Systematic Financial Management Lp Lowers stake in Newell Rubbermaid (NWL)

Newell Rubbermaid (NWL) : Systematic Financial Management Lp reduced its stake in Newell Rubbermaid by 0.54% during the most recent quarter end. The investment management company now holds a total of 2,079,846 shares of Newell Rubbermaid which is valued at $112,644,459 after selling 11,395 shares in Newell Rubbermaid , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Newell Rubbermaid makes up approximately 1.46% of Systematic Financial Management Lp’s portfolio.

Other Hedge Funds, Including , First Eagle Investment Management added NWL to its portfolio by purchasing 252,040 company shares during the most recent quarter which is valued at $13,728,619. Newell Rubbermaid makes up approx 0.03% of First Eagle Investment Management’s portfolio.Argent Capital Management boosted its stake in NWL in the latest quarter, The investment management firm added 775 additional shares and now holds a total of 8,525 shares of Newell Rubbermaid which is valued at $464,357. Newell Rubbermaid makes up approx 0.02% of Argent Capital Management’s portfolio.Strategy Asset Managers reduced its stake in NWL by selling 168 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 53,663 shares of NWL which is valued at $2,884,386. Newell Rubbermaid makes up approx 0.64% of Strategy Asset Managers’s portfolio. Quantitative Systematic Strategies sold out all of its stake in NWL during the most recent quarter. The investment firm sold 14,266 shares of NWL which is valued $748,394.James Investment Research Inc reduced its stake in NWL by selling 30,600 shares or 2.48% in the most recent quarter. The Hedge Fund company now holds 1,204,141 shares of NWL which is valued at $58,172,052. Newell Rubbermaid makes up approx 1.44% of James Investment Research Inc’s portfolio.

Newell Rubbermaid closed down -0.44 points or -0.81% at $53.95 with 35,64,066 shares getting traded on Wednesday. Post opening the session at $54.34, the shares hit an intraday low of $53.6201 and an intraday high of $54.54 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 $0.78 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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