Standard Life Investments Ltd buys $466.9 Million stake in Newell Rubbermaid (NWL)

Newell Rubbermaid (NWL) : Standard Life Investments Ltd scooped up 1,066,913 additional shares in Newell Rubbermaid during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 9,831,260 shares of Newell Rubbermaid which is valued at $466.9 Million.Newell Rubbermaid makes up approximately 2.12% of Standard Life Investments Ltd’s portfolio.

Other Hedge Funds, Including , Daiwa Securities Group reduced its stake in NWL by selling 35,055 shares or 51.47% in the most recent quarter. The Hedge Fund company now holds 33,051 shares of NWL which is valued at $1.6 Million. Newell Rubbermaid makes up approx 0.01% of Daiwa Securities Group’s portfolio.United Capital Financial Advisers boosted its stake in NWL in the latest quarter, The investment management firm added 274 additional shares and now holds a total of 16,484 shares of Newell Rubbermaid which is valued at $782,825. Newell Rubbermaid makes up approx 0.01% of United Capital Financial Advisers’s portfolio.Mutual Of America Capital Management boosted its stake in NWL in the latest quarter, The investment management firm added 8,119 additional shares and now holds a total of 163,720 shares of Newell Rubbermaid which is valued at $7.8 Million. Newell Rubbermaid makes up approx 0.17% of Mutual Of America Capital Management’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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