Newell Rubbermaid Inc. (NYSE:NWL) shares saw unusually-high trading volume on Tuesday . Approximately 7,957,238 shares traded hands during trading, an increase of 72% from the previous session’s volume of 4,631,417 shares.The stock last traded at $49.26 and had previously closed at $48.59.

NWL has been the subject of a number of analyst reports. Raymond James Financial Inc. lifted their price objective on shares of Newell Rubbermaid from $43.00 to $49.00 in a report on Monday, March 21st. Deutsche Bank AG lifted their price objective on shares of Newell Rubbermaid from $50.00 to $52.00 and gave the company a “buy” rating in a report on Monday, May 2nd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Newell Rubbermaid in a report on Monday, May 2nd. B. Riley reissued a “buy” rating and set a $54.00 price target (up from $50.00) on shares of Newell Rubbermaid in a research report on Monday, May 2nd. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Newell Rubbermaid in a research report on Wednesday, April 27th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $53.73.

The stock’s 50 day moving average is $48.18 and its 200-day moving average is $43.42. The firm has a market cap of $13.16 billion and a P/E ratio of 39.37.

Newell Rubbermaid (NYSE:NWL) last released its earnings results on Friday, April 29th. The company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.02. The business earned $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company earned $0.36 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts expect that Newell Rubbermaid Inc. will post $2.85 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Thursday, May 26th.

In related news, Director Ian G. H. Ashken sold 346,781 shares of the stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $48.51, for a total transaction of $16,822,346.31. Following the sale, the director now directly owns 992,909 shares of the company’s stock, valued at approximately $48,166,015.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William A. Burke III sold 34,882 shares of the stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $47.02, for a total transaction of $1,640,151.64. Following the sale, the insider now directly owns 155,559 shares in the company, valued at $7,314,384.18. The disclosure for this sale can be found here.

Other hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Newell Rubbermaid by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 21,988,173 shares of the company’s stock valued at $969,239,000 after buying an additional 638,763 shares during the period. Standard Life Investments LTD increased its stake in shares of Newell Rubbermaid by 123.0% in the fourth quarter. Standard Life Investments LTD now owns 8,764,347 shares of the company’s stock valued at $386,200,000 after buying an additional 4,833,608 shares during the period. Morgan Stanley increased its stake in shares of Newell Rubbermaid by 30.4% in the fourth quarter. Morgan Stanley now owns 2,470,025 shares of the company’s stock valued at $108,878,000 after buying an additional 575,937 shares during the period. Eaton Vance Management increased its stake in shares of Newell Rubbermaid by 2,629.9% in the fourth quarter. Eaton Vance Management now owns 2,258,915 shares of the company’s stock valued at $99,573,000 after buying an additional 2,176,167 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Newell Rubbermaid by 135.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,541,346 shares of the company’s stock valued at $67,942,000 after buying an additional 885,645 shares during the period.

Newell Brands Inc, formerly Newell Rubbermaid Inc, is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.

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