FIL Ltd Grows Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

FIL Ltd grew its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 461,568 shares of the company's stock after acquiring an additional 36,798 shares during the quarter. FIL Ltd owned about 1.69% of Spectrum Brands worth $38,998,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new position in Spectrum Brands in the fourth quarter worth approximately $50,000. Blue Trust Inc. lifted its stake in shares of Spectrum Brands by 46.5% in the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock valued at $100,000 after purchasing an additional 375 shares during the last quarter. KBC Group NV grew its holdings in shares of Spectrum Brands by 46.3% during the 4th quarter. KBC Group NV now owns 1,233 shares of the company's stock worth $104,000 after purchasing an additional 390 shares during the period. M&T Bank Corp acquired a new stake in shares of Spectrum Brands during the 3rd quarter worth about $221,000. Finally, Summit Trail Advisors LLC purchased a new stake in Spectrum Brands in the 4th quarter valued at about $237,000.

Spectrum Brands Stock Down 1.5 %

NYSE:SPB traded down $0.93 during midday trading on Tuesday, reaching $60.41. The company had a trading volume of 256,942 shares, compared to its average volume of 402,884. The stock's fifty day simple moving average is $72.01 and its 200-day simple moving average is $82.97. 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 Holdings, Inc. has a 12-month low of $57.93 and a 12-month high of $96.74. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 1.70 and a beta of 1.03.

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Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.02 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 quarter in the prior year, the firm earned $0.78 earnings per share. On average, sell-side analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.11%. Spectrum Brands's payout ratio is 46.19%.

Analyst Upgrades and Downgrades

SPB has been the subject of several research reports. Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and lifted their target price for the company from $94.00 to $102.00 in a report on Friday, February 7th. Wells Fargo & Company lowered their price target on Spectrum Brands from $80.00 to $75.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. UBS Group cut their price objective on Spectrum Brands from $114.00 to $109.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Finally, Royal Bank of Canada lowered their target price on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Spectrum Brands has a consensus rating of "Moderate Buy" and a consensus price target of $101.57.

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.