Newell Rubbermaid Inc. (NWL) Shares Gap Up to $53.85
Newell Rubbermaid Inc. (NYSE:NWL)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $53.65, but opened at $53.85. Newell Rubbermaid shares last traded at $54.19, with a volume of 1,388,354 shares.
A number of research firms have commented on NWL. Zacks Investment Research cut shares of Newell Rubbermaid from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Citigroup Inc. restated a “buy” rating and set a $61.00 target price on shares of Newell Rubbermaid in a research note on Tuesday, August 2nd. RBC Capital Markets restated a “buy” rating on shares of Newell Rubbermaid in a research note on Monday, August 1st. Deutsche Bank AG raised their target price on shares of Newell Rubbermaid from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. Finally, Royal Bank Of Canada restated a “top pick” rating and set a $60.00 target price on shares of Newell Rubbermaid in a research note on Monday, August 1st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $57.27.
The stock has a market capitalization of $25.83 billion and a P/E ratio of 51.95. The company has a 50-day moving average of $51.53 and a 200-day moving average of $46.14.
Newell Rubbermaid (NYSE:NWL) last released its quarterly earnings data 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 earned $3.86 billion during the quarter, compared to analysts’ expectations of $3.76 billion. The company’s revenue for the quarter was up 147.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 EPS. On average, equities research analysts anticipate that Newell Rubbermaid Inc. will post $2.87 EPS for the current fiscal year.
The business also recently disclosed 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 annualized dividend and a yield of 1.41%.
In other news, Director Ian G. H. Ashken sold 346,781 shares of the company’s stock in a transaction that occurred on Thursday, June 23rd. The stock was 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 directly owns 992,909 shares of the company’s stock, valued at approximately $48,166,015.59. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Sole Domenico De bought 4,180 shares of Newell Rubbermaid 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 completion of the purchase, the director now owns 53,469 shares in the company, valued at $2,555,283.51. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in Newell Rubbermaid stock. American International Group Inc. raised its stake in Newell Rubbermaid Inc. (NYSE:NWL) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 filing with the SEC.
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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