Newell Rubbermaid CFO Douglas L. Martin Sells 12,000 Shares (NWL)
Newell Rubbermaid (NYSE:NWL) CFO Douglas L. Martin unloaded 12,000 shares of the stock on the open market in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $33.15, for a total transaction of $397,800.00. Following the sale, the chief financial officer now directly owns 20,426 shares of the company’s stock, valued at approximately $677,122. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on NWL. Analysts at B. Riley raised their price target on shares of Newell Rubbermaid from $30.00 to $35.00 in a research note on Monday. They now have a “neutral” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Newell Rubbermaid from $33.00 to $36.00 in a research note on Friday. They now have an “overweight” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Newell Rubbermaid from $34.00 to $36.00 in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $34.89.
Newell Rubbermaid (NYSE:NWL) traded down 0.96% during mid-day trading on Tuesday, hitting $32.87. The stock had a trading volume of 2,138,200 shares. Newell Rubbermaid has a 1-year low of $24.32 and a 1-year high of $33.28. The stock’s 50-day moving average is $31.44 and its 200-day moving average is $30.54. The company has a market cap of $9.118 billion and a price-to-earnings ratio of 18.45.
Newell Rubbermaid (NYSE:NWL) last released its earnings data on Thursday, July 31st. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.04. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the company posted $0.50 earnings per share. Newell Rubbermaid’s revenue was up 3.1% compared to the same quarter last year. Analysts expect that Newell Rubbermaid will post $2.00 EPS for the current fiscal year.
Newell Rubbermaid Inc is a global marketer of consumer and commercial products. The Company’s products are marketed under a portfolio of brands, including Rubbermaid, Levolor, Goody, Calphalon, Sharpie, Paper Mate, Parker, Waterman, Irwin, Lenox, Graco, Aprica and Dymo.
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