Newell Rubbermaid (NWL) : Ifc Holdings Incorporatedfl added new position in Newell Rubbermaid during the most recent quarter end. The investment management firm now holds 32,338 shares of Newell Rubbermaid which is valued at $1,730,406 , the company said in a statement filed on Aug 2, 2016 with the SEC.Newell Rubbermaid makes up approximately 0.19% of Ifc Holdings Incorporatedfl’s portfolio.
Other Hedge Funds, Including , Dupont Capital Management Corp reduced its stake in NWL by selling 38,826 shares or 15.81% in the most recent quarter. The Hedge Fund company now holds 206,738 shares of NWL which is valued at $11,062,550. Newell Rubbermaid makes up approx 0.24% of Dupont Capital Management Corp’s portfolio.Tarbox Group boosted its stake in NWL in the latest quarter, The investment management firm added 41 additional shares and now holds a total of 96 shares of Newell Rubbermaid which is valued at $5,036.Standard Life Investments Ltd reduced its stake in NWL by selling 140,312 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 9,690,948 shares of NWL which is valued at $476,407,004. Newell Rubbermaid makes up approx 2.08% of Standard Life Investments Ltd’s portfolio.Lathrop Investment Management Corp boosted its stake in NWL in the latest quarter, The investment management firm added 9,973 additional shares and now holds a total of 233,299 shares of Newell Rubbermaid which is valued at $11,270,675. Newell Rubbermaid makes up approx 3.37% of Lathrop Investment Management Corp’s portfolio.Gateway Investment Advisers reduced its stake in NWL by selling 161,106 shares or 19.39% in the most recent quarter. The Hedge Fund company now holds 669,699 shares of NWL which is valued at $32,795,160. Newell Rubbermaid makes up approx 0.27% of Gateway Investment Advisers’s portfolio.
Newell Rubbermaid opened for trading at $54.09 and hit $54.41 on the upside on Monday, eventually ending the session at $54.16, with a gain of 0.76% or 0.41 points. The heightened volatility saw the trading volume jump to 37,80,782 shares. Company has a market cap of $14,526 M.
On the company’s financial health, Newell Rubbermaid reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.72. The company had revenue of $3858.90 million for the quarter, compared to analysts expectations of $3722.77 million. The company’s revenue was up 147.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.
Many Wall Street Analysts have commented on Newell Rubbermaid. Company shares were Reiterated by Deutsche Bank on Aug 1, 2016 to “Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $52 .
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.