Dean Investment Associates LLC Has $2.21 Million Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Dean Investment Associates LLC decreased its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 25.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,230 shares of the company's stock after selling 7,914 shares during the quarter. Dean Investment Associates LLC owned about 0.08% of Spectrum Brands worth $2,210,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Citigroup Inc. raised its position in shares of Spectrum Brands by 15.9% during the third quarter. Citigroup Inc. now owns 41,048 shares of the company's stock valued at $3,905,000 after buying an additional 5,641 shares during the last quarter. TCW Group Inc. raised its holdings in Spectrum Brands by 25.2% in the 2nd quarter. TCW Group Inc. now owns 126,861 shares of the company's stock valued at $10,901,000 after acquiring an additional 25,551 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Spectrum Brands in the 2nd quarter worth approximately $3,119,000. Bank of Montreal Can grew its holdings in shares of Spectrum Brands by 2,542.3% during the 2nd quarter. Bank of Montreal Can now owns 117,795 shares of the company's stock worth $10,862,000 after purchasing an additional 113,337 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Spectrum Brands during the second quarter valued at approximately $630,000.

Spectrum Brands Price Performance

Shares of SPB traded up $0.99 during trading hours on Monday, hitting $95.87. The stock had a trading volume of 344,029 shares, compared to its average volume of 385,189. Spectrum Brands Holdings, Inc. has a 52 week low of $74.26 and a 52 week high of $96.74. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 1.65 and a beta of 1.19. The company's fifty day moving average is $91.55 and its two-hundred day moving average is $89.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings results on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $1.13 by ($0.16). The business had revenue of $773.70 million for the quarter, compared to the consensus estimate of $747.80 million. Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. 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, analysts anticipate 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. Investors of record on Tuesday, November 26th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.96%. This is a boost from Spectrum Brands's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, November 26th. Spectrum Brands's payout ratio is currently 46.08%.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their target price on Spectrum Brands from $91.00 to $94.00 and gave the stock a "hold" rating in a research report on Monday, November 18th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $102.38.

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.