11,504 Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 11,504 shares of the company's stock, valued at approximately $972,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new stake in Spectrum Brands during the fourth quarter worth about $50,000. Quantbot Technologies LP purchased a new stake in shares of Spectrum Brands during the 3rd quarter worth approximately $62,000. Quarry LP grew its holdings in shares of Spectrum Brands by 70.9% in the 3rd quarter. Quarry LP now owns 974 shares of the company's stock worth $93,000 after acquiring an additional 404 shares during the period. Blue Trust Inc. increased its stake in 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 in 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 valued at $104,000 after purchasing an additional 390 shares in the last quarter.

Spectrum Brands Trading Up 8.2 %

Shares of SPB stock traded up $4.85 during mid-day trading on Wednesday, hitting $63.76. 558,888 shares of the company's stock were exchanged, compared to its average volume of 400,393. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 1.70 and a beta of 1.03. The stock has a 50-day simple moving average of $73.28 and a two-hundred day simple moving average of $83.69. Spectrum Brands Holdings, Inc. has a fifty-two week low of $57.93 and a fifty-two week high of $96.74. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27.

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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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm posted $0.78 earnings per share. Equities analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 2.95%. Spectrum Brands's dividend payout ratio is currently 46.19%.

Wall Street Analysts Forecast Growth

SPB has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their price target on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Wells Fargo & Company cut their target price 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. UBS Group dropped their price objective on shares of Spectrum Brands from $114.00 to $109.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Finally, Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and upped their target price for the company from $94.00 to $102.00 in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.