Manning & Napier Advisors LLC Has $12.67 Million Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Manning & Napier Advisors LLC increased its position in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 30.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 150,000 shares of the company's stock after purchasing an additional 35,000 shares during the quarter. Manning & Napier Advisors LLC owned approximately 0.53% of Spectrum Brands worth $12,674,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SPB. Farther Finance Advisors LLC lifted its holdings in shares of Spectrum Brands by 92.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 544 shares of the company's stock worth $52,000 after acquiring an additional 261 shares during the period. Waldron Private Wealth LLC bought a new position in Spectrum Brands during the third quarter worth about $27,000. Brooklyn Investment Group acquired a new stake in Spectrum Brands during the third quarter valued at approximately $31,000. State of New Jersey Common Pension Fund D grew its stake in shares of Spectrum Brands by 1.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 21,477 shares of the company's stock valued at $2,043,000 after purchasing an additional 345 shares during the period. Finally, West Oak Capital LLC raised its holdings in shares of Spectrum Brands by 1.4% in the 4th quarter. West Oak Capital LLC now owns 27,359 shares of the company's stock worth $2,312,000 after buying an additional 375 shares in the last quarter.

Spectrum Brands Price Performance

NYSE SPB traded up $1.80 on Thursday, hitting $87.15. 95,097 shares of the company were exchanged, compared to its average volume of 338,926. The company has a current ratio of 2.30, a quick ratio of 1.62 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.44 billion, a P/E ratio of 21.34, a P/E/G ratio of 1.49 and a beta of 1.20. Spectrum Brands Holdings, Inc. has a 1-year low of $77.73 and a 1-year high of $96.74. The firm has a 50 day moving average of $87.63 and a two-hundred day moving average of $89.15.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings results on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.16). Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The company had revenue of $773.70 million for the quarter, compared to the consensus estimate of $747.80 million. During the same period last year, the company earned $1.36 earnings per share. Spectrum Brands's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts predict that Spectrum Brands Holdings, Inc. will post 5.25 EPS for the current year.

Spectrum Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Tuesday, November 26th. This is a positive change from Spectrum Brands's previous quarterly dividend of $0.42. Spectrum Brands's dividend payout ratio is 46.08%.

Analysts Set New Price Targets

Several brokerages recently commented on SPB. Canaccord Genuity Group boosted their price target on Spectrum Brands from $91.00 to $94.00 and gave the company a "hold" rating in a research note on Monday, November 18th. Wells Fargo & Company reduced their target price on shares of Spectrum Brands from $92.00 to $88.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. Finally, UBS Group dropped their target price on shares of Spectrum Brands from $114.00 to $109.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Spectrum Brands presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.75.

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.