KLP Kapitalforvaltning AS Invests $624,000 in Spectrum Brands Holdings, Inc. (NYSE:SPB)

KLP Kapitalforvaltning AS bought a new position in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,380 shares of the company's stock, valued at approximately $624,000.

Other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new position in Spectrum Brands during the 4th quarter valued at $50,000. Quantbot Technologies LP bought a new stake in shares of Spectrum Brands during the third quarter worth $62,000. Quarry LP boosted its stake in shares of Spectrum Brands by 70.9% during the third quarter. Quarry LP now owns 974 shares of the company's stock valued at $93,000 after purchasing an additional 404 shares during the period. Blue Trust Inc. grew its holdings in shares of Spectrum Brands by 46.5% in 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. Finally, KBC Group NV increased its stake in 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 buying an additional 390 shares during the period.

Spectrum Brands Stock Down 2.5 %

SPB traded down $1.55 on Monday, hitting $60.97. The company had a trading volume of 707,168 shares, compared to its average volume of 397,700. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 1.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. The stock has a fifty day moving average price of $75.22 and a 200-day moving average price of $84.46. Spectrum Brands Holdings, Inc. has a 12-month low of $58.67 and a 12-month high of $96.74.

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

Spectrum Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands's payout ratio is presently 46.19%.

Analyst Ratings Changes

SPB has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of 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. Royal Bank of Canada lowered their price target on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, February 7th. UBS Group reduced 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, Canaccord Genuity Group raised 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 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 stock. According to data from MarketBeat.com, Spectrum Brands presently has a consensus rating of "Moderate Buy" and an average target price of $101.57.

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.