Trade Report: The Newell Rubbermaid Inc. (NWL) Position Increased by Deprince Race & Zollo Inc.

The Newell Rubbermaid Inc. (NWL) Position Increased by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. boosted its stake in shares of Newell Rubbermaid Inc. (NYSE:NWL) by 25.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,500 shares of the company’s stock after buying an additional 1,500 shares during the period. Deprince Race & Zollo Inc.’s holdings in Newell Rubbermaid were worth $364,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NWL. American Century Companies Inc. increased its position in shares of Newell Rubbermaid by 169.9% in the second quarter. American Century Companies Inc. now owns 5,729,092 shares of the company’s stock valued at $278,262,000 after buying an additional 3,606,287 shares during the period. Wellington Management Group LLP increased its position in shares of Newell Rubbermaid by 24.5% in the first quarter. Wellington Management Group LLP now owns 5,585,781 shares of the company’s stock valued at $247,395,000 after buying an additional 1,100,593 shares during the period. First Manhattan Co. increased its position in shares of Newell Rubbermaid by 2,531.7% in the second quarter. First Manhattan Co. now owns 2,796,704 shares of the company’s stock valued at $135,835,000 after buying an additional 2,690,434 shares during the period. Geode Capital Management LLC increased its position in shares of Newell Rubbermaid by 2.3% in the first quarter. Geode Capital Management LLC now owns 2,149,126 shares of the company’s stock valued at $94,988,000 after buying an additional 47,310 shares during the period. Finally, Prudential PLC increased its position in shares of Newell Rubbermaid by 0.7% in the first quarter. Prudential PLC now owns 1,894,900 shares of the company’s stock valued at $83,925,000 after buying an additional 13,827 shares during the period. 93.12% of the stock is owned by institutional investors.

Shares of Newell Rubbermaid Inc. (NYSE:NWL) traded down 0.78% during trading on Friday, hitting $51.91. The stock had a trading volume of 2,903,602 shares. Newell Rubbermaid Inc. has a 1-year low of $33.26 and a 1-year high of $55.45. The firm has a 50 day moving average of $52.41 and a 200 day moving average of $49.06. The company has a market capitalization of $25.03 billion, a price-to-earnings ratio of 50.35 and a beta of 1.18.

Newell Rubbermaid (NYSE:NWL) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. The business had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Newell Rubbermaid had a return on equity of 18.55% and a net margin of 3.91%. The firm’s quarterly revenue was up 147.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 earnings per share. Analysts expect that Newell Rubbermaid Inc. will post $2.88 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were issued 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 currently 76.00%.

Several equities analysts have recently issued reports on NWL shares. Deutsche Bank AG boosted their price target on shares of Newell Rubbermaid from $52.00 to $60.00 and gave the company a “buy” rating in a report on Monday, August 1st. Jefferies Group reaffirmed a “top pick” rating and issued a $66.00 price objective on shares of Newell Rubbermaid in a report on Wednesday, September 14th. Zacks Investment Research downgraded shares of Newell Rubbermaid from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Citigroup Inc. reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Newell Rubbermaid in a report on Tuesday, August 2nd. Finally, B. Riley reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Newell Rubbermaid in a report on Monday, August 1st. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Newell Rubbermaid has an average rating of “Buy” and an average price target 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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