Korea Investment Corp buys $75,544,064 stake in Newell Rubbermaid (NWL)

Newell Rubbermaid (NWL) : Korea Investment Corp scooped up 173,299 additional shares in Newell Rubbermaid during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,376,281 shares of Newell Rubbermaid which is valued at $75,544,064.Newell Rubbermaid makes up approximately 0.43% of Korea Investment Corp’s portfolio.

Other Hedge Funds, Including , Cable Hill Partners boosted its stake in NWL in the latest quarter, The investment management firm added 106 additional shares and now holds a total of 211 shares of Newell Rubbermaid which is valued at $11,582. Newell Rubbermaid makes up approx 0.01% of Cable Hill Partners’s portfolio.Lbmc Investment Advisors boosted its stake in NWL in the latest quarter, The investment management firm added 1,386 additional shares and now holds a total of 11,253 shares of Newell Rubbermaid which is valued at $604,849. Newell Rubbermaid makes up approx 0.12% of Lbmc Investment Advisors’s portfolio. Barnett Company sold out all of its stake in NWL during the most recent quarter. The investment firm sold 927 shares of NWL which is valued $49,826.

Newell Rubbermaid opened for trading at $53.67 and hit $54.2 on the upside on Monday, eventually ending the session at $53.91, with a gain of 0.43% or 0.23 points. The heightened volatility saw the trading volume jump to 18,96,495 shares. Company has a market cap of $25,995 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.

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