State Street Corp Has $56.15 Million Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

State Street Corp boosted its position in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 590,222 shares of the company's stock after purchasing an additional 7,783 shares during the period. State Street Corp owned approximately 2.11% of Spectrum Brands worth $56,154,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPB. Waldron Private Wealth LLC bought a new position in Spectrum Brands during the third quarter valued at about $27,000. Brooklyn Investment Group bought a new position in shares of Spectrum Brands during the 3rd quarter valued at about $31,000. International Assets Investment Management LLC grew its stake in shares of Spectrum Brands by 9,420.0% in 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. Farther Finance Advisors LLC raised its holdings in shares of Spectrum Brands by 92.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 544 shares of the company's stock worth $52,000 after purchasing an additional 261 shares in the last quarter. Finally, Quarry LP lifted its stake in Spectrum Brands by 375.0% during 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.

Spectrum Brands Stock Down 0.8 %

Shares of SPB stock traded down $0.71 on Thursday, reaching $85.56. 297,992 shares of the company's stock traded hands, compared to its average volume of 385,632. The company has a market capitalization of $2.40 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 1.58 and a beta of 1.19. Spectrum Brands Holdings, Inc. has a 12-month low of $75.50 and a 12-month high of $96.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.62 and a current ratio of 2.30. The business's 50 day moving average price is $91.33 and its two-hundred day moving average price is $89.68.

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

Spectrum Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th were given a $0.47 dividend. This is an increase from Spectrum Brands's previous quarterly dividend of $0.42. The ex-dividend date was Tuesday, November 26th. This represents a $1.88 dividend on an annualized basis and a yield of 2.20%. Spectrum Brands's dividend payout ratio is presently 46.08%.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their price target on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a "hold" rating in a research report on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Spectrum Brands currently has an average rating of "Hold" and an average price target of $102.38.

Spectrum Brands Company 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.