Ownership Don’t Lie: Newell Rubbermaid Inc Sentiment Increases on Better Stock Potential

November 28, 2016 - By Ruchi Gupta   ·   0 Comments

Ownership Don't Lie: Newell Rubbermaid Inc Sentiment  Increases on Better Stock Potential

Sentiment for Newell Rubbermaid Inc (NYSE:NWL)

Newell Rubbermaid Inc (NYSE:NWL) institutional sentiment decreased to 1.18 in 2016 Q2. Its down -2.17, from 3.35 in 2016Q1. The ratio has dropped, as 442 investment managers increased or opened new equity positions, while 132 sold and reduced stock positions in Newell Rubbermaid Inc. The investment managers in our partner’s database reported: 872.10 million shares, up from 298.39 million shares in 2016Q1. Also, the number of investment managers holding Newell Rubbermaid Inc in their top 10 equity positions increased from 13 to 22 for an increase of 9. Sold All: 31 Reduced: 101 Increased: 277 New Position: 165.

Newell Brands Inc, formerly Newell Rubbermaid Inc., is a global consumer goods company. The company has a market cap of $23.20 billion. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. It has a 88.87 P/E ratio. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.

About 866,498 shares traded hands. Newell Brands Inc (NYSE:NWL) has risen 10.04% since April 25, 2016 and is uptrending. It has outperformed by 4.02% the S&P500.

Analysts await Newell Brands Inc (NYSE:NWL) to report earnings on February, 3. They expect $0.80 EPS, up 42.86% or $0.24 from last year’s $0.56 per share. NWL’s profit will be $388.28 million for 14.94 P/E if the $0.80 EPS becomes a reality. After $0.78 actual EPS reported by Newell Brands Inc for the previous quarter, Wall Street now forecasts 2.56% EPS growth.

According to Zacks Investment Research, “Newell Brands is a leading global consumer goods company with a strong portfolio of well-known brands, like Paper Mate, Sharpie, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid, Contigo and many others. The company is based in Atlanta, Georgia and was formerly known as Newell Rubbermaid.”

Kingdon Capital Management L.L.C. holds 8.27% of its portfolio in Newell Brands Inc for 3.10 million shares. Palestra Capital Management Llc owns 1.90 million shares or 7.39% of their US portfolio. Moreover, Sadoff Investment Management Llc has 5.2% invested in the company for 895,903 shares. The Ontario – Canada-based Cumberland Partners Ltd has invested 4.65% in the stock. Kings Point Capital Management, a New York-based fund reported 357,329 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 4 buys, and 0 sales for $1.36 million net activity.

Newell Brands Inc (NYSE:NWL) Ratings Coverage

Ratings analysis reveals 92% of Newell Rubbermaid Inc.’s analysts are positive. Out of 12 Wall Street analysts rating Newell Rubbermaid Inc., 11 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $36 while the high is $60. The stock’s average target of $52 is 8.79% above today’s ($47.8) share price. NWL was included in 20 notes of analysts from August 4, 2015. The company was maintained on Tuesday, September 8 by RBC Capital Markets. The stock of Newell Brands Inc (NYSE:NWL) has “Outperform” rating given on Monday, August 3 by RBC Capital Markets. The stock of Newell Brands Inc (NYSE:NWL) has “Overweight” rating given on Tuesday, December 15 by Piper Jaffray. Oppenheimer maintained the shares of NWL in a report on Friday, February 12 with “Perform” rating. Barclays Capital maintained it with “Overweight” rating and $57 target price in Monday, April 25 report. The rating was reinitiated by Wells Fargo on Tuesday, November 15 with “Outperform”. The stock of Newell Brands Inc (NYSE:NWL) has “Buy” rating given on Monday, May 2 by UBS. The stock of Newell Brands Inc (NYSE:NWL) earned “Buy” rating by B. Riley & Co on Monday, May 2. Gabelli initiated the stock with “Buy” rating in Monday, February 8 report. The company was initiated on Tuesday, July 21 by Sterne Agee CRT.

NWL Company Profile

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.

Another recent and important Newell Brands Inc (NYSE:NWL) news was published by Businesswire.com which published an article titled: “Newell Brands to Reaffirm 2016 and 2017 Outlook at Morgan Stanley Global …” on November 14, 2016.

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By Ruchi Gupta


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