Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 450,807 shares of the company’s stock after acquiring an additional 7,198 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.65% of Spectrum Brands worth $38,089,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPB. Janney Montgomery Scott LLC grew its position in Spectrum Brands by 6.6% during the third quarter. Janney Montgomery Scott LLC now owns 8,316 shares of the company’s stock valued at $791,000 after buying an additional 516 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of Spectrum Brands by 1.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 21,477 shares of the company’s stock valued at $2,043,000 after purchasing an additional 345 shares during the period. Victory Capital Management Inc. boosted its holdings in Spectrum Brands by 6.4% in the 3rd quarter. Victory Capital Management Inc. now owns 21,055 shares of the company’s stock worth $2,003,000 after buying an additional 1,273 shares during the last quarter. ING Groep NV acquired a new stake in Spectrum Brands in the 3rd quarter worth about $3,596,000. Finally, Pzena Investment Management LLC boosted its holdings in Spectrum Brands by 10.4% in the 3rd quarter. Pzena Investment Management LLC now owns 1,310,861 shares of the company’s stock worth $124,715,000 after buying an additional 123,733 shares during the last quarter.

Spectrum Brands Stock Performance

NYSE:SPB opened at $71.55 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.70 and a beta of 1.20. The company’s 50-day moving average is $80.16 and its two-hundred day moving average is $87.07. Spectrum Brands Holdings, Inc. has a 1-year low of $69.85 and a 1-year high of $96.74.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same period in the previous year, the firm earned $0.78 EPS. Analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 2.63%. Spectrum Brands’s payout ratio is currently 46.19%.

Analyst Ratings Changes

SPB has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price target on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. UBS Group lowered their target price on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Canaccord Genuity Group upgraded shares of Spectrum Brands from a “hold” rating to a “buy” rating and boosted their price target for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Finally, Royal Bank of Canada lowered their target price on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.43.

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.