Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,919,244 shares of the company’s stock after purchasing an additional 2,770 shares during the period. Vanguard Group Inc. owned 10.69% of Spectrum Brands worth $246,647,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wealthfront Advisers LLC acquired a new position in Spectrum Brands during the 4th quarter worth $16,606,000. National Bank of Canada FI increased its stake in Spectrum Brands by 10,046.3% during the 3rd quarter. National Bank of Canada FI now owns 44,441 shares of the company’s stock valued at $4,228,000 after buying an additional 44,003 shares during the period. Great Lakes Advisors LLC increased its stake in shares of Spectrum Brands by 37.9% during the fourth quarter. Great Lakes Advisors LLC now owns 152,068 shares of the company’s stock valued at $12,848,000 after acquiring an additional 41,792 shares during the period. Monimus Capital Management LP bought a new stake in Spectrum Brands during the fourth quarter worth approximately $3,173,000. Finally, Wellington Management Group LLP lifted its position in Spectrum Brands by 7.6% in the third quarter. Wellington Management Group LLP now owns 513,025 shares of the company’s stock worth $48,809,000 after purchasing an additional 36,063 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SPB shares. UBS Group lowered their price target on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada dropped their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company reduced their price objective on shares of Spectrum Brands from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and increased their target price for the company from $94.00 to $102.00 in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $101.57.

Spectrum Brands Price Performance

SPB stock opened at $62.35 on Friday. Spectrum Brands Holdings, Inc. has a one year low of $61.95 and a one year high of $96.74. The firm has a 50-day moving average of $75.72 and a two-hundred day moving average of $84.74. The firm has a market capitalization of $1.64 billion, a PE ratio of 15.32, a P/E/G ratio of 1.70 and a beta of 1.20. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same quarter in the previous year, the business posted $0.78 EPS. On average, analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.02%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands’s dividend payout ratio is currently 46.19%.

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.