Capital Management Associates Ny Lowers stake in Newell Rubbermaid (NWL)

Newell Rubbermaid (NWL) : Capital Management Associates Ny reduced its stake in Newell Rubbermaid by 20.16% during the most recent quarter end. The investment management company now holds a total of 28,189 shares of Newell Rubbermaid which is valued at $1,326,011 after selling 7,120 shares in Newell Rubbermaid , the firm said in a disclosure report filed with the SEC on May 2, 2016.Newell Rubbermaid makes up approximately 2.35% of Capital Management Associates Ny’s portfolio.

Newell Rubbermaid opened for trading at $46.75 and hit $47.06 on the upside on Friday, eventually ending the session at $47.04, with a gain of 0.28% or 0.13 points. The heightened volatility saw the trading volume jump to 55,07,318 shares. Company has a market cap of $12,569 M.

Other Hedge Funds, Including , Financial Partners Capital Management sold out all of its stake in NWL during the most recent quarter. The investment firm sold 11,026 shares of NWL which is valued $518,663.Sumitomo Life Insurance Co boosted its stake in NWL in the latest quarter, The investment management firm added 7,380 additional shares and now holds a total of 35,164 shares of Newell Rubbermaid which is valued at $1,601,369. Newell Rubbermaid makes up approx 0.21% of Sumitomo Life Insurance Co’s portfolio.Wright Investors Service Inc boosted its stake in NWL in the latest quarter, The investment management firm added 2,030 additional shares and now holds a total of 7,215 shares of Newell Rubbermaid which is valued at $328,571. Newell Rubbermaid makes up approx 0.13% of Wright Investors Service Inc’s portfolio.Metlife Securities Inc boosted its stake in NWL in the latest quarter, The investment management firm added 16 additional shares and now holds a total of 2,511 shares of Newell Rubbermaid which is valued at $111,388.

On the company’s financial health, Newell Rubbermaid reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.38. The company had revenue of $1314.90 million for the quarter, compared to analysts expectations of $1295.34 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on Newell Rubbermaid. Company shares were Reiterated by Deutsche Bank on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $50 .Company shares were Reiterated by B. Riley & Co. on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 54 from a previous price target of $50 .Company shares were Reiterated by UBS on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $54 .

Newell Rubbermaid Inc. is a marketer of consumer and commercial products. The Company operates in five segments: Writing which designs manufactures or sources and distributes writing instruments and labeling solutions primarily for use in business and the home; Home Solutions which designs manufactures or sources and distributes a range of consumer products under various brand names; Tools which designs manufactures or sources and distributes hand tools and power tool accessories industrial bandsaw blades tools and industrial-labeling solutions; Commercial Products which designs manufactures or sources and distributes cleaning and refuse products hygiene systems material handling solutions and medical and computer carts and Baby & Parenting which designs and distributes infant and juvenile products. Its products are marketed under a portfolio of various brands including Sharpie Paper Mate Parker Calphalon Irwin Lenox Elmer’s Graco Aprica and Baby Jogger.

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