Dimensional Fund Advisors LP Has $108.80 Million Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Dimensional Fund Advisors LP reduced its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,266,114 shares of the company’s stock after selling 38,181 shares during the period. Dimensional Fund Advisors LP owned about 4.52% of Spectrum Brands worth $108,797,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new position in shares of Spectrum Brands during the second quarter worth about $237,000. Federated Hermes Inc. boosted its position in shares of Spectrum Brands by 8.9% during the second quarter. Federated Hermes Inc. now owns 10,480 shares of the company’s stock worth $901,000 after buying an additional 860 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Spectrum Brands by 24.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,225 shares of the company’s stock worth $104,000 after buying an additional 240 shares during the period. Headlands Technologies LLC acquired a new position in shares of Spectrum Brands during the second quarter worth about $50,000. Finally, Choreo LLC acquired a new position in Spectrum Brands during the second quarter valued at approximately $252,000.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SPB shares. Deutsche Bank Aktiengesellschaft increased their price target on Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Royal Bank of Canada reissued an “outperform” rating and set a $114.00 price target on shares of Spectrum Brands in a research report on Friday, June 7th. Canaccord Genuity Group dropped their price objective on Spectrum Brands from $92.00 to $90.00 and set a “hold” rating on the stock in a research note on Monday, July 1st. UBS Group upped their price objective on Spectrum Brands from $111.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company upped their price objective on Spectrum Brands from $87.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Spectrum Brands currently has a consensus rating of “Hold” and a consensus target price of $101.88.

Spectrum Brands Price Performance

Spectrum Brands stock opened at $93.23 on Tuesday. The stock’s fifty day moving average price is $88.98 and its two-hundred day moving average price is $87.34. Spectrum Brands Holdings, Inc. has a one year low of $65.27 and a one year high of $96.74. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.28 and a quick ratio of 1.61. The firm has a market cap of $2.61 billion, a PE ratio of 1.89, a price-to-earnings-growth ratio of 0.33 and a beta of 1.22.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.25). Spectrum Brands had a return on equity of 6.84% and a net margin of 3.86%. The company had revenue of $779.40 million for the quarter, compared to the consensus estimate of $750.97 million. During the same quarter last year, the business earned $0.75 EPS. Spectrum Brands’s revenue was up 6.0% on a year-over-year basis. As a group, research analysts expect that Spectrum Brands Holdings, Inc. will post 4.78 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, August 27th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, August 27th. Spectrum Brands’s dividend payout ratio is presently 3.40%.

Spectrum Brands 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.