Gardner Lewis Asset Management L P adds Newell Rubbermaid (NWL) to its portfolio

Newell Rubbermaid (NWL) : Gardner Lewis Asset Management L P added new position in Newell Rubbermaid during the most recent quarter end. The investment management firm now holds 297,098 shares of Newell Rubbermaid which is valued at $14.1 Million , the company said in a statement filed on May 12, 2016 with the SEC.Newell Rubbermaid makes up approximately 4.08% of Gardner Lewis Asset Management L P’s portfolio.

Other Hedge Funds, Including , Ameritas Investment Partners boosted its stake in NWL in the latest quarter, The investment management firm added 19,654 additional shares and now holds a total of 51,674 shares of Newell Rubbermaid which is valued at $2.5 Million. Newell Rubbermaid makes up approx 0.17% of Ameritas Investment Partners’s portfolio.Bessemer Group Inc boosted its stake in NWL in the latest quarter, The investment management firm added 140,387 additional shares and now holds a total of 2,737,702 shares of Newell Rubbermaid which is valued at $130 Million. Newell Rubbermaid makes up approx 0.75% of Bessemer Group Inc’s portfolio.Accident Compensation Corp boosted its stake in NWL in the latest quarter, The investment management firm added 176,300 additional shares and now holds a total of 184,920 shares of Newell Rubbermaid which is valued at $8.8 Million. Newell Rubbermaid makes up approx 2.42% of Accident Compensation Corp’s portfolio.Atlantic Trust Group boosted its stake in NWL in the latest quarter, The investment management firm added 2,410 additional shares and now holds a total of 22,962 shares of Newell Rubbermaid which is valued at $1.1 Million. Newell Rubbermaid makes up approx 0.01% of Atlantic Trust Group’s portfolio.

Newell Rubbermaid closed down -0.03 points or -0.06% at $47.14 with 33,10,848 shares getting traded on Friday. Post opening the session at $47.5, the shares hit an intraday low of $47.02 and an intraday high of $47.67 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.

Investors should note that on May 12, 2016, Newell Rubbermaid announced a cash dividend of $0.1900. The company’s management has announced May 26, 2016 as the ex-dividend date and fixed the record date on May 31, 2016. The payable date has been fixed on Jun 15, 2016.

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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