Dimensional Fund Advisors LP increased its position in Newell Rubbermaid Inc. (NYSE:NWL) by 79.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,405,630 shares of the company’s stock after buying an additional 620,588 shares during the period. Dimensional Fund Advisors LP owned 0.31% of Newell Rubbermaid worth $68,265,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of NWL. Massmutual Trust Co. FSB ADV acquired a new position in shares of Newell Rubbermaid during the first quarter worth approximately $2,051,000. Institutional Capital LLC acquired a new position in shares of Newell Rubbermaid during the first quarter worth approximately $188,471,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Newell Rubbermaid during the first quarter worth approximately $17,594,000. Connable Office Inc. increased its position in shares of Newell Rubbermaid by 10.2% in the first quarter. Connable Office Inc. now owns 69,096 shares of the company’s stock worth $3,060,000 after buying an additional 6,402 shares in the last quarter. Finally, Eos Focused Equity Management L.P. increased its position in shares of Newell Rubbermaid by 57.2% in the first quarter. Eos Focused Equity Management L.P. now owns 144,963 shares of the company’s stock worth $6,420,000 after buying an additional 52,768 shares in the last quarter. 93.12% of the stock is currently owned by institutional investors.
Newell Rubbermaid Inc. (NYSE:NWL) traded up 0.144% on Thursday, hitting $52.215. 1,541,360 shares of the stock traded hands. The firm has a market cap of $25.18 billion, a price-to-earnings ratio of 50.645 and a beta of 1.27. Newell Rubbermaid Inc. has a 12-month low of $33.26 and a 12-month high of $55.45. The stock has a 50-day moving average of $52.85 and a 200-day moving average of $48.61.
Newell Rubbermaid (NYSE:NWL) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.06. Newell Rubbermaid had a net margin of 3.91% and a return on equity of 18.55%. The business earned $3.86 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the previous year, the company earned $0.64 earnings per share. Newell Rubbermaid’s revenue for the quarter was up 147.2% on a year-over-year basis. Analysts forecast that Newell Rubbermaid Inc. will post $2.88 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Monday, August 29th. Newell Rubbermaid’s payout ratio is 76.00%.
NWL has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Newell Rubbermaid from a “buy” rating to a “hold” rating in a research note on Monday, June 20th. Jefferies Group reaffirmed a “buy” rating and set a $59.00 price target on shares of Newell Rubbermaid in a report on Wednesday, June 29th. B. Riley reaffirmed a “buy” rating and set a $60.00 price target on shares of Newell Rubbermaid in a report on Monday, August 1st. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $60.00 price target on shares of Newell Rubbermaid in a report on Monday, August 1st. Finally, Deutsche Bank AG raised their price target on shares of Newell Rubbermaid from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, August 1st. Two equities 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 stock. Newell Rubbermaid has a consensus rating of “Buy” and a consensus price target 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.
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