Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. decreased its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 10.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,600 shares of the company’s stock after selling 1,200 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Spectrum Brands were worth $846,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SPB. Larson Financial Group LLC raised its holdings in Spectrum Brands by 72.6% in the 4th quarter. Larson Financial Group LLC now owns 359 shares of the company’s stock worth $29,000 after purchasing an additional 151 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Spectrum Brands by 1,713.6% during the fourth quarter. International Assets Investment Management LLC now owns 399 shares of the company’s stock valued at $32,000 after acquiring an additional 377 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Spectrum Brands by 53.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the company’s stock valued at $36,000 after acquiring an additional 160 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of Spectrum Brands during the fourth quarter valued at approximately $71,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Spectrum Brands during the fourth quarter valued at approximately $79,000.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SPB shares. Canaccord Genuity Group reissued a “hold” rating and set a $86.00 target price (up previously from $83.00) on shares of Spectrum Brands in a report on Friday, February 9th. StockNews.com upgraded Spectrum Brands from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Monness Crespi & Hardt upped their price target on Spectrum Brands from $87.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Wells Fargo & Company upped their price target on Spectrum Brands from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada upped their price target on Spectrum Brands from $89.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $89.17.

Spectrum Brands Trading Up 2.8 %

Shares of Spectrum Brands stock opened at $82.59 on Friday. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 1.79, a PEG ratio of 0.56 and a beta of 1.20. Spectrum Brands Holdings, Inc. has a fifty-two week low of $64.04 and a fifty-two week high of $89.64. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.75 and a current ratio of 3.36. The stock has a 50 day moving average of $82.86 and a 200 day moving average of $79.04.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.47. The company had revenue of $692.20 million during the quarter, compared to analyst estimates of $674.20 million. Spectrum Brands had a return on equity of 4.66% and a net margin of 63.89%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.32) earnings per share. As a group, research analysts predict that Spectrum Brands Holdings, Inc. will post 3.79 earnings per share for the current year.

Spectrum Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.68 annualized dividend and a dividend yield of 2.03%. Spectrum Brands’s dividend payout ratio is currently 3.65%.

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.