West Oak Capital LLC Lowers Stock Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

West Oak Capital LLC lessened its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 98.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 425 shares of the company's stock after selling 26,559 shares during the period. West Oak Capital LLC's holdings in Spectrum Brands were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Waldron Private Wealth LLC acquired a new stake in Spectrum Brands during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group acquired a new stake in shares of Spectrum Brands during the third quarter worth $31,000. International Assets Investment Management LLC boosted its position in shares of Spectrum Brands by 9,420.0% in the third quarter. International Assets Investment Management LLC now owns 476 shares of the company's stock valued at $45,000 after acquiring an additional 471 shares during the period. Quarry LP grew its stake 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 acquiring an additional 450 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Spectrum Brands during the second quarter worth about $50,000.

Analyst Upgrades and Downgrades

SPB has been the subject of several research analyst reports. Canaccord Genuity Group boosted their price objective on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a "hold" rating in a research report on Monday, November 18th. Wells Fargo & Company cut their target price on shares of Spectrum Brands from $92.00 to $88.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $102.13.

Spectrum Brands Stock Down 1.4 %

Shares of SPB traded down $1.22 during trading hours on Friday, reaching $83.56. 344,901 shares of the stock traded hands, compared to its average volume of 343,134. Spectrum Brands Holdings, Inc. has a 52 week low of $75.50 and a 52 week high of $96.74. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.58 and a beta of 1.20. The stock has a fifty day simple moving average of $89.28 and a 200 day simple moving average of $89.08. The company has a current ratio of 2.30, a quick ratio of 1.62 and a debt-to-equity ratio of 0.26.

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

Spectrum Brands Increases Dividend

The company 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. This represents a $1.88 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Tuesday, November 26th. Spectrum Brands's dividend payout ratio (DPR) 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.