Newell Rubbermaid (NYSE:NWL) Receives a Downgrade
Raymond James has given Newell Rubbermaid (NYSE:NWL) shares a new “Mkt Perform” rating in analysts report made public on Tuesday morning. This was a cut price from the earlier “Outperform” rating.
From a total of 15 analysts covering Newell Rubbermaid Inc. (NYSE:NWL) stock, 14 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 88% of the ratings are positive. The highest target price is $51 while the lowest target price is $40. The mean of all analyst targets is $48 with a 11.97% above today’s ($44.12) stock price. Newell Rubbermaid Inc. was the topic of 9 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Jefferies initiated shares on September 28 with “Buy” rating. Sterne Agee CRT initiated NWL stock in a recent report from July 21 with “Buy” rating.
The stock increased 4.67% or $1.97 on December 15, striking $44.12. Approximately 20.31 million shares of stock traded hands or 553.05% up from the average. Newell Rubbermaid Inc. (NYSE:NWL) has risen 5.64% since May 12, 2015 and is uptrending. It has outperformed by 9.32% the S&P500.
The overall sentiment of institutions has increased to 1.01 in Q2 2015. Its up 0.24, from 0.77 in 2015Q2. The ratio is positive, as 34 institutions have sold all the shares of Newell Rubbermaid Inc. that they owned while 166 funds have taken shares off the table. 57 funds have purchased shares for the first time while 145 added to their positions. These institutions now hold 219.75 million shares or 8.25% less than the 239.51 million shares they owned in 2015Q2.
The Fund Smithwood Advisers L.P. currently is holding shares equating to 4.84% of its total portfolio in Newell Rubbermaid Inc. representing a total of 500,000 shares. Another fund,Sadoff Investment Management Llc, is holding a total of 931,324 shares equating to 4.83% of their holdings. Additionally, Kings Point Capital Management has a 334,898 share stake in Newell Rubbermaid Inc. which represents 3.5% of their total portfolio. The Fund, Capital International Ltd Ca, based out of California, has also built up a stake in the stock, which represents a total of 2.7% of their total portfolio. Finally Euclid Advisors Llc, a fund which is based in the state of Connecticut reported a total holdings of 1.42 million shares.
Insider activity is a very important aspect to track on any stock. Going back to March 12, 2015, shareholders of Newell Rubbermaid Inc. have witnessed 0 insider buys, and a total of 2 insider sales equating to a net activity of approximately $277,466 . Strobel Steven J sold 6,000 shares worth approximately $261,900. Turner Bradford R sold 359 shares worth approximately $15,566. Montgomery Cynthia Ann sold 2,226 shares worth approximately $86,925. Viault Raymond G sold 2,183 shares worth approximately $86,883. The company insider Oleary Christopher D bought 100 shares worth $3,796.
Newell Rubbermaid Inc. is a marketer of consumer and commercial products. The company has a market cap of $11.29 billion. The Firm operates in five divisions: Writing, which designs, makes or sources, and distributes writing instruments and labeling solutions, primarily for use in business and the home; Home Solutions, which designs, makes or sources, and distributes a range of consumer products under various brand names; Tools, which designs, makes or sources, and distributes hand tools and power tool accessories, industrial bandsaw blades, tools and industrial-labeling solutions; Commercial Products, which designs, makes or sources, and distributes cleaning and refuse products, hygiene systems, material handling solutions, and medical and computer carts, and Baby & Parenting, which creates and distributes infant and juvenile products. It has 30.91 P/E ratio.
According to Zacks Investment Research, “Newell Rubbermaid, Inc. is a global manufacturer and full-service marketer of name-brand consumer products serving the needs of volume purchasers, including discount stores and warehouse clubs, home centers and hardware stores, and office superstores and contract stationers. The company’s multi-product offering consists of name-brand consumer products in six business segments: Storage, Organization & Cleaning; Home Decor; Office Products; Infant/Juvenile Care & Play; Food Preparation, Cooking & Serving and Hardware & Tools.”