Geode Capital Management LLC Has $41.93 Million Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Geode Capital Management LLC reduced its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 4.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 440,614 shares of the company’s stock after selling 22,748 shares during the period. Geode Capital Management LLC owned approximately 1.57% of Spectrum Brands worth $41,932,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPB. Waldron Private Wealth LLC acquired a new position in shares of Spectrum Brands during the 3rd quarter worth $27,000. Brooklyn Investment Group acquired a new position in shares of Spectrum Brands during the third quarter valued at about $31,000. International Assets Investment Management LLC lifted its position in Spectrum Brands by 9,420.0% in the 3rd quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock valued at $45,000 after acquiring an additional 471 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Spectrum Brands by 92.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock valued at $52,000 after purchasing an additional 261 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Spectrum Brands by 375.0% in the second quarter. Quarry LP now owns 570 shares of the company’s stock worth $49,000 after purchasing an additional 450 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their price target on Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a report on Monday, November 18th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $102.38.

Spectrum Brands Trading Down 0.0 %

Shares of Spectrum Brands stock opened at $84.72 on Wednesday. The firm has a market cap of $2.38 billion, a PE ratio of 20.76, a P/E/G ratio of 1.58 and a beta of 1.19. Spectrum Brands Holdings, Inc. has a 1 year low of $75.50 and a 1 year high of $96.74. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62. The stock has a fifty day moving average price of $91.01 and a 200-day moving average price of $89.62.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.16). Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. The company had revenue of $773.70 million during the quarter, compared to the consensus estimate of $747.80 million. During the same period in the prior year, the firm posted $1.36 EPS. The business’s revenue was up 4.5% on a year-over-year basis. Equities research analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.25 EPS for the current year.

Spectrum Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Tuesday, November 26th. This is a boost from Spectrum Brands’s previous quarterly dividend of $0.42. Spectrum Brands’s dividend payout ratio is currently 46.08%.

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.