Newell Rubbermaid Inc. (NYSE:NWL) hit a new 52-week high on Wednesday . The stock traded as high as $54.56 and last traded at $54.26, with a volume of 745,819 shares traded. The stock had previously closed at $54.15.

Several equities research analysts have weighed in on NWL shares. Zacks Investment Research raised Newell Rubbermaid from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Tuesday, April 12th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating and issued a $45.00 target price on shares of Newell Rubbermaid in a research report on Tuesday, April 19th. Jefferies Group reissued a “buy” rating and issued a $59.00 price target on shares of Newell Rubbermaid in a research note on Thursday, July 14th. Barclays PLC initiated coverage on Newell Rubbermaid in a research note on Monday, April 25th. They issued an “overweight” rating and a $57.00 price target for the company. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Newell Rubbermaid in a research note on Thursday, April 14th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.27.

The firm’s 50-day moving average price is $49.62 and its 200-day moving average price is $44.87. The company has a market capitalization of $24.24 billion and a price-to-earnings ratio of 52.43.

Newell Rubbermaid (NYSE:NWL) last posted its earnings results on Friday, July 29th. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the business earned $0.64 EPS. Newell Rubbermaid’s quarterly revenue was up 147.2% compared to the same quarter last year. Equities research analysts expect that Newell Rubbermaid Inc. will post $2.87 earnings per share for the current fiscal year.

In other Newell Rubbermaid news, CFO John K. Stipancich sold 21,982 shares of Newell Rubbermaid stock in a transaction on Monday, May 16th. The stock was sold at an average price of $47.47, for a total value of $1,043,485.54. Following the completion of the transaction, the chief financial officer now owns 71,786 shares in the company, valued at approximately $3,407,681.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ian G. H. Ashken sold 346,781 shares of Newell Rubbermaid stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $48.51, for a total value of $16,822,346.31. Following the completion of the transaction, the director now owns 992,909 shares of the company’s stock, valued at approximately $48,166,015.59. The disclosure for this sale can be found here.

A number of institutional investors have modified their holdings of NWL. American International Group Inc. increased its position in shares of Newell Rubbermaid by 0.5% in the fourth quarter. American International Group Inc. now owns 123,918 shares of the company’s stock valued at $5,462,000 after buying an additional 561 shares during the last quarter. Advantus Capital Management Inc increased its position in shares of Newell Rubbermaid by 3.8% in the fourth quarter. Advantus Capital Management Inc now owns 25,907 shares of the company’s stock valued at $1,142,000 after buying an additional 938 shares during the last quarter. Suntrust Banks Inc. increased its position in shares of Newell Rubbermaid by 2.7% in the fourth quarter. Suntrust Banks Inc. now owns 61,085 shares of the company’s stock valued at $2,692,000 after buying an additional 1,610 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in shares of Newell Rubbermaid by 5.6% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 35,573 shares of the company’s stock valued at $1,568,000 after buying an additional 1,880 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Newell Rubbermaid by 6.7% in the fourth quarter. US Bancorp DE now owns 69,426 shares of the company’s stock valued at $3,061,000 after buying an additional 4,363 shares during the last quarter.

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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