Wcg Management adds Newell Rubbermaid (NWL) to its portfolio

Newell Rubbermaid (NWL) : Wcg Management added new position in Newell Rubbermaid during the most recent quarter end. The investment management firm now holds 66,867 shares of Newell Rubbermaid which is valued at $3,045,123 , the company said in a statement filed on Apr 25, 2016 with the SEC.Newell Rubbermaid makes up approximately 3.49% of Wcg Management’s portfolio.

Newell Rubbermaid opened for trading at $46.21 and hit $47.4 on the upside on Monday, eventually ending the session at $47.18, with a gain of 3.60% or 1.64 points. The heightened volatility saw the trading volume jump to 80,44,429 shares. Company has a market cap of $12,606 M.

Other Hedge Funds, Including , Jfs Wealth Advisors boosted its stake in NWL in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 373 shares of Newell Rubbermaid which is valued at $16,986.Winslow Evans Crocker reduced its stake in NWL by selling 80 shares or 19.42% in the most recent quarter. The Hedge Fund company now holds 332 shares of NWL which is valued at $14,728.Lebenthal Holdingsllc reduced its stake in NWL by selling 14,248 shares or 43.81% in the most recent quarter. The Hedge Fund company now holds 18,276 shares of NWL which is valued at $810,723. Newell Rubbermaid makes up approx 0.14% of Lebenthal Holdingsllc’s portfolio.Gw&k Investment Management reduced its stake in NWL by selling 104,584 shares or 29.62% in the most recent quarter. The Hedge Fund company now holds 248,530 shares of NWL which is valued at $11,024,791. Newell Rubbermaid makes up approx 0.24% of Gw&k Investment Management’s portfolio.Capstone Asset Management Co reduced its stake in NWL by selling 1,903 shares or 4.95% in the most recent quarter. The Hedge Fund company now holds 36,563 shares of NWL which is valued at $1,620,838. Newell Rubbermaid makes up approx 0.05% of Capstone Asset Management Co’s portfolio.

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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