Swiss National Bank Buys 400 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Swiss National Bank lifted its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,099 shares of the company’s stock after purchasing an additional 400 shares during the period. Swiss National Bank’s holdings in Spectrum Brands were worth $4,655,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Brooklyn Investment Group acquired a new position in Spectrum Brands during the third quarter worth $31,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Spectrum Brands in the 4th quarter valued at about $50,000. Quantbot Technologies LP acquired a new stake in Spectrum Brands in the 3rd quarter valued at about $62,000. Quarry LP grew its holdings in Spectrum Brands by 70.9% during the third quarter. Quarry LP now owns 974 shares of the company’s stock worth $93,000 after purchasing an additional 404 shares during the period. Finally, Blue Trust Inc. increased its position in Spectrum Brands by 46.5% during the fourth 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 last quarter.

Spectrum Brands Stock Up 2.2 %

NYSE SPB opened at $71.23 on Tuesday. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.70 and a beta of 1.20. The company has a 50 day moving average of $78.57 and a 200-day moving average of $86.07. Spectrum Brands Holdings, Inc. has a 1-year low of $68.74 and a 1-year high of $96.74.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.02 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the firm posted $0.78 earnings per share. On average, equities research analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Tuesday, February 18th. Spectrum Brands’s dividend payout ratio is currently 46.19%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SPB. 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. UBS Group cut their price objective on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada decreased 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. Finally, Wells Fargo & Company dropped their price target on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $103.43.

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.