22,728 Shares in Newell Rubbermaid Inc. (NWL) Acquired by Pitcairn Co.
Pitcairn Co. bought a new stake in Newell Rubbermaid Inc. (NYSE:NWL) during the second quarter, Holdings Channel reports. The firm bought 22,728 shares of the company’s stock, valued at approximately $1,104,000.
Several other large investors have also recently bought and sold shares of NWL. B & T Capital Management DBA Alpha Capital Management bought a new stake in shares of Newell Rubbermaid during the first quarter worth approximately $311,000. Virginia Retirement System bought a new stake in shares of Newell Rubbermaid during the first quarter worth approximately $5,564,000. Mn Services Vermogensbeheer B.V. bought a new stake in shares of Newell Rubbermaid during the first quarter worth approximately $258,000. Commonwealth Equity Services Inc raised its stake in shares of Newell Rubbermaid by 15.8% in the first quarter. Commonwealth Equity Services Inc now owns 23,518 shares of the company’s stock worth $1,042,000 after buying an additional 3,209 shares in the last quarter. Finally, Sumitomo Life Insurance Co. raised its stake in shares of Newell Rubbermaid by 26.6% in the first quarter. Sumitomo Life Insurance Co. now owns 35,164 shares of the company’s stock worth $1,557,000 after buying an additional 7,380 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.
Shares of Newell Rubbermaid Inc. (NYSE:NWL) traded up 0.92% during mid-day trading on Tuesday, hitting $51.61. 2,941,572 shares of the company were exchanged. The company has a market capitalization of $24.89 billion, a price-to-earnings ratio of 50.06 and a beta of 1.27. Newell Rubbermaid Inc. has a 12-month low of $33.26 and a 12-month high of $55.45. The firm has a 50 day moving average of $53.13 and a 200 day moving average of $48.14.
Newell Rubbermaid (NYSE:NWL) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.06. The business 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%. Newell Rubbermaid’s revenue for the quarter was up 147.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Equities research analysts forecast that Newell Rubbermaid Inc. will post $2.88 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.47%. The ex-dividend date was Monday, August 29th. Newell Rubbermaid’s payout ratio is 76.00%.
A number of equities research analysts have commented on NWL shares. RBC Capital Markets reissued a “buy” rating on shares of Newell Rubbermaid in a report on Monday, August 1st. Jefferies Group reissued a “top pick” rating and set a $66.00 price objective on shares of Newell Rubbermaid in a report on Wednesday, September 14th. Zacks Investment Research lowered shares of Newell Rubbermaid from a “buy” rating to a “hold” rating in a report on Monday, June 20th. Citigroup Inc. reissued a “buy” rating and set a $61.00 price objective on shares of Newell Rubbermaid in a report on Tuesday, August 2nd. Finally, Deutsche Bank AG increased their price objective on shares of Newell Rubbermaid from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $57.27.
In other Newell Rubbermaid news, Director Ian G. H. Ashken sold 346,781 shares of the business’s stock in a transaction dated 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 owns 992,909 shares of the company’s stock, valued at $48,166,015.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.66% of the company’s stock.
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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