FIL Ltd Purchases 36,798 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

FIL Ltd boosted its position in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 461,568 shares of the company's stock after purchasing an additional 36,798 shares during the period. FIL Ltd owned about 1.69% of Spectrum Brands worth $38,998,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPB. Steward Partners Investment Advisory LLC bought a new stake in Spectrum Brands during the 4th quarter worth approximately $50,000. Blue Trust Inc. boosted its holdings in Spectrum Brands by 46.5% in the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock worth $100,000 after buying an additional 375 shares during the period. KBC Group NV increased its stake in Spectrum Brands by 46.3% in the 4th quarter. KBC Group NV now owns 1,233 shares of the company's stock worth $104,000 after buying an additional 390 shares in the last quarter. M&T Bank Corp purchased a new position in shares of Spectrum Brands in the third quarter valued at about $221,000. Finally, Summit Trail Advisors LLC purchased a new stake in shares of Spectrum Brands during the fourth quarter worth about $237,000.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SPB shares. Royal Bank of Canada dropped their price target on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. UBS Group reduced their price target on shares of Spectrum Brands from $114.00 to $109.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company cut their price objective on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and increased their price target for the company from $94.00 to $102.00 in a research note 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. Based on data from MarketBeat.com, Spectrum Brands has a consensus rating of "Moderate Buy" and a consensus price target of $100.14.

Spectrum Brands Trading Down 0.7 %

NYSE:SPB traded down $0.44 during midday trading on Wednesday, hitting $59.99. 72,705 shares of the company traded hands, compared to its average volume of 402,148. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. Spectrum Brands Holdings, Inc. has a 12-month low of $57.93 and a 12-month high of $96.74. The firm has a market capitalization of $1.58 billion, a P/E ratio of 14.74, a P/E/G ratio of 1.70 and a beta of 1.03. The firm's fifty day moving average is $71.69 and its 200-day moving average is $82.81.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same quarter in the prior year, the business posted $0.78 EPS. On average, sell-side analysts predict that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 3.13%. Spectrum Brands's payout ratio is 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.