EMC Capital Management Trims Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

EMC Capital Management reduced its position in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 84.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,162 shares of the company's stock after selling 12,112 shares during the period. EMC Capital Management's holdings in Spectrum Brands were worth $183,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in Spectrum Brands by 92.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 544 shares of the company's stock valued at $52,000 after acquiring an additional 261 shares in the last quarter. Waldron Private Wealth LLC purchased a new stake in Spectrum Brands in the 3rd quarter worth about $27,000. Brooklyn Investment Group purchased a new stake in Spectrum Brands in the 3rd quarter worth about $31,000. State of New Jersey Common Pension Fund D boosted its stake in 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 worth $2,043,000 after purchasing an additional 345 shares during the period. Finally, West Oak Capital LLC boosted its stake in 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 purchasing an additional 375 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SPB. Canaccord Genuity Group lifted their price target on Spectrum Brands from $91.00 to $94.00 and gave the company a "hold" rating in a research report on Monday, November 18th. UBS Group decreased their price target on Spectrum Brands from $114.00 to $109.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Finally, Wells Fargo & Company reduced their target price 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Spectrum Brands presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.75.

Spectrum Brands Stock Up 0.3 %

Spectrum Brands stock traded up $0.24 during mid-day trading on Tuesday, hitting $82.28. The company had a trading volume of 306,945 shares, compared to its average volume of 355,458. 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 stock's 50 day moving average price is $87.43 and its two-hundred day moving average price is $89.21. Spectrum Brands Holdings, Inc. has a 12 month low of $77.73 and a 12 month high of $96.74. The company has a market capitalization of $2.25 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its 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). The company had revenue of $773.70 million during the quarter, compared to the consensus estimate of $747.80 million. Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. The company's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $1.36 earnings per share. As a group, sell-side analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.17 earnings per share for the current fiscal year.

Spectrum Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th were issued a dividend of $0.47 per share. This is an increase from Spectrum Brands's previous quarterly dividend of $0.42. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, November 26th. Spectrum Brands's dividend payout ratio is presently 46.08%.

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.