Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Acquired by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC raised its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 2.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 110,971 shares of the company’s stock after purchasing an additional 2,396 shares during the quarter. Spectrum Brands makes up 1.1% of Keeley Teton Advisors LLC’s holdings, making the stock its 9th largest position. Keeley Teton Advisors LLC’s holdings in Spectrum Brands were worth $9,376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPB. Steward Partners Investment Advisory LLC purchased a new stake in shares of Spectrum Brands during the fourth quarter worth $50,000. Blue Trust Inc. raised its stake in shares of Spectrum Brands by 46.5% during the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock worth $100,000 after purchasing an additional 375 shares in the last quarter. KBC Group NV lifted its holdings in shares of Spectrum Brands by 46.3% during the 4th quarter. KBC Group NV now owns 1,233 shares of the company’s stock valued at $104,000 after buying an additional 390 shares during the last quarter. M&T Bank Corp acquired a new position in Spectrum Brands in the third quarter worth approximately $221,000. Finally, Summit Trail Advisors LLC bought a new position in Spectrum Brands during the fourth quarter valued at approximately $237,000.

Spectrum Brands Price Performance

Shares of Spectrum Brands stock opened at $61.47 on Tuesday. Spectrum Brands Holdings, Inc. has a twelve month low of $57.93 and a twelve month high of $96.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. The firm has a market cap of $1.62 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03. The firm’s 50-day simple moving average is $72.01 and its 200-day simple moving average is $82.97.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same period in the previous year, the business earned $0.78 EPS. As a group, research analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Tuesday, February 18th. Spectrum Brands’s dividend payout ratio (DPR) is currently 46.19%.

Wall Street Analysts Forecast Growth

Several analysts have commented on SPB shares. UBS Group decreased their target price on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and increased their target price for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Royal Bank of Canada decreased their price target on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Finally, Wells Fargo & Company reduced their target price on Spectrum Brands from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $101.57.

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.