Tokio Marine Asset Management Co. Ltd. Sells 400 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Tokio Marine Asset Management Co. Ltd. lessened its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,400 shares of the company’s stock after selling 400 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Spectrum Brands were worth $625,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SPB. SG Americas Securities LLC purchased a new stake in shares of Spectrum Brands during the third quarter valued at approximately $222,000. CWM LLC boosted its stake in shares of Spectrum Brands by 151.7% during the third quarter. CWM LLC now owns 1,880 shares of the company’s stock valued at $179,000 after purchasing an additional 1,133 shares during the period. nVerses Capital LLC boosted its stake in shares of Spectrum Brands by 28.6% during the third quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock valued at $171,000 after purchasing an additional 400 shares during the period. West Oak Capital LLC boosted its stake in shares of Spectrum Brands by 48.8% during the third quarter. West Oak Capital LLC now owns 26,984 shares of the company’s stock valued at $2,567,000 after purchasing an additional 8,855 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Spectrum Brands by 410.8% during the third quarter. Blue Trust Inc. now owns 807 shares of the company’s stock valued at $77,000 after purchasing an additional 649 shares during the period.

Spectrum Brands Stock Performance

Shares of Spectrum Brands stock opened at $82.17 on Wednesday. The company has a current ratio of 2.30, a quick ratio of 1.62 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2.24 billion, a P/E ratio of 20.14, a P/E/G ratio of 1.51 and a beta of 1.20. The business has a fifty day simple moving average of $87.05 and a two-hundred day simple moving average of $89.17. Spectrum Brands Holdings, Inc. has a 12 month low of $77.73 and a 12 month high of $96.74.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results 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). Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The company had revenue of $773.70 million for the quarter, compared to the consensus estimate of $747.80 million. During the same quarter in the previous year, the business earned $1.36 earnings per share. Spectrum Brands’s revenue was up 4.5% compared to the same quarter last year. On average, equities analysts forecast that Spectrum Brands Holdings, Inc. will post 5.17 earnings per share for the current fiscal year.

Spectrum Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, November 26th. This is an increase from Spectrum Brands’s previous quarterly dividend of $0.42. This represents a $1.88 annualized dividend and a dividend yield of 2.29%. Spectrum Brands’s dividend payout ratio (DPR) is presently 46.08%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SPB shares. 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 research note on Tuesday, January 7th. Canaccord Genuity Group raised their price target on Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a research note on Monday, November 18th. Finally, UBS Group dropped their price target on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Spectrum Brands presently has an average rating of “Moderate Buy” and an average target price of $100.75.

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.