First Eagle Investment Management LLC Has $15.74 Million Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

First Eagle Investment Management LLC raised its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 186,272 shares of the company's stock after buying an additional 15,400 shares during the quarter. First Eagle Investment Management LLC owned about 0.68% of Spectrum Brands worth $15,738,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. lifted its stake in Spectrum Brands by 15.9% in 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 in the last quarter. Empowered Funds LLC bought a new position in Spectrum Brands in the fourth quarter valued at approximately $387,000. Everence Capital Management Inc. bought a new position in Spectrum Brands in the fourth quarter valued at approximately $553,000. SG Americas Securities LLC lifted its stake in Spectrum Brands by 478.4% in the fourth quarter. SG Americas Securities LLC now owns 13,500 shares of the company's stock valued at $1,141,000 after buying an additional 11,166 shares in the last quarter. Finally, Ieq Capital LLC bought a new position in Spectrum Brands in the fourth quarter valued at approximately $562,000.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SPB. UBS Group lowered their price objective on shares of Spectrum Brands from $114.00 to $109.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company lowered their price objective on shares of Spectrum Brands from $92.00 to $88.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and lifted their price objective for the company from $94.00 to $102.00 in a report on Friday, February 7th. Finally, Royal Bank of Canada lowered their price objective on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $103.43.

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Spectrum Brands Stock Up 1.4 %

SPB traded up $1.00 during trading on Friday, reaching $71.55. 455,390 shares of the stock were exchanged, compared to its average volume of 377,699. The stock has a market cap of $1.88 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20. Spectrum Brands Holdings, Inc. has a twelve month low of $69.85 and a twelve month high of $96.74. The stock's 50 day moving average price is $80.16 and its two-hundred day moving average price is $87.07. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same quarter in the prior year, the business earned $0.78 EPS. Equities analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 2.63%. Spectrum Brands's dividend payout ratio is currently 46.19%.

Spectrum Brands Company 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.