Asset Management One Co. Ltd. Sells 294 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Asset Management One Co. Ltd. cut its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,371 shares of the company’s stock after selling 294 shares during the period. Asset Management One Co. Ltd.’s holdings in Spectrum Brands were worth $537,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Waldron Private Wealth LLC bought a new position in Spectrum Brands during the third quarter valued at $27,000. Brooklyn Investment Group bought a new position in Spectrum Brands during the third quarter valued at $31,000. International Assets Investment Management LLC grew its holdings in Spectrum Brands by 9,420.0% during the third quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock valued at $45,000 after purchasing an additional 471 shares during the period. Farther Finance Advisors LLC grew its holdings in Spectrum Brands by 92.2% during the third 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 period. Finally, Quantbot Technologies LP bought a new position in Spectrum Brands during the third quarter valued at $62,000.

Spectrum Brands Trading Down 0.7 %

NYSE:SPB opened at $79.06 on Friday. The company has a market cap of $2.08 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.69 and a beta of 1.20. The stock’s fifty day moving average price is $83.46 and its two-hundred day moving average price is $88.60. Spectrum Brands Holdings, Inc. has a 1 year low of $74.72 and a 1 year high of $96.74. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, topping 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 prior year, the firm earned $0.78 EPS. As a group, analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.38%. Spectrum Brands’s dividend payout ratio (DPR) is presently 46.19%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SPB shares. UBS Group reduced their price objective on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada reduced their price objective on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Canaccord Genuity Group upgraded Spectrum Brands from a “hold” rating to a “buy” rating and increased their target price for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Finally, Wells Fargo & Company dropped their target price on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Two investment 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, the stock has an average rating of “Moderate Buy” and an average target price of $103.43.

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.