Investors Sell Newell Rubbermaid Inc. (NWL) on Strength (NWL)
Traders sold shares of Newell Rubbermaid Inc. (NYSE:NWL) on strength during trading on Monday. $14.52 million flowed into the stock on the tick-up and $58.30 million flowed out of the stock on the tick-down, for a money net flow of $43.78 million out of the stock. Of all equities tracked, Newell Rubbermaid had the 8th highest net out-flow for the day. Newell Rubbermaid traded up $0.05 for the day and closed at $53.85
Several brokerages have recently issued reports on NWL. RBC Capital Markets reiterated a “buy” rating on shares of Newell Rubbermaid in a research report on Monday, August 1st. Citigroup Inc. reiterated a “buy” rating and set a $61.00 price target on shares of Newell Rubbermaid in a research report on Tuesday, August 2nd. Zacks Investment Research cut Newell Rubbermaid from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Royal Bank Of Canada reiterated a “top pick” rating and set a $60.00 price target on shares of Newell Rubbermaid in a research report on Monday, August 1st. Finally, Deutsche Bank AG raised their price objective on Newell Rubbermaid from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $57.27.
The stock has a 50 day moving average of $51.28 and a 200 day moving average of $45.95. The stock has a market capitalization of $25.97 billion and a price-to-earnings ratio of 52.23.
Newell Rubbermaid (NYSE:NWL) last issued its earnings results on Friday, July 29th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The company earned $3.86 billion during the quarter, compared to analyst estimates of $3.76 billion. The business’s quarterly revenue was up 147.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 EPS. Equities research analysts predict that Newell Rubbermaid Inc. will post $2.87 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be given a $0.19 dividend. The ex-dividend date is Monday, August 29th. This represents a $0.76 dividend on an annualized basis and a yield of 1.41%.
In other news, Director Ian G. H. Ashken sold 346,781 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director now owns 992,909 shares of the company’s stock, valued at $48,166,015.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sole Domenico De purchased 4,180 shares of the company’s stock in a transaction dated Thursday, June 2nd. The shares were acquired at an average cost of $47.79 per share, with a total value of $199,762.20. Following the purchase, the director now directly owns 53,469 shares of the company’s stock, valued at approximately $2,555,283.51. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in Newell Rubbermaid stock. American International Group Inc. raised its stake in shares of Newell Rubbermaid Inc. (NYSE:NWL) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123,918 shares of the company’s stock after buying an additional 561 shares during the period. American International Group Inc.’s holdings in Newell Rubbermaid were worth $5,462,000 as of its most recent SEC filing.
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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