermaid during the first quarter worth approximately $258,000. CIBC World Markets Inc. increased its stake 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. Ngam Advisors L.P. increased its stake in Newell Rubbermaid by 53.7% in the first quarter. Ngam Advisors L.P. now owns 32,071 shares of the company’s stock worth $1,421,000 after buying an additional 11,210 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new stake in Newell Rubbermaid during the first quarter worth approximately $17,594,000. Institutional investors and hedge funds own 93.12% of the company’s stock.
Shares of Newell Rubbermaid (NYSE:NWL) opened at 52.66 on Monday. The firm has a 50-day moving average price of $52.74 and a 200-day moving average price of $48.71. Newell Rubbermaid has a 1-year low of $33.26 and a 1-year high of $55.45. The firm has a market capitalization of $25.39 billion, a PE ratio of 51.08 and a beta of 1.27.
Newell Rubbermaid (NYSE:NWL) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.78 earnings per share 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 the consensus estimate of $3.76 billion. Newell Rubbermaid had a return on equity of 18.55% and a net margin of 3.91%. Newell Rubbermaid’s revenue was up 147.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS. On average, analysts forecast that Newell Rubbermaid will post $2.88 EPS for the current fiscal year.
The company also recently disclosed 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. The ex-dividend date 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 76.00%.
Several research firms have recently commented on NWL. Citigroup Inc. restated a “buy” rating and set a $61.00 price target on shares of Newell Rubbermaid in a research report on Tuesday, August 2nd. RBC Capital Markets restated a “buy” rating on shares of Newell Rubbermaid in a research report on Monday, August 1st. Zacks Investment Research lowered Newell Rubbermaid from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Deutsche Bank AG raised their price target on Newell Rubbermaid from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Finally, Royal Bank Of Canada restated a “top pick” rating and set a $60.00 price target on shares of Newell Rubbermaid in a research report on Monday, August 1st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s 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.
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.