Eos Focused Equity Management Lowers stake in Newell Rubbermaid (NWL)

Newell Rubbermaid (NWL) : Eos Focused Equity Management reduced its stake in Newell Rubbermaid by 7.26% during the most recent quarter end. The investment management company now holds a total of 134,437 shares of Newell Rubbermaid which is valued at $7,322,783 after selling 10,526 shares in Newell Rubbermaid , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Newell Rubbermaid makes up approximately 7.42% of Eos Focused Equity Management’s portfolio.

Other Hedge Funds, Including , Diam Ltd. boosted its stake in NWL in the latest quarter, The investment management firm added 68,790 additional shares and now holds a total of 147,902 shares of Newell Rubbermaid which is valued at $7,914,236. Newell Rubbermaid makes up approx 0.11% of Diam Ltd.’s portfolio.Sfe Investment Counsel reduced its stake in NWL by selling 430 shares or 9.15% in the most recent quarter. The Hedge Fund company now holds 4,270 shares of NWL which is valued at $228,488. Newell Rubbermaid makes up approx 0.10% of Sfe Investment Counsel’s portfolio.Fisher Asset Management reduced its stake in NWL by selling 299,699 shares or 86.84% in the most recent quarter. The Hedge Fund company now holds 45,431 shares of NWL which is valued at $2,224,756.

Newell Rubbermaid closed down -0.44 points or -0.81% at $53.95 with 35,64,066 shares getting traded on Wednesday. Post opening the session at $54.34, the shares hit an intraday low of $53.6201 and an intraday high of $54.54 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Newell Rubbermaid reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.72. The company had revenue of $3858.90 million for the quarter, compared to analysts expectations of $3722.77 million. The company’s revenue was up 147.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on Newell Rubbermaid. Company shares were Reiterated by Deutsche Bank on Aug 1, 2016 to “Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $52 .

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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