Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Purchased by Systematic Financial Management LP

Systematic Financial Management LP increased its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 359,748 shares of the company's stock after buying an additional 13,743 shares during the quarter. Systematic Financial Management LP owned about 1.32% of Spectrum Brands worth $30,395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPB. Anchor Capital Advisors LLC lifted its stake in Spectrum Brands by 1.2% in the fourth quarter. Anchor Capital Advisors LLC now owns 15,596 shares of the company's stock valued at $1,318,000 after buying an additional 184 shares during the last quarter. Fox Run Management L.L.C. grew its holdings in Spectrum Brands by 5.3% in the fourth quarter. Fox Run Management L.L.C. now owns 3,645 shares of the company's stock valued at $308,000 after purchasing an additional 185 shares during the last quarter. Legato Capital Management LLC lifted its position in shares of Spectrum Brands by 2.2% in the fourth quarter. Legato Capital Management LLC now owns 9,299 shares of the company's stock valued at $786,000 after acquiring an additional 198 shares in the last quarter. Humankind Investments LLC lifted its position in Spectrum Brands by 7.5% during the fourth quarter. Humankind Investments LLC now owns 5,104 shares of the company's stock worth $431,000 after buying an additional 355 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of 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 purchasing an additional 375 shares during the period.

Insider Buying and Selling at Spectrum Brands

In other news, CEO David M. Maura sold 5,180 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $63.77, for a total value of $330,328.60. Following the completion of the sale, the chief executive officer now owns 718,427 shares of the company's stock, valued at approximately $45,814,089.79. The trade was a 0.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.60% of the company's stock.

Spectrum Brands Stock Up 1.5%

Shares of NYSE SPB opened at $65.50 on Friday. 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 company has a market capitalization of $1.64 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00. The firm's 50-day moving average is $65.18 and its two-hundred day moving average is $78.40. Spectrum Brands Holdings, Inc. has a 12-month low of $56.50 and a 12-month high of $96.62.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its earnings results 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 company had revenue of $675.70 million for 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%. The company's revenue was down 6.0% compared to the same quarter last year. During the same period last year, the firm posted $1.62 EPS. Equities analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

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 yield of 2.87%. The ex-dividend date is Tuesday, May 27th. Spectrum Brands's dividend payout ratio is presently 89.95%.

Wall Street Analyst Weigh In

SPB has been the subject of a number of recent analyst reports. 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 note on Wednesday, April 16th. UBS Group lifted 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. Royal Bank of Canada lowered their price objective 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. Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and upped their target price for the company from $94.00 to $102.00 in a research report on Friday, February 7th. Finally, Monness Crespi & Hardt reduced their price target on Spectrum Brands from $106.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.

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