Royce & Associates LP Sells 10,050 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Royce & Associates LP trimmed its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 9.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,438 shares of the company's stock after selling 10,050 shares during the quarter. Royce & Associates LP owned 0.37% of Spectrum Brands worth $8,486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPB. Anchor Capital Advisors LLC boosted its holdings in Spectrum Brands by 1.2% in the fourth quarter. Anchor Capital Advisors LLC now owns 15,596 shares of the company's stock valued at $1,318,000 after acquiring an additional 184 shares during the last quarter. Legato Capital Management LLC lifted its position in shares of Spectrum Brands by 2.2% in the 4th quarter. Legato Capital Management LLC now owns 9,299 shares of the company's stock worth $786,000 after purchasing an additional 198 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Spectrum Brands during the third quarter worth $31,000. West Oak Capital LLC increased its position in shares of Spectrum Brands by 1.4% during the fourth 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 during the period. Finally, Blue Trust Inc. raised 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 buying an additional 375 shares during the last quarter.

Spectrum Brands Stock Down 0.8 %

NYSE:SPB traded down $0.57 on Friday, hitting $69.50. The stock had a trading volume of 986,162 shares, compared to its average volume of 377,806. The company has a market cap of $1.83 billion, a PE ratio of 17.08, a P/E/G ratio of 1.70 and a beta of 1.20. Spectrum Brands Holdings, Inc. has a 52 week low of $68.74 and a 52 week high of $96.74. The business's fifty day moving average is $78.82 and its 200 day moving average is $86.32. 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 posted its quarterly earnings results 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 period in the prior year, the company posted $0.78 earnings per share. On average, equities research analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.71%. Spectrum Brands's dividend payout ratio is presently 46.19%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Royal Bank of Canada decreased 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. Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and raised their target price for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Wells Fargo & Company dropped their price target on 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 reduced 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 report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $103.43.

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.