Shares of Newell Rubbermaid Inc. (NYSE:NWL) have received a consensus rating of “Buy” from the fourteen brokerages that are presently covering the company. Two research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $57.10.
NWL has been the topic of several recent analyst reports. Citigroup Inc. restated a “buy” rating and set a $61.00 price objective on shares of Newell Rubbermaid in a report on Tuesday, August 2nd. RBC Capital Markets reiterated a “buy” rating on shares of Newell Rubbermaid in a research report on Monday, August 1st. Deutsche Bank AG upped their target price on Newell Rubbermaid from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Zacks Investment Research upgraded Newell Rubbermaid from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Monday, August 1st. Finally, B. Riley reiterated a “buy” rating and issued a $60.00 target price on shares of Newell Rubbermaid in a research report on Monday, August 1st.
Several hedge funds and other institutional investors have recently made changes to their positions in NWL. Calamos Advisors LLC acquired a new position in shares of Newell Rubbermaid during the second quarter worth about $51,878,000. 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 in the last quarter. RS Investment Management Co. LLC purchased a new position in Newell Rubbermaid during the second quarter valued at approximately $18,424,000. Geode Capital Management LLC increased its position in 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. Finally, Wellington Management Group LLP increased its position in 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. Hedge funds and other institutional investors own 93.12% of the company’s stock.
Shares of Newell Rubbermaid (NYSE:NWL) opened at 52.66 on Tuesday. The company has a market cap of $25.39 billion, a PE ratio of 51.08 and a beta of 1.27. Newell Rubbermaid has a 52-week low of $33.26 and a 52-week high of $55.45. The stock’s 50 day moving average is $52.74 and its 200 day moving average is $48.71.
Newell Rubbermaid (NYSE:NWL) last posted its quarterly earnings data 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. Newell Rubbermaid had a net margin of 3.91% and a return on equity of 18.55%. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 147.2% compared to the same quarter last year. Equities analysts forecast that Newell Rubbermaid will post $2.88 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given 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 dividend payout ratio (DPR) is 76.00%.
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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