Bank of Montreal Can Has $14.87 Million Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Bank of Montreal Can increased its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 34.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,518 shares of the company's stock after purchasing an additional 40,723 shares during the quarter. Bank of Montreal Can owned approximately 0.57% of Spectrum Brands worth $14,867,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its holdings in shares of Spectrum Brands by 24.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,225 shares of the company's stock valued at $104,000 after buying an additional 240 shares in the last quarter. Farther Finance Advisors LLC grew its position 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 in the last quarter. Waldron Private Wealth LLC acquired a new position in Spectrum Brands in the 3rd quarter valued at approximately $27,000. State of New Jersey Common Pension Fund D lifted its position in Spectrum Brands by 1.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 21,477 shares of the company's stock worth $2,043,000 after buying an additional 345 shares in the last quarter. Finally, nVerses Capital LLC boosted its stake in shares of Spectrum Brands by 28.6% during the 3rd quarter. nVerses Capital LLC now owns 1,800 shares of the company's stock valued at $171,000 after buying an additional 400 shares during the period.

Spectrum Brands Stock Performance

Shares of Spectrum Brands stock traded up $0.22 on Friday, reaching $91.95. The stock had a trading volume of 155,530 shares, compared to its average volume of 369,062. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.62 and a current ratio of 2.30. The business's 50-day moving average price is $91.36 and its two-hundred day moving average price is $89.61. The stock has a market cap of $2.58 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 1.60 and a beta of 1.23. Spectrum Brands Holdings, Inc. has a fifty-two week low of $67.34 and a fifty-two week high of $96.74.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings results on Friday, November 15th. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by ($0.16). The firm had revenue of $773.70 million for the quarter, compared to the consensus estimate of $747.80 million. Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The firm's revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $1.36 earnings per share. On average, sell-side analysts forecast that Spectrum Brands Holdings, Inc. will post 5.25 EPS for the current year.

Spectrum Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be given a $0.47 dividend. This is an increase from Spectrum Brands's previous quarterly dividend of $0.42. This represents a $1.88 annualized dividend and a yield of 2.04%. The ex-dividend date is Tuesday, November 26th. Spectrum Brands's payout ratio is currently 46.08%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SPB. Deutsche Bank Aktiengesellschaft increased their price objective on Spectrum Brands from $91.00 to $94.00 and gave the stock a "hold" rating in a report on Friday, August 9th. UBS Group boosted their price target on Spectrum Brands from $111.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 9th. Canaccord Genuity Group increased their price objective on Spectrum Brands from $91.00 to $94.00 and gave the stock a "hold" rating in a report on Monday, November 18th. Finally, Wells Fargo & Company lifted their target price on shares of Spectrum Brands from $87.00 to $90.00 and gave the company an "equal weight" rating in a research note on Friday, August 9th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Spectrum Brands currently has a consensus rating of "Hold" and an average target price of $102.38.

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.