Strs Ohio Trims Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Strs Ohio decreased its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 87.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,187 shares of the company’s stock after selling 94,719 shares during the period. Strs Ohio’s holdings in Spectrum Brands were worth $1,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC raised its stake in shares of Spectrum Brands by 1,713.6% during the 4th quarter. International Assets Investment Management LLC now owns 399 shares of the company’s stock valued at $32,000 after buying an additional 377 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Spectrum Brands by 53.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the company’s stock valued at $36,000 after acquiring an additional 160 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Spectrum Brands during the 4th quarter valued at about $71,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Spectrum Brands during the 4th quarter valued at about $79,000. Finally, USA Financial Formulas acquired a new stake in shares of Spectrum Brands during the 3rd quarter valued at about $101,000.

Spectrum Brands Trading Up 0.9 %

SPB stock opened at $80.51 on Wednesday. The company has a current ratio of 3.36, a quick ratio of 2.75 and a debt-to-equity ratio of 0.60. Spectrum Brands Holdings, Inc. has a 12-month low of $63.64 and a 12-month high of $89.64. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 1.75, a PEG ratio of 0.55 and a beta of 1.20. The business’s 50-day moving average is $83.08 and its 200 day moving average is $78.97.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.47. Spectrum Brands had a return on equity of 4.66% and a net margin of 63.89%. The company had revenue of $692.20 million for the quarter, compared to analysts’ expectations of $674.20 million. During the same period in the previous year, the firm posted ($0.32) EPS. Spectrum Brands’s revenue was down 3.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Spectrum Brands Holdings, Inc. will post 3.79 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Friday, February 16th. Spectrum Brands’s dividend payout ratio (DPR) is 3.65%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SPB. Monness Crespi & Hardt raised their target price on Spectrum Brands from $87.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Royal Bank of Canada raised their target price on Spectrum Brands from $89.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Wells Fargo & Company raised their target price 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. StockNews.com upgraded Spectrum Brands from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Finally, Canaccord Genuity Group cut Spectrum Brands from a “buy” rating to a “hold” rating and raised their target price for the company from $83.00 to $86.00 in a research report on Friday, February 9th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Spectrum Brands presently has an average rating of “Hold” and a consensus target price of $89.17.

About Spectrum Brands

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.