LMR Partners LLP Takes Position in Newell Rubbermaid Inc. (NWL)
LMR Partners LLP acquired a new position in Newell Rubbermaid Inc. (NYSE:NWL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,366 shares of the company’s stock, valued at approximately $1,329,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its position in Newell Rubbermaid by 169.9% in the second quarter. American Century Companies Inc. now owns 5,729,092 shares of the company’s stock worth $278,262,000 after buying an additional 3,606,287 shares during the last quarter. Wellington Management Group LLP increased its position in Newell Rubbermaid by 24.5% in the first quarter. Wellington Management Group LLP now owns 5,585,781 shares of the company’s stock worth $247,395,000 after buying an additional 1,100,593 shares in the last quarter. First Manhattan Co. increased its position in Newell Rubbermaid by 2,531.7% in the second quarter. First Manhattan Co. now owns 2,796,704 shares of the company’s stock worth $135,835,000 after buying an additional 2,690,434 shares in the last quarter. Geode Capital Management LLC increased its position in Newell Rubbermaid by 2.3% in the first quarter. Geode Capital Management LLC now owns 2,149,126 shares of the company’s stock worth $94,988,000 after buying an additional 47,310 shares in the last quarter. Finally, Prudential PLC increased its position in Newell Rubbermaid by 0.7% in the first quarter. Prudential PLC now owns 1,894,900 shares of the company’s stock worth $83,925,000 after buying an additional 13,827 shares in the last quarter. Institutional investors and hedge funds own 93.12% of the company’s stock.
Shares of Newell Rubbermaid Inc. (NYSE:NWL) traded down 0.78% during trading on Friday, reaching $51.91. The company’s stock had a trading volume of 2,903,602 shares. Newell Rubbermaid Inc. has a 52-week low of $33.26 and a 52-week high of $55.45. The stock has a market cap of $25.03 billion, a P/E ratio of 50.35 and a beta of 1.18. The stock has a 50-day moving average of $52.41 and a 200-day moving average of $49.06.
Newell Rubbermaid (NYSE:NWL) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. The firm earned $3.86 billion during the quarter, compared to the consensus estimate of $3.76 billion. Newell Rubbermaid had a return on equity of 18.55% and a net margin of 3.91%. The company’s quarterly revenue was up 147.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 earnings per share. Analysts predict that Newell Rubbermaid Inc. will post $2.88 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Monday, August 29th. Newell Rubbermaid’s dividend payout ratio (DPR) is presently 76.00%.
A number of research analysts have weighed in on NWL shares. Zacks Investment Research downgraded Newell Rubbermaid from a “buy” rating to a “hold” rating in a research note on Monday, June 20th. Jefferies Group restated a “buy” rating and issued a $59.00 price target on shares of Newell Rubbermaid in a research note on Wednesday, June 29th. B. Riley restated a “buy” rating and issued a $60.00 price target on shares of Newell Rubbermaid in a research note on Monday, August 1st. Royal Bank Of Canada restated a “top pick” rating and issued a $60.00 price target on shares of Newell Rubbermaid in a research note on Monday, August 1st. Finally, Deutsche Bank AG raised their price target on Newell Rubbermaid from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, August 1st. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Newell Rubbermaid presently has a consensus rating of “Buy” and a consensus price target of $57.50.
Newell Rubbermaid Company Profile
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.
Want to see what other hedge funds are holding NWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newell Rubbermaid Inc. (NYSE:NWL).
Receive News & Ratings for Newell Rubbermaid Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Rubbermaid Inc. and related companies with MarketBeat.com's FREE daily email newsletter.