Treasurer of the State of North Carolina Sells 2,140 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Treasurer of the State of North Carolina trimmed its position in Spectrum Brands Holdings, Inc. (NYSE:SPBFree Report) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,491 shares of the company’s stock after selling 2,140 shares during the quarter. Treasurer of the State of North Carolina owned approximately 0.05% of Spectrum Brands worth $1,236,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. First Eagle Investment Management LLC purchased a new position in Spectrum Brands during the fourth quarter worth about $3,949,000. Great Lakes Advisors LLC increased its position in shares of Spectrum Brands by 50.0% in the fourth quarter. Great Lakes Advisors LLC now owns 324,413 shares of the company’s stock worth $25,878,000 after purchasing an additional 108,076 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Spectrum Brands in the fourth quarter valued at approximately $1,424,000. Qube Research & Technologies Ltd bought a new stake in Spectrum Brands during the third quarter valued at approximately $4,452,000. Finally, Versor Investments LP purchased a new position in Spectrum Brands in the 4th quarter worth approximately $1,140,000.

Spectrum Brands Stock Up 0.7 %

Shares of NYSE SPB opened at $90.33 on Friday. The firm’s fifty day moving average is $86.47 and its 200 day moving average is $82.03. Spectrum Brands Holdings, Inc. has a 52 week low of $65.27 and a 52 week high of $96.74. The company has a quick ratio of 3.05, a current ratio of 3.73 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 1.83, a PEG ratio of 0.39 and a beta of 1.18.

Spectrum Brands (NYSE:SPBGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $0.49 by $1.13. The firm had revenue of $718.50 million during the quarter, compared to the consensus estimate of $708.54 million. Spectrum Brands had a net margin of 68.11% and a return on equity of 6.43%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.14) earnings per share. On average, equities research analysts expect that Spectrum Brands Holdings, Inc. will post 4.68 earnings per share for the current year.

Spectrum Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, May 28th will be given a $0.42 dividend. The ex-dividend date is Friday, May 24th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.86%. Spectrum Brands’s dividend payout ratio is currently 3.40%.

Analysts Set New Price Targets

SPB has been the topic of several research reports. Canaccord Genuity Group raised their price objective on shares of Spectrum Brands from $86.00 to $92.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $114.00 price target on shares of Spectrum Brands in a research note on Friday. Monness Crespi & Hardt increased their price objective on Spectrum Brands from $98.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Oppenheimer boosted their target price on Spectrum Brands from $88.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Finally, Wells Fargo & Company increased their price target on shares of Spectrum Brands from $85.00 to $95.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Spectrum Brands presently has a consensus rating of “Hold” and a consensus target price of $99.86.

Get Our Latest Stock Analysis on SPB

Spectrum Brands Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Spectrum Brands (NYSE:SPB)

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