Newell Rubbermaid CAO Unloads $74,026 in Stock (NWL)
Newell Rubbermaid (NYSE:NWL) CAO John B. Ellis unloaded 2,223 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $33.30, for a total transaction of $74,025.90. Following the transaction, the chief accounting officer now directly owns 23,762 shares of the company’s stock, valued at approximately $791,275. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on NWL shares. 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, August 4th. 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, August 1st. 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, August 1st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Newell Rubbermaid presently has a consensus rating of “Buy” and an average target price of $35.38.
Newell Rubbermaid (NYSE:NWL) traded up 0.06% during mid-day trading on Monday, hitting $33.50. 1,695,188 shares of the company’s stock traded hands. Newell Rubbermaid has a 1-year low of $24.32 and a 1-year high of $33.64. The stock has a 50-day moving average of $31.73 and a 200-day moving average of $30.61. The company has a market cap of $9.293 billion and a price-to-earnings ratio of 18.61.
Newell Rubbermaid (NYSE:NWL) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.59 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts predict that Newell Rubbermaid will post $2.00 earnings per share 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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