Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Sold by Millennium Management LLC

Millennium Management LLC decreased its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 21.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,072 shares of the company's stock after selling 27,197 shares during the period. Millennium Management LLC owned about 0.37% of Spectrum Brands worth $8,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. Lazard Asset Management LLC increased its holdings in shares of Spectrum Brands by 89.6% during the fourth quarter. Lazard Asset Management LLC now owns 1,464 shares of the company's stock worth $123,000 after buying an additional 692 shares in the last quarter. Humankind Investments LLC boosted its stake in shares of Spectrum Brands by 7.5% during the fourth quarter. Humankind Investments LLC now owns 5,104 shares of the company's stock valued at $431,000 after purchasing an additional 355 shares in the last quarter. Graham Capital Management L.P. grew its holdings in shares of Spectrum Brands by 73.7% during the fourth quarter. Graham Capital Management L.P. now owns 20,687 shares of the company's stock worth $1,748,000 after purchasing an additional 8,776 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Spectrum Brands by 165.5% in the fourth quarter. Deutsche Bank AG now owns 94,403 shares of the company's stock valued at $7,976,000 after buying an additional 58,852 shares during the period. Finally, Brevan Howard Capital Management LP raised its holdings in Spectrum Brands by 290.4% in the 4th quarter. Brevan Howard Capital Management LP now owns 14,942 shares of the company's stock valued at $1,262,000 after buying an additional 11,115 shares during the last quarter.

Insider Activity at Spectrum Brands

In other news, CEO David M. Maura sold 66,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $65.53, for a total value of $4,324,980.00. Following the sale, the chief executive officer now directly owns 723,607 shares in the company, valued at $47,417,966.71. The trade was a 8.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.60% of the stock is owned by corporate insiders.

Spectrum Brands Trading Down 1.5%

Shares of Spectrum Brands stock traded down $0.89 during trading on Friday, reaching $57.50. The company's stock had a trading volume of 34,292 shares, compared to its average volume of 477,745. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 1.70 and a beta of 1.00. Spectrum Brands Holdings, Inc. has a 52-week low of $56.50 and a 52-week high of $96.62. 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 $63.12 and its two-hundred day moving average is $76.42.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.67). The firm had revenue of $675.70 million during the quarter, compared to the consensus estimate of $701.00 million. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. Spectrum Brands's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.62 EPS. On average, sell-side analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Tuesday, May 27th. Spectrum Brands's dividend payout ratio (DPR) is 89.95%.

Wall Street Analyst Weigh In

SPB has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of 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. Royal Bank of Canada lowered their target price on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Monness Crespi & Hardt reduced their price target on shares of Spectrum Brands from $106.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. UBS Group upped their price objective on shares of Spectrum Brands from $76.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and lifted their price objective 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 four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $89.17.

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.