Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 2.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,207,536 shares of the company's stock after selling 31,190 shares during the period. Dimensional Fund Advisors LP owned 4.42% of Spectrum Brands worth $102,024,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SPB. Barclays PLC increased its stake in Spectrum Brands by 71.4% during the third quarter. Barclays PLC now owns 35,407 shares of the company's stock worth $3,369,000 after acquiring an additional 14,746 shares during the last quarter. Franklin Resources Inc. raised its holdings in Spectrum Brands by 2.6% in the third quarter. Franklin Resources Inc. now owns 14,792 shares of the company's stock valued at $1,356,000 after buying an additional 381 shares during the period. Everence Capital Management Inc. acquired a new position in Spectrum Brands during the fourth quarter valued at approximately $553,000. City Center Advisors LLC purchased a new stake in Spectrum Brands during the fourth quarter worth approximately $306,000. Finally, West Oak Capital LLC increased its position in shares of Spectrum Brands by 1.4% in the fourth quarter. West Oak Capital LLC now owns 27,359 shares of the company's stock worth $2,312,000 after acquiring an additional 375 shares in the last quarter.

Analyst Upgrades and Downgrades

SPB has been the subject of a number of research reports. Royal Bank of Canada decreased their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Wells Fargo & Company decreased their target price on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. UBS Group dropped their target price on Spectrum Brands from $106.00 to $76.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and increased their price objective for the company from $94.00 to $102.00 in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $95.43.

Spectrum Brands Stock Down 0.2 %

Shares of Spectrum Brands stock traded down $0.12 on Tuesday, hitting $62.62. 504,823 shares of the company's stock traded hands, compared to its average volume of 411,681. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. The firm's 50-day moving average is $68.64 and its 200 day moving average is $80.82. The stock has a market cap of $1.65 billion, a P/E ratio of 15.39, a PEG ratio of 1.70 and a beta of 1.03. Spectrum Brands Holdings, Inc. has a 52-week low of $57.66 and a 52-week high of $96.74.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping analysts' consensus estimates 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 in the prior year, the firm posted $0.78 EPS. Equities analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 3.00%. Spectrum Brands's dividend payout ratio is currently 46.19%.

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.