Quadrant Capital Group LLC increased its position in Newell Rubbermaid Inc. (NYSE:NWL) by 66.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,467 shares of the company’s stock after buying an additional 986 shares during the period. Quadrant Capital Group LLC’s holdings in Newell Rubbermaid were worth $116,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in NWL. Seven Bridges Advisors LLC bought a new position in shares of Newell Rubbermaid during the second quarter worth $137,000. NN Investment Partners Holdings N.V. increased its position in shares of 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 in the last quarter. Checchi Capital Advisers LLC increased its position in shares of 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 in the last quarter. Independent Portfolio Consultants Inc. bought a new position in shares of Newell Rubbermaid during the second quarter worth $229,000. Finally, Savant Capital LLC increased its position in shares of Newell Rubbermaid by 4.8% in the second quarter. Savant Capital LLC now owns 4,758 shares of the company’s stock worth $231,000 after buying an additional 217 shares in the last quarter. 93.12% of the stock is owned by institutional investors.
Newell Rubbermaid Inc. (NYSE:NWL) traded down 0.78% on Friday, hitting $51.91. 2,903,602 shares of the stock traded hands. The company has a market cap of $25.03 billion, a price-to-earnings ratio of 50.35 and a beta of 1.18. The stock has a 50-day moving average price of $52.41 and a 200 day moving average price of $49.06. Newell Rubbermaid Inc. has a 1-year low of $33.26 and a 1-year high of $55.45.
Newell Rubbermaid (NYSE:NWL) last issued its quarterly earnings data 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 business earned $3.86 billion during the quarter, compared to analyst estimates of $3.76 billion. Newell Rubbermaid had a net margin of 3.91% and a return on equity of 18.55%. The firm’s quarterly revenue was up 147.2% on a year-over-year basis. During the same quarter last year, the business earned $0.64 EPS. On average, analysts anticipate that Newell Rubbermaid Inc. will post $2.88 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.76 dividend on an annualized basis and a yield of 1.46%. Newell Rubbermaid’s dividend payout ratio (DPR) is presently 76.00%.
Several brokerages have recently commented on NWL. Bank of America Corp. set a $60.00 price target on shares of Newell Rubbermaid and gave the stock a “buy” rating in a research report on Tuesday, October 4th. B. Riley reiterated a “buy” rating and set a $60.00 price target on shares of Newell Rubbermaid in a research report on Wednesday. Jefferies Group reiterated a “buy” rating and set a $66.00 price target on shares of Newell Rubbermaid in a research report on Tuesday, October 4th. Zacks Investment Research upgraded shares of Newell Rubbermaid from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Monday, October 3rd. Finally, Citigroup Inc. reiterated a “buy” rating and set a $61.00 price target on shares of Newell Rubbermaid in a research report on Tuesday, August 2nd. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Newell Rubbermaid presently has an average rating of “Buy” and an average price target of $57.50.
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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