FIL Ltd Has $39 Million Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

FIL Ltd grew its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 8.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 461,568 shares of the company’s stock after buying an additional 36,798 shares during the period. FIL Ltd owned approximately 1.69% of Spectrum Brands worth $38,998,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SPB. Invesco Ltd. lifted its holdings in Spectrum Brands by 13.6% during the fourth quarter. Invesco Ltd. now owns 81,988 shares of the company’s stock worth $6,927,000 after acquiring an additional 9,835 shares in the last quarter. Cerity Partners LLC raised its position in shares of Spectrum Brands by 100.8% during the fourth quarter. Cerity Partners LLC now owns 5,645 shares of the company’s stock worth $488,000 after purchasing an additional 2,834 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Spectrum Brands by 4.4% during the 4th quarter. Federated Hermes Inc. now owns 10,703 shares of the company’s stock valued at $904,000 after purchasing an additional 447 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Spectrum Brands in the 4th quarter valued at approximately $322,000. Finally, ExodusPoint Capital Management LP increased its stake in Spectrum Brands by 233.4% during the 4th quarter. ExodusPoint Capital Management LP now owns 88,539 shares of the company’s stock worth $7,481,000 after purchasing an additional 61,984 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Spectrum Brands from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd. UBS Group reduced their target price on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada dropped their price target on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Finally, Canaccord Genuity Group upgraded Spectrum Brands from a “hold” rating to a “buy” rating and boosted their price target for the company from $94.00 to $102.00 in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.57.

Spectrum Brands Trading Down 4.6 %

Shares of NYSE:SPB opened at $61.01 on Friday. The company’s 50-day moving average price is $72.86 and its two-hundred day moving average price is $83.47. Spectrum Brands Holdings, Inc. has a one year low of $57.93 and a one year high of $96.74. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53. The stock has a market capitalization of $1.61 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03.

Spectrum Brands (NYSE:SPB) last released its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same quarter last year, the firm earned $0.78 EPS. On average, equities analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Tuesday, February 18th. Spectrum Brands’s payout ratio is presently 46.19%.

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.