California State Teachers Retirement System reduced its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 10.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,354 shares of the company’s stock after selling 4,695 shares during the period. California State Teachers Retirement System owned approximately 0.07% of Spectrum Brands worth $4,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. purchased a new position in shares of Spectrum Brands in the 3rd quarter worth $7,882,000. OxFORD Asset Management LLP purchased a new position in shares of Spectrum Brands in the 3rd quarter worth $4,211,000. Hartford Investment Management Co. boosted its stake in shares of Spectrum Brands by 18.1% in the 3rd quarter. Hartford Investment Management Co. now owns 49,946 shares of the company’s stock worth $5,290,000 after buying an additional 7,642 shares during the last quarter. BB&T Securities LLC boosted its stake in shares of Spectrum Brands by 10.4% in the 3rd quarter. BB&T Securities LLC now owns 12,471 shares of the company’s stock worth $1,320,000 after buying an additional 1,179 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Spectrum Brands by 1.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 486,600 shares of the company’s stock worth $51,541,000 after buying an additional 5,550 shares during the last quarter. Hedge funds and other institutional investors own 48.23% of the company’s stock.

A number of research firms have recently issued reports on SPB. Canaccord Genuity restated a “buy” rating on shares of Spectrum Brands in a research note on Thursday, September 28th. Wells Fargo & Co raised their price target on Spectrum Brands from $125.00 to $132.00 and gave the stock an “outperform” rating in a research note on Thursday. Oppenheimer restated a “buy” rating on shares of Spectrum Brands in a research note on Wednesday, December 20th. Rowe restated a “buy” rating and issued a $167.00 price target on shares of Spectrum Brands in a research note on Wednesday. Finally, KeyCorp set a $130.00 price target on Spectrum Brands and gave the stock a “buy” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. Spectrum Brands has an average rating of “Buy” and an average target price of $141.33.

Spectrum Brands Holdings, Inc. (SPB) opened at $119.89 on Friday. The firm has a market capitalization of $6,854.04, a price-to-earnings ratio of 23.79, a P/E/G ratio of 1.77 and a beta of 0.76. The company has a current ratio of 1.44, a quick ratio of 0.75 and a debt-to-equity ratio of 2.06. Spectrum Brands Holdings, Inc. has a 52-week low of $98.11 and a 52-week high of $146.09.

Spectrum Brands (NYSE:SPB) last released its earnings results on Thursday, November 16th. The company reported $1.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($0.12). The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Spectrum Brands had a net margin of 5.91% and a return on equity of 17.48%. Spectrum Brands’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 earnings per share. equities analysts anticipate that Spectrum Brands Holdings, Inc. will post 6.16 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Investors of record on Tuesday, November 28th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, November 27th. This represents a $1.68 annualized dividend and a yield of 1.40%. Spectrum Brands’s dividend payout ratio (DPR) is presently 33.33%.

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Spectrum Brands Profile

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.

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

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