Strs Ohio Sells 94,719 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Strs Ohio lowered its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 87.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,187 shares of the company’s stock after selling 94,719 shares during the period. Strs Ohio’s holdings in Spectrum Brands were worth $1,131,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SPB. International Assets Investment Management LLC increased its position in Spectrum Brands by 1,713.6% during the 4th quarter. International Assets Investment Management LLC now owns 399 shares of the company’s stock valued at $32,000 after buying an additional 377 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Spectrum Brands by 53.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the company’s stock valued at $36,000 after buying an additional 160 shares in the last quarter. Fifth Third Bancorp bought a new position in Spectrum Brands during the 4th quarter valued at approximately $71,000. DekaBank Deutsche Girozentrale bought a new position in Spectrum Brands during the 4th quarter valued at approximately $79,000. Finally, USA Financial Formulas bought a new position in Spectrum Brands during the 3rd quarter valued at approximately $101,000.

Analysts Set New Price Targets

SPB has been the subject of a number of research analyst reports. Monness Crespi & Hardt lifted their target price on Spectrum Brands from $87.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, February 9th. StockNews.com raised Spectrum Brands from a “sell” rating to a “hold” rating in a report on Saturday, December 30th. Wells Fargo & Company lifted their target price on Spectrum Brands from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. Canaccord Genuity Group lowered Spectrum Brands from a “buy” rating to a “hold” rating and lifted their target price for the stock from $83.00 to $86.00 in a report on Friday, February 9th. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a $86.00 target price (up previously from $83.00) on shares of Spectrum Brands in a report on Friday, February 9th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $89.17.

Spectrum Brands Stock Performance

SPB stock opened at $80.51 on Wednesday. The company has a market cap of $2.44 billion, a P/E ratio of 1.75, a price-to-earnings-growth ratio of 0.55 and a beta of 1.20. Spectrum Brands Holdings, Inc. has a 1 year low of $63.64 and a 1 year high of $89.64. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.36 and a quick ratio of 2.75. The stock’s fifty day moving average price is $83.08 and its 200-day moving average price is $78.97.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.47. The firm had revenue of $692.20 million for the quarter, compared to the consensus estimate of $674.20 million. Spectrum Brands had a return on equity of 4.66% and a net margin of 63.89%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the business posted ($0.32) EPS. On average, equities analysts forecast that Spectrum Brands Holdings, Inc. will post 3.79 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were given a dividend of $0.42 per share. The ex-dividend date was Friday, February 16th. This represents a $1.68 annualized dividend and a yield of 2.09%. Spectrum Brands’s dividend payout ratio (DPR) is presently 3.65%.

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.