Taconic Capital Advisors Lp buys $50.1 Million stake in Newell Rubbermaid (NWL)

Newell Rubbermaid (NWL) : Taconic Capital Advisors Lp scooped up 883,550 additional shares in Newell Rubbermaid during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,055,950 shares of Newell Rubbermaid which is valued at $50.1 Million.Newell Rubbermaid makes up approximately 3.72% of Taconic Capital Advisors Lp’s portfolio.

Other Hedge Funds, Including , Rwc Asset Management Llp sold out all of its stake in NWL during the most recent quarter. The investment firm sold 436,449 shares of NWL which is valued $20.7 Million. Tredje Ap-fonden added NWL to its portfolio by purchasing 41,878 company shares during the most recent quarter which is valued at $2 Million. Newell Rubbermaid makes up approx 0.09% of Tredje Ap-fonden’s portfolio. Hap Trading added NWL to its portfolio by purchasing 205,384 company shares during the most recent quarter which is valued at $9.8 Million. Newell Rubbermaid makes up approx 1.13% of Hap Trading’s portfolio.Caldwell Orkin Inc reduced its stake in NWL by selling 51,700 shares or 48.41% in the most recent quarter. The Hedge Fund company now holds 55,100 shares of NWL which is valued at $2.6 Million. Newell Rubbermaid makes up approx 1.55% of Caldwell Orkin Inc’s portfolio.Havens Advisors boosted its stake in NWL in the latest quarter, The investment management firm added 33,446 additional shares and now holds a total of 100,940 shares of Newell Rubbermaid which is valued at $4.7 Million. Newell Rubbermaid makes up approx 3.09% of Havens Advisors’s portfolio.

Newell Rubbermaid closed down -0.01 points or -0.02% at $47.88 with 35,49,303 shares getting traded on Wednesday. Post opening the session at $47.85, the shares hit an intraday low of $47.78 and an intraday high of $48.19 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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