Swiss National Bank Has $4.66 Million Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Swiss National Bank lifted its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,099 shares of the company’s stock after buying an additional 400 shares during the quarter. Swiss National Bank owned about 0.20% of Spectrum Brands worth $4,655,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Citigroup Inc. grew its holdings in Spectrum Brands by 15.9% during the 3rd quarter. Citigroup Inc. now owns 41,048 shares of the company’s stock worth $3,905,000 after acquiring an additional 5,641 shares during the period. Empowered Funds LLC bought a new stake in Spectrum Brands in the fourth quarter valued at about $387,000. Charles Schwab Investment Management Inc. increased its holdings in Spectrum Brands by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company’s stock valued at $38,089,000 after purchasing an additional 7,198 shares during the last quarter. Everence Capital Management Inc. acquired a new position in Spectrum Brands in the fourth quarter valued at about $553,000. Finally, SG Americas Securities LLC grew its position in shares of Spectrum Brands by 478.4% during the 4th quarter. SG Americas Securities LLC now owns 13,500 shares of the company’s stock worth $1,141,000 after buying an additional 11,166 shares during the period.

Spectrum Brands Stock Performance

SPB opened at $71.23 on Tuesday. 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 company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.70 and a beta of 1.20. The business’s 50-day moving average price is $78.57 and its two-hundred day moving average price is $86.07. Spectrum Brands Holdings, Inc. has a 1 year low of $68.74 and a 1 year high of $96.74.

Spectrum Brands (NYSE:SPB) last released its earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, beating the consensus estimate 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 business posted $0.78 EPS. Equities analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands’s dividend payout ratio (DPR) is currently 46.19%.

Analyst Ratings Changes

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

Spectrum Brands Company 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.