King Luther Capital Management Corp Lowers stake in Newell Rubbermaid (NWL)

Newell Rubbermaid (NWL) : King Luther Capital Management Corp reduced its stake in Newell Rubbermaid by 2.45% during the most recent quarter end. The investment management company now holds a total of 2,884,249 shares of Newell Rubbermaid which is valued at $158,316,428 after selling 72,500 shares in Newell Rubbermaid , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Newell Rubbermaid makes up approximately 1.49% of King Luther Capital Management Corp’s portfolio.

Other Hedge Funds, Including , Fmr reduced its stake in NWL by selling 412,125 shares or 3.57% in the most recent quarter. The Hedge Fund company now holds 11,131,628 shares of NWL which is valued at $611,015,061. Newell Rubbermaid makes up approx 0.08% of Fmr’s portfolio. First Personal Financial Services added NWL to its portfolio by purchasing 189 company shares during the most recent quarter which is valued at $10,236. Brown Advisory Securities added NWL to its portfolio by purchasing 6,372 company shares during the most recent quarter which is valued at $342,495. Newell Rubbermaid makes up approx 0.10% of Brown Advisory Securities’s portfolio. Ariel Capital Advisors added NWL to its portfolio by purchasing 6,000 company shares during the most recent quarter which is valued at $294,960. Newell Rubbermaid makes up approx 0.18% of Ariel Capital Advisors’s portfolio. Investment Partners Ltd Oh Adv sold out all of its stake in NWL during the most recent quarter. The investment firm sold 5,389 shares of NWL which is valued $263,899.

Newell Rubbermaid opened for trading at $54.33 and hit $54.48 on the upside on Tuesday, eventually ending the session at $54.46, with a gain of 1.13% or 0.61 points. The heightened volatility saw the trading volume jump to 40,26,569 shares. Company has a market cap of $26,261 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.

Investors should note that on Aug 11, 2016, Newell Rubbermaid announced a cash dividend of $0.1900. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 15, 2016.

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.

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