Jefferies Group Reaffirms Top Pick Rating for Newell Rubbermaid Inc. (NWL)
Jefferies Group reaffirmed their top pick rating on shares of Newell Rubbermaid Inc. (NYSE:NWL) in a research note published on Wednesday. Jefferies Group currently has a $66.00 price objective on the stock.
Other research analysts also recently issued research reports about the stock. Citigroup Inc. reiterated a buy rating and issued a $61.00 price objective on shares of Newell Rubbermaid in a research report on Tuesday, August 2nd. RBC Capital Markets reiterated a buy rating on shares of Newell Rubbermaid in a research report on Monday, August 1st. Deutsche Bank AG upped their price objective on shares of Newell Rubbermaid from $52.00 to $60.00 and gave the stock a buy rating in a research report on Monday, August 1st. Zacks Investment Research raised shares of Newell Rubbermaid from a hold rating to a buy rating and set a $55.00 target price for the company in a research note on Tuesday, July 5th. Finally, B. Riley reissued a buy rating and set a $60.00 target price on shares of Newell Rubbermaid 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. Newell Rubbermaid has a consensus rating of Buy and an average target price of $57.27.
Shares of Newell Rubbermaid (NYSE:NWL) opened at 50.99 on Wednesday. The company has a market cap of $24.59 billion, a P/E ratio of 49.46 and a beta of 1.27. Newell Rubbermaid has a 52 week low of $33.26 and a 52 week high of $55.45. The firm has a 50-day moving average of $53.13 and a 200 day moving average of $47.74.
Newell Rubbermaid (NYSE:NWL) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 3.91% and a return on equity of 18.55%. The company’s revenue was up 147.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Equities analysts expect that Newell Rubbermaid will post $2.88 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were paid a $0.19 dividend. The ex-dividend date was Monday, August 29th. This represents a $0.76 annualized dividend and a dividend yield of 1.49%. Newell Rubbermaid’s dividend payout ratio (DPR) is 76.00%.
In other news, Director Ian G. H. Ashken sold 346,781 shares of the stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $48.51, for a total value of $16,822,346.31. Following the completion of the sale, the director now owns 992,909 shares of the company’s stock, valued at approximately $48,166,015.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.66% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of NWL. Quadrant Capital Group LLC boosted its stake in Newell Rubbermaid by 66.6% in the second quarter. Quadrant Capital Group LLC now owns 2,467 shares of the company’s stock valued at $116,000 after buying an additional 986 shares during the period. Seven Bridges Advisors LLC bought a new position in shares of Newell Rubbermaid during the second quarter valued at approximately $137,000. Parkside Financial Bank & Trust raised its position in shares of Newell Rubbermaid by 13.2% in the second quarter. Parkside Financial Bank & Trust now owns 2,837 shares of the company’s stock valued at $138,000 after buying an additional 330 shares in the last quarter. FineMark National Bank & Trust bought a new position in shares of Newell Rubbermaid during the second quarter valued at approximately $146,000. Finally, NN Investment Partners Holdings N.V. raised its position in shares of Newell Rubbermaid by 56.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 3,101 shares of the company’s stock valued at $151,000 after buying an additional 1,120 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.
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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