Accident Compensation Corp buys $8.8 Million stake in Newell Rubbermaid (NWL)

Newell Rubbermaid (NWL) : Accident Compensation Corp scooped up 176,300 additional shares in Newell Rubbermaid during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 184,920 shares of Newell Rubbermaid which is valued at $8.8 Million.Newell Rubbermaid makes up approximately 2.42% of Accident Compensation Corp’s portfolio.

Other Hedge Funds, Including , Caprock Group added NWL to its portfolio by purchasing 5,557 company shares during the most recent quarter which is valued at $263,902. Newell Rubbermaid makes up approx 0.06% of Caprock Group’s portfolio.First Trust Advisors Lp boosted its stake in NWL in the latest quarter, The investment management firm added 198,637 additional shares and now holds a total of 1,176,088 shares of Newell Rubbermaid which is valued at $55.9 Million. Newell Rubbermaid makes up approx 0.18% of First Trust Advisors Lp’s portfolio. Geduld E E added NWL to its portfolio by purchasing 7,500 company shares during the most recent quarter which is valued at $356,175. Newell Rubbermaid makes up approx 0.54% of Geduld E E’s portfolio.Ngam Advisors reduced its stake in NWL by selling 61,406 shares or 22.44% in the most recent quarter. The Hedge Fund company now holds 212,281 shares of NWL which is valued at $10 Million. Newell Rubbermaid makes up approx 0.15% of Ngam Advisors’s portfolio.State Treasurer State Of Michigan boosted its stake in NWL in the latest quarter, The investment management firm added 1,217 additional shares and now holds a total of 163,143 shares of Newell Rubbermaid which is valued at $7.7 Million. Newell Rubbermaid makes up approx 0.06% of State Treasurer State Of Michigan’s portfolio.

Newell Rubbermaid opened for trading at $47.58 and hit $48.08 on the upside on Monday, eventually ending the session at $47.94, with a gain of 0.95% or 0.45 points. The heightened volatility saw the trading volume jump to 38,72,006 shares. Company has a market cap of $12,858 M.

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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