Deutsche Bank AG Buys 58,852 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Deutsche Bank AG increased its position in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 165.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,403 shares of the company's stock after buying an additional 58,852 shares during the quarter. Deutsche Bank AG owned 0.35% of Spectrum Brands worth $7,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new position in shares of Spectrum Brands during the 4th quarter worth approximately $50,000. Blue Trust Inc. lifted its stake in Spectrum Brands by 46.5% during the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock valued at $100,000 after acquiring an additional 375 shares in the last quarter. KBC Group NV lifted its stake in Spectrum Brands by 46.3% during the 4th quarter. KBC Group NV now owns 1,233 shares of the company's stock valued at $104,000 after acquiring an additional 390 shares in the last quarter. Summit Trail Advisors LLC bought a new position in Spectrum Brands during the 4th quarter valued at $237,000. Finally, Fox Run Management L.L.C. raised its stake in shares of Spectrum Brands by 5.3% during the 4th quarter. Fox Run Management L.L.C. now owns 3,645 shares of the company's stock worth $308,000 after purchasing an additional 185 shares during the period.

Spectrum Brands Stock Up 0.5%

Shares of NYSE SPB traded up $0.33 during trading on Tuesday, reaching $63.98. The company had a trading volume of 345,811 shares, compared to its average volume of 418,786. Spectrum Brands Holdings, Inc. has a 12-month low of $56.50 and a 12-month high of $96.62. The stock has a market cap of $1.60 billion, a PE ratio of 15.72, a P/E/G ratio of 1.70 and a beta of 1.00. The business's 50-day moving average is $65.01 and its 200 day moving average is $78.04. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.67). Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. The company had revenue of $675.70 million during the quarter, compared to analysts' expectations of $701.00 million. During the same period in the prior year, the company posted $1.62 earnings per share. The company's revenue was down 6.0% on a year-over-year basis. As a group, equities analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.88 annualized dividend and a yield of 2.94%. Spectrum Brands's dividend payout ratio (DPR) is presently 89.95%.

Insider Activity at Spectrum Brands

In related news, CEO David M. Maura sold 5,180 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $63.77, for a total transaction of $330,328.60. Following the sale, the chief executive officer now directly owns 718,427 shares of the company's stock, valued at $45,814,089.79. This trade represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Monness Crespi & Hardt decreased their price objective on Spectrum Brands from $106.00 to $86.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Wells Fargo & Company lowered 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, April 16th. Canaccord Genuity Group upgraded Spectrum Brands from a "hold" rating to a "buy" rating and boosted their price objective for the company from $94.00 to $102.00 in a research report on Friday, February 7th. Royal Bank of Canada reduced their target price 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, UBS Group upped their target price on Spectrum Brands from $76.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's 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 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.