Newell Rubbermaid (NWL) : Horizon Kinetics reduced its stake in Newell Rubbermaid by 19.95% during the most recent quarter end. The investment management company now holds a total of 2,121,305 shares of Newell Rubbermaid which is valued at $94,037,451 after selling 528,791 shares in Newell Rubbermaid , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Newell Rubbermaid makes up approximately 2.46% of Horizon Kinetics’s portfolio.
Newell Rubbermaid closed down -0.14 points or -0.31% at $44.48 with 42,52,559 shares getting traded on Wednesday. Post opening the session at $44.6, the shares hit an intraday low of $44.33 and an intraday high of $44.87 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Gemmer Asset Management reduced its stake in NWL by selling 42 shares or 8.19% in the most recent quarter. The Hedge Fund company now holds 471 shares of NWL which is valued at $20,879. Newell Rubbermaid makes up approx 0.01% of Gemmer Asset Management’s portfolio.Oakbrook Investments reduced its stake in NWL by selling 1,248 shares or 5.25% in the most recent quarter. The Hedge Fund company now holds 22,524 shares of NWL which is valued at $998,489. Newell Rubbermaid makes up approx 0.06% of Oakbrook Investments’s portfolio. Santa Fe Partners sold out all of its stake in NWL during the most recent quarter. The investment firm sold 34,269 shares of NWL which is valued $1,519,145. Churchill Management Corp sold out all of its stake in NWL during the most recent quarter. The investment firm sold 97,870 shares of NWL which is valued $4,338,577.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in NWL in the latest quarter, The investment management firm added 16,541 additional shares and now holds a total of 117,579 shares of Newell Rubbermaid which is valued at $5,212,277. Newell Rubbermaid makes up approx 0.12% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.
On the company’s financial health, Newell Rubbermaid reported $0.56 EPS for the quarter, based on the information available during the earnings call on Jan 29, 2016. Analyst had a consensus estimate of $0.56. The company had revenue of $1560.80 million for the quarter, compared to analysts expectations of $1559.82 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Many Wall Street Analysts have commented on Newell Rubbermaid. Company shares were Reiterated by UBS on Apr 18, 2016 to “Buy”, Firm has raised the Price Target to $ 54 from a previous price target of $51 .Shares were Reiterated by Oppenheimer on Feb 12, 2016 to “Perform” and Lowered the Price Target to $ 36 from a previous price target of $40 .Gabelli & Co Initiated Newell Rubbermaid on Feb 8, 2016 to “Buy”, Price Target of the shares are set at $59.
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.