Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 8.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,113 shares of the company's stock after selling 11,298 shares during the period. BNP Paribas Financial Markets owned 0.44% of Spectrum Brands worth $11,618,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Waldron Private Wealth LLC purchased a new position in shares of Spectrum Brands in the third quarter worth about $27,000. Brooklyn Investment Group purchased a new position in Spectrum Brands in the 3rd quarter worth approximately $31,000. Versant Capital Management Inc lifted its stake in Spectrum Brands by 1,923.8% in the 2nd quarter. Versant Capital Management Inc now owns 425 shares of the company's stock worth $37,000 after purchasing an additional 404 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Spectrum Brands by 9,420.0% during the 3rd quarter. International Assets Investment Management LLC now owns 476 shares of the company's stock worth $45,000 after purchasing an additional 471 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Spectrum Brands by 375.0% in the second quarter. Quarry LP now owns 570 shares of the company's stock valued at $49,000 after purchasing an additional 450 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SPB. UBS Group boosted their price objective on Spectrum Brands from $111.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Canaccord Genuity Group upped their price objective on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a "hold" rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a "hold" rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company increased their price target on shares of Spectrum Brands from $87.00 to $90.00 and gave the company an "equal weight" rating in a research note on Friday, August 9th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $102.38.

Spectrum Brands Trading Up 1.2 %

SPB stock traded up $1.08 during mid-day trading on Monday, hitting $93.03. 365,707 shares of the company were exchanged, compared to its average volume of 385,119. Spectrum Brands Holdings, Inc. has a 12-month low of $70.31 and a 12-month high of $96.74. The firm has a market capitalization of $2.61 billion, a P/E ratio of 22.36, a PEG ratio of 1.60 and a beta of 1.19. The business has a fifty day simple moving average of $91.36 and a 200-day simple moving average of $89.61. The company has a quick ratio of 1.62, a current ratio of 2.30 and a debt-to-equity ratio of 0.26.

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

Spectrum Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Tuesday, November 26th. This is an increase from Spectrum Brands's previous quarterly dividend of $0.42. Spectrum Brands's payout ratio is currently 46.08%.

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.