B. Metzler seel. Sohn & Co. Holding AG Acquires New Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB)


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B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,653 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in Spectrum Brands by 5.0% during the fourth quarter. Rhumbline Advisers now owns 45,723 shares of the company’s stock valued at $3,611,000 after buying an additional 2,163 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Spectrum Brands during the fourth quarter valued at about $11,094,000. California State Teachers Retirement System raised its holdings in Spectrum Brands by 2.0% during the third quarter. California State Teachers Retirement System now owns 72,738 shares of the company’s stock valued at $4,158,000 after buying an additional 1,407 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Spectrum Brands by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 281,260 shares of the company’s stock valued at $22,214,000 after buying an additional 2,507 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Spectrum Brands by 50.0% during the fourth quarter. Sei Investments Co. now owns 70,506 shares of the company’s stock valued at $5,571,000 after buying an additional 23,510 shares in the last quarter. 92.61% of the stock is owned by hedge funds and other institutional investors.

Shares of SPB opened at $91.76 on Tuesday. Spectrum Brands Holdings, Inc. has a 12-month low of $34.54 and a 12-month high of $92.12. The company has a quick ratio of 1.24, a current ratio of 1.83 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 38.23, a P/E/G ratio of 0.81 and a beta of 1.94. The stock’s 50-day moving average price is $84.02 and its 200 day moving average price is $73.85.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, February 4th. The company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $1.36. Spectrum Brands had a return on equity of 13.35% and a net margin of 2.46%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 31.4% compared to the same quarter last year. Equities research analysts expect that Spectrum Brands Holdings, Inc. will post 5.01 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 16th. Investors of record on Tuesday, February 23rd were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.83%. This is a positive change from Spectrum Brands’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, February 22nd. Spectrum Brands’s payout ratio is currently 40.98%.

Several equities analysts have weighed in on the company. Oppenheimer raised their target price on Spectrum Brands from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Tuesday, January 5th. Royal Bank of Canada raised their target price on Spectrum Brands from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Friday, February 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on Spectrum Brands from $101.00 to $104.00 and gave the stock a “buy” rating in a research note on Monday, February 8th. Monness Crespi & Hardt reiterated a “buy” rating and issued a $100.00 price objective (up from $85.00) on shares of Spectrum Brands in a research note on Monday, February 8th. Finally, Zacks Investment Research lowered Spectrum Brands from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Spectrum Brands presently has a consensus rating of “Buy” and a consensus target price of $84.29.

Spectrum Brands Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. The company's Hardware & Home Improvement segment offers hardware products under the National Hardware and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell Manufacturing brands; and plumbing products under the Pfister brand.

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Institutional Ownership by Quarter for Spectrum Brands (NYSE:SPB)

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