Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 450,807 shares of the company's stock after buying an additional 7,198 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.65% of Spectrum Brands worth $38,089,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SPB. Janney Montgomery Scott LLC lifted its position in shares of Spectrum Brands by 6.6% during the third quarter. Janney Montgomery Scott LLC now owns 8,316 shares of the company's stock valued at $791,000 after buying an additional 516 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position 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 last quarter. Victory Capital Management Inc. raised its position in shares of Spectrum Brands by 6.4% in the 3rd quarter. Victory Capital Management Inc. now owns 21,055 shares of the company's stock valued at $2,003,000 after purchasing an additional 1,273 shares during the last quarter. ING Groep NV purchased a new position in shares of Spectrum Brands in the 3rd quarter valued at approximately $3,596,000. Finally, Pzena Investment Management LLC raised its position in shares of Spectrum Brands by 10.4% in the 3rd quarter. Pzena Investment Management LLC now owns 1,310,861 shares of the company's stock valued at $124,715,000 after purchasing an additional 123,733 shares during the last quarter.

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Analysts Set New Price Targets

Several brokerages recently commented on SPB. Royal Bank of Canada decreased their price objective on shares of 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 decreased their price objective on shares of Spectrum Brands from $92.00 to $88.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and increased their price objective for the company from $94.00 to $102.00 in a research report on Friday, February 7th. Finally, UBS Group cut their price target on shares of Spectrum Brands from $114.00 to $109.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $103.43.

Spectrum Brands Stock Performance

Shares of NYSE SPB traded up $0.38 during midday trading on Monday, reaching $72.04. 75,059 shares of the stock were exchanged, compared to its average volume of 376,528. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.70 and a beta of 1.20. Spectrum Brands Holdings, Inc. has a twelve month low of $69.85 and a twelve month high of $96.74. The firm has a 50-day simple moving average of $80.16 and a two-hundred day simple moving average of $87.03. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping 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 business posted $0.78 EPS. As a group, analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 2.61%. Spectrum Brands's dividend payout ratio is currently 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.