Humankind Investments LLC Increases Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Humankind Investments LLC raised its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,104 shares of the company’s stock after purchasing an additional 355 shares during the quarter. Humankind Investments LLC’s holdings in Spectrum Brands were worth $431,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Barclays PLC boosted its holdings in Spectrum Brands by 71.4% in the third quarter. Barclays PLC now owns 35,407 shares of the company’s stock valued at $3,369,000 after purchasing an additional 14,746 shares during the period. Franklin Resources Inc. boosted its stake in shares of Spectrum Brands by 2.6% in the 3rd quarter. Franklin Resources Inc. now owns 14,792 shares of the company’s stock valued at $1,356,000 after buying an additional 381 shares during the period. City Center Advisors LLC acquired a new position in shares of Spectrum Brands during the fourth quarter worth about $306,000. West Oak Capital LLC increased its stake in shares of Spectrum Brands by 1.4% during the fourth quarter. West Oak Capital LLC now owns 27,359 shares of the company’s stock worth $2,312,000 after buying an additional 375 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Spectrum Brands by 478.4% in the fourth quarter. SG Americas Securities LLC now owns 13,500 shares of the company’s stock valued at $1,141,000 after acquiring an additional 11,166 shares in the last quarter.

Spectrum Brands Price Performance

Shares of SPB opened at $61.83 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53. Spectrum Brands Holdings, Inc. has a 1-year low of $56.50 and a 1-year high of $96.62. The stock has a market cap of $1.63 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00. The firm has a fifty day moving average price of $66.03 and a 200 day moving average price of $79.15.

Spectrum Brands (NYSE:SPB) last posted its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.67). The firm had revenue of $675.70 million during the quarter, compared to analysts’ expectations of $701.00 million. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.62 earnings per share. As a group, sell-side analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be issued a $0.47 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.04%. Spectrum Brands’s payout ratio is 46.19%.

Wall Street Analyst Weigh In

SPB has been the subject of several analyst reports. Royal Bank of Canada lowered their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Canaccord Genuity Group raised Spectrum Brands from a “hold” rating to a “buy” rating and increased their target price for the company from $94.00 to $102.00 in a report on Friday, February 7th. Wells Fargo & Company cut their price target on Spectrum Brands from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Finally, UBS Group upped their price objective on Spectrum Brands from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.80.

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.