Gamco Investors INC. ET AL Buys 15,703 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Gamco Investors INC. ET AL raised its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 223,423 shares of the company's stock after purchasing an additional 15,703 shares during the quarter. Gamco Investors INC. ET AL owned 0.82% of Spectrum Brands worth $18,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Steward Partners Investment Advisory LLC bought a new stake in shares of Spectrum Brands during the 4th quarter worth $50,000. Blue Trust Inc. lifted its stake in Spectrum Brands by 46.5% during the fourth quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock worth $100,000 after purchasing an additional 375 shares during the last quarter. KBC Group NV boosted its holdings in shares of Spectrum Brands by 46.3% in 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 in the last quarter. M&T Bank Corp bought a new position in shares of Spectrum Brands during the 3rd quarter valued at about $221,000. Finally, Summit Trail Advisors LLC bought a new stake in Spectrum Brands in the 4th quarter worth approximately $237,000.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. UBS Group lowered their price objective on shares of Spectrum Brands from $106.00 to $76.00 and set a "buy" rating for the company in a report on Thursday. 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 research note on Friday, February 7th. Wells Fargo & Company decreased their target price on shares of Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and increased their price target for the company from $94.00 to $102.00 in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Spectrum Brands has an average rating of "Moderate Buy" and a consensus price target of $95.43.

Spectrum Brands Trading Up 0.9 %

Shares of SPB traded up $0.56 during trading hours on Friday, reaching $59.71. 398,590 shares of the company traded hands, compared to its average volume of 405,213. Spectrum Brands Holdings, Inc. has a 12 month low of $57.93 and a 12 month high of $96.74. The company's fifty day moving average price is $70.98 and its two-hundred day moving average price is $82.40. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, beating 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 previous year, the company posted $0.78 earnings per share. Equities research analysts predict that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.15%. Spectrum Brands's dividend payout ratio is presently 46.19%.

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.