10,240 Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB) Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,240 shares of the company's stock, valued at approximately $865,000.

Other large investors have also made changes to their positions in the company. Waldron Private Wealth LLC acquired a new position in shares of Spectrum Brands during the third quarter valued at $27,000. Brooklyn Investment Group acquired a new position in shares of Spectrum Brands during the third quarter valued at $31,000. International Assets Investment Management LLC lifted its stake in shares of 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 acquiring an additional 471 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of 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 acquiring an additional 261 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Spectrum Brands in the third quarter valued at about $62,000.

Spectrum Brands Trading Down 0.8 %

Shares of Spectrum Brands stock traded down $0.67 during trading hours on Friday, hitting $77.87. The company's stock had a trading volume of 400,559 shares, compared to its average volume of 471,692. Spectrum Brands Holdings, Inc. has a 12 month low of $74.72 and a 12 month high of $96.74. The stock has a 50 day moving average of $84.90 and a 200 day moving average of $88.81. The company has a market capitalization of $2.13 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 1.36 and a beta of 1.20. 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 announced its quarterly earnings results on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.34% and a net margin of 4.01%. During the same period in the prior year, the company earned $0.78 earnings per share. Analysts predict that Spectrum Brands Holdings, Inc. will post 5.17 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.47 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.41%. Spectrum Brands's payout ratio is presently 46.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Canaccord Genuity Group upgraded Spectrum Brands from a "hold" rating to a "buy" rating and upped their price objective for the company from $94.00 to $102.00 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 for the company in a report on Tuesday, January 7th. Royal Bank of Canada dropped 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. Finally, UBS Group dropped 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Spectrum Brands currently has an average rating of "Moderate Buy" and an average target price of $103.43.

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.