The Company operates in five segments: Writing which designs manufactures or sources and distributes writing instruments and labeling solutions primarily for use in business and the home; Home Solutions which designs manufactures or sources and distributes a range of consumer products under various brand names; Tools which designs manufactures or sources and distributes hand tools and power tool accessories industrial bandsaw blades tools and industrial-labeling solutions; Commercial Products which designs manufactures or sources and distributes cleaning and refuse products hygiene systems material handling solutions and medical and computer carts and Baby & Parenting which designs and distributes infant and juvenile products. Further, the company remains confident of reaching its 2016 earnings and sales targets. Also, Newell’s solid financials help it drive shareholder value and future development via value-added investments. “However, the company’s significant global presence exposes it to adverse currency movements and any further prevalence of these headwinds in the future is likely to weigh upon results”.
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Other hedge funds and institutional investors recently bought and sold shares of the company.
12/16/2015 – Newell Rubbermaid Inc. was upgraded to “top pick” by analysts at RBC Capital. “We are making good progress on the integration of the legacy Newell Rubbermaid and Jarden businesses”. The stock’s market capitalization is 23.99B.
A number of other equities research analysts also recently commented on NWL. Company shares were Reiterated by Deutsche Bank on Aug 1, 2016 to “Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $52. Zacks Investment Research lowered shares of Newell Rubbermaid from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Newell Rubbermaid in a report on Monday, May 2nd. 11 said it’s a Buy, 1 assigned Hold rating where 0 stated the stock as Underperform and 0 marked the stock as Sell. Ashken Ian G H offloaded 346,781 shares in the company at a per-share price of $48.51 and ended up generating $16,822,350 in proceeds. The company stock was initiated at Buy, wrote analysts at Gabelli & Co, in a research note issued to clients on Monday February 08, 2016. Following the completion of the sale, the chief financial officer now owns 71,786 shares of the company’s stock, valued at $3,407,681.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The stock was sold at an average price of $47.02, for a total transaction of $1,640,151.64. Beta factor is used to measure the volatility of the stock. The disclosure for this sale can be found here.
Newell Brands Inc (NYSE:NWL) now has mean rating of 1.8 while 11 analyst have recommended the shares as “BUY”, 5 commented as “OUTPERFORM” and 1 commented as “HOLD”. It has twelve month low of $33.26 and twelve month high of $54.53. The stock has a market cap of $24.05 billion and a P/E ratio of 52.03.
Newell Rubbermaid (NYSE:NWL) last posted its quarterly earnings data on Friday, July 29th.
On the company’s financial health, Newell Rubbermaid reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 29, 2016.
While Looking at the Earnings Estimates of the company, The Average Earnings Estimate for the Current Fiscal quarter is measured as $0.72 by 15 analysts. The stock price is moving up from its 20 days moving average with 7.65% and isolated positively from 50 days moving average with 8.79%.
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Newell Brands Inc. (NYSE:NWL) reported Net sales growth of 147.2 percent to $3.86 billion; core sales growth of 5.0 percent.
