Eos Focused Equity Management buys $6,884,293 stake in Newell Rubbermaid (NWL)

Newell Rubbermaid (NWL) : Eos Focused Equity Management scooped up 52,768 additional shares in Newell Rubbermaid during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 144,963 shares of Newell Rubbermaid which is valued at $6,884,293.Newell Rubbermaid makes up approximately 6.41% of Eos Focused Equity Management’s portfolio.

Other Hedge Funds, Including , Apertura Capital added NWL to its portfolio by purchasing 125,000 company shares during the most recent quarter which is valued at $5,880,000. Newell Rubbermaid makes up approx 4.35% of Apertura Capital’s portfolio. Moody Lynn Lieberson sold out all of its stake in NWL during the most recent quarter. The investment firm sold 227,751 shares of NWL which is valued $10,713,407.Whittier Trust Co reduced its stake in NWL by selling 50 shares or 0.92% in the most recent quarter. The Hedge Fund company now holds 5,397 shares of NWL which is valued at $245,779. Newell Rubbermaid makes up approx 0.01% of Whittier Trust Co’s portfolio.Aperio Group reduced its stake in NWL by selling 1,808 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 140,919 shares of NWL which is valued at $6,417,451. Newell Rubbermaid makes up approx 0.05% of Aperio Group’s portfolio.

Newell Rubbermaid closed down -1.05 points or -2.16% at $47.49 with 65,97,567 shares getting traded on Friday. Post opening the session at $48.55, the shares hit an intraday low of $47.06 and an intraday high of $48.7889 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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