Huntington National Bank Sells 28,285 Shares of Newell Rubbermaid Inc. (NWL)
Huntington National Bank reduced its position in shares of Newell Rubbermaid Inc. (NYSE:NWL) by 14.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 173,020 shares of the company’s stock after selling 28,285 shares during the period. Huntington National Bank’s holdings in Newell Rubbermaid were worth $8,404,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Carroll Financial Associates Inc. raised its stake in shares of Newell Rubbermaid by 3.2% in the second quarter. Carroll Financial Associates Inc. now owns 5,160 shares of the company’s stock valued at $250,000 after buying an additional 160 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Newell Rubbermaid by 1.2% in the second quarter. Private Trust Co. NA now owns 15,368 shares of the company’s stock valued at $746,000 after buying an additional 183 shares in the last quarter. FirstMerit Bank N A Trustee raised its stake in shares of Newell Rubbermaid by 2.3% in the second quarter. FirstMerit Bank N A Trustee now owns 42,546 shares of the company’s stock valued at $2,067,000 after buying an additional 970 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in shares of Newell Rubbermaid by 8.7% in the second quarter. Rehmann Capital Advisory Group now owns 12,503 shares of the company’s stock valued at $607,000 after buying an additional 1,004 shares in the last quarter. Finally, Credit Agricole S A raised its stake in shares of Newell Rubbermaid by 1.2% in the first quarter. Credit Agricole S A now owns 89,623 shares of the company’s stock valued at $3,969,000 after buying an additional 1,096 shares in the last quarter. 93.12% of the stock is owned by institutional investors and hedge funds.
Shares of Newell Rubbermaid Inc. (NYSE:NWL) traded up 1.36% during mid-day trading on Thursday, hitting $52.12. The stock had a trading volume of 4,106,117 shares. The stock’s 50-day moving average is $52.15 and its 200 day moving average is $49.23. Newell Rubbermaid Inc. has a 12 month low of $33.26 and a 12 month high of $55.45. The company has a market cap of $25.13 billion, a PE ratio of 50.55 and a beta of 1.18.
Newell Rubbermaid (NYSE:NWL) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $3.86 billion for 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. On average, equities research analysts forecast that Newell Rubbermaid Inc. will post $2.88 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Monday, August 29th. Newell Rubbermaid’s dividend payout ratio (DPR) is presently 76.00%.
Several equities research analysts have recently issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $60.00 target price on shares of Newell Rubbermaid in a research report on Monday. Bank of America Corp. set a $60.00 price objective on Newell Rubbermaid and gave the stock a “buy” rating in a report on Tuesday, October 4th. Jefferies Group reissued a “buy” rating and issued a $66.00 price objective on shares of Newell Rubbermaid in a report on Tuesday, October 4th. Zacks Investment Research raised Newell Rubbermaid from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Monday, October 3rd. Finally, Citigroup Inc. reissued a “buy” rating and issued a $61.00 price objective on shares of Newell Rubbermaid in a report on Tuesday, August 2nd. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Newell Rubbermaid currently has a consensus rating of “Buy” and a consensus target price of $57.50.
About Newell Rubbermaid
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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