Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Purchased by Systematic Financial Management LP

Systematic Financial Management LP grew its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 7.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 346,005 shares of the company's stock after acquiring an additional 24,083 shares during the period. Systematic Financial Management LP owned about 1.23% of Spectrum Brands worth $32,919,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new stake in Spectrum Brands in the second quarter valued at approximately $6,874,000. TCW Group Inc. lifted its position in shares of Spectrum Brands by 25.2% during the second quarter. TCW Group Inc. now owns 126,861 shares of the company's stock worth $10,901,000 after purchasing an additional 25,551 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Spectrum Brands by 94.8% in the second quarter. Fifth Third Bancorp now owns 1,734 shares of the company's stock valued at $149,000 after purchasing an additional 844 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Spectrum Brands by 4.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,007,572 shares of the company's stock valued at $172,511,000 after purchasing an additional 79,322 shares in the last quarter. Finally, Legato Capital Management LLC increased its stake in Spectrum Brands by 51.5% during the 2nd quarter. Legato Capital Management LLC now owns 11,491 shares of the company's stock worth $987,000 after buying an additional 3,907 shares during the period.

Spectrum Brands Stock Down 0.1 %

Shares of NYSE SPB traded down $0.07 during mid-day trading on Thursday, reaching $95.53. The company had a trading volume of 214,802 shares, compared to its average volume of 384,910. Spectrum Brands Holdings, Inc. has a 52-week low of $71.52 and a 52-week high of $96.74. The stock has a market cap of $2.68 billion, a P/E ratio of 23.43, a PEG ratio of 1.64 and a beta of 1.19. 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 firm has a 50 day simple moving average of $91.47 and a two-hundred day simple moving average of $89.67.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted 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 firm had revenue of $773.70 million during 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 firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.36 earnings per share. Sell-side analysts predict that Spectrum Brands Holdings, Inc. will post 5.25 earnings per share for the current year.

Spectrum Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.88 dividend on an annualized basis and a yield of 1.97%. This is a boost from Spectrum Brands's previous quarterly dividend of $0.42. Spectrum Brands's dividend payout ratio is currently 46.08%.

Wall Street Analysts Forecast Growth

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