Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 8.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 122,113 shares of the company’s stock after selling 11,298 shares during the period. BNP Paribas Financial Markets owned approximately 0.44% of Spectrum Brands worth $11,618,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale lifted its position in shares of Spectrum Brands by 24.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,225 shares of the company’s stock worth $104,000 after purchasing an additional 240 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Spectrum Brands by 92.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock worth $52,000 after buying an additional 261 shares during the period. Waldron Private Wealth LLC acquired a new position in Spectrum Brands in the 3rd quarter worth $27,000. Brooklyn Investment Group purchased a new position in Spectrum Brands in the 3rd quarter valued at about $31,000. Finally, State of New Jersey Common Pension Fund D boosted its position in Spectrum Brands by 1.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 21,477 shares of the company’s stock valued at $2,043,000 after buying an additional 345 shares during the last quarter.

Spectrum Brands Stock Up 0.2 %

Shares of NYSE:SPB opened at $91.95 on Monday. The company’s fifty day moving average is $91.36 and its two-hundred day moving average is $89.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.62 and a current ratio of 2.30. Spectrum Brands Holdings, Inc. has a 1-year low of $67.34 and a 1-year high of $96.74. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 1.60 and a beta of 1.23.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings data on Friday, November 15th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.16). The business had revenue of $773.70 million for the quarter, compared to analyst estimates of $747.80 million. Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. Spectrum Brands’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 EPS. Equities analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.25 EPS for the current year.

Spectrum Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.88 dividend on an annualized basis and a yield of 2.04%. This is a positive change from Spectrum Brands’s previous quarterly dividend of $0.42. Spectrum Brands’s payout ratio is currently 46.08%.

Wall Street Analyst Weigh In

SPB has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. UBS Group upped their target price on Spectrum Brands from $111.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Wells Fargo & Company raised their price target on shares of Spectrum Brands from $87.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Finally, Canaccord Genuity Group upped their price target on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a report on Monday, November 18th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Spectrum Brands has an average rating of “Hold” and a consensus target price of $102.38.

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.