17,853 Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB) Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 17,853 shares of the company’s stock, valued at approximately $1,424,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new position in Spectrum Brands during the 3rd quarter valued at $4,452,000. California Public Employees Retirement System lifted its position in shares of Spectrum Brands by 32.5% during the 3rd quarter. California Public Employees Retirement System now owns 72,330 shares of the company’s stock valued at $5,667,000 after acquiring an additional 17,753 shares during the last quarter. Loomis Sayles & Co. L P lifted its position in shares of Spectrum Brands by 5.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 152,745 shares of the company’s stock valued at $11,968,000 after acquiring an additional 8,431 shares during the last quarter. Bank of Nova Scotia acquired a new stake in shares of Spectrum Brands during the 3rd quarter valued at $1,118,000. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Spectrum Brands during the 3rd quarter valued at $122,000.

Spectrum Brands Price Performance

SPB opened at $80.07 on Friday. The stock has a fifty day moving average of $83.60 and a 200-day moving average of $78.83. The firm has a market capitalization of $2.42 billion, a P/E ratio of 1.74, a PEG ratio of 0.56 and a beta of 1.20. Spectrum Brands Holdings, Inc. has a 12-month low of $63.64 and a 12-month high of $89.64. The company has a quick ratio of 2.75, a current ratio of 3.36 and a debt-to-equity ratio of 0.60.

Spectrum Brands (NYSE:SPB) last released its earnings results on Thursday, February 8th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.47. The company had revenue of $692.20 million during the quarter, compared to analyst estimates of $674.20 million. Spectrum Brands had a return on equity of 4.66% and a net margin of 63.89%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.32) earnings per share. Equities analysts forecast that Spectrum Brands Holdings, Inc. will post 3.79 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.68 annualized dividend and a dividend yield of 2.10%. Spectrum Brands’s dividend payout ratio is 3.65%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. StockNews.com upgraded Spectrum Brands from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Wells Fargo & Company increased their price objective on Spectrum Brands from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Canaccord Genuity Group reiterated a “hold” rating and set a $86.00 price objective (up previously from $83.00) on shares of Spectrum Brands in a research report on Friday, February 9th. Royal Bank of Canada increased their price objective on Spectrum Brands from $89.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Finally, Monness Crespi & Hardt increased their target price on Spectrum Brands from $87.00 to $98.00 and gave the company a “buy” rating in a report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Spectrum Brands presently has a consensus rating of “Hold” and a consensus target price of $89.17.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.