Dimensional Fund Advisors LP cut its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 340,810 shares of the company’s stock after selling 6,180 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Spectrum Brands were worth $36,097,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Hartford Investment Management Co. lifted its holdings in 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 purchasing an additional 7,642 shares in the last quarter. BB&T Securities LLC lifted its holdings in 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 purchasing an additional 1,179 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in 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 purchasing an additional 5,550 shares in the last quarter. Schroder Investment Management Group lifted its holdings in Spectrum Brands by 7.7% in the 3rd quarter. Schroder Investment Management Group now owns 875,847 shares of the company’s stock worth $92,016,000 after purchasing an additional 62,944 shares in the last quarter. Finally, Trexquant Investment LP lifted its holdings in Spectrum Brands by 72.4% in the 3rd quarter. Trexquant Investment LP now owns 6,281 shares of the company’s stock worth $665,000 after purchasing an additional 2,638 shares in the last quarter. Institutional investors own 48.23% of the company’s stock.

A number of research analysts recently commented on SPB shares. Jefferies Group reissued a “buy” rating and issued a $142.00 price target on shares of Spectrum Brands in a report on Thursday, November 16th. Wells Fargo & Co reissued a “buy” rating on shares of Spectrum Brands in a report on Wednesday, December 20th. BMO Capital Markets set a $132.00 price target on Spectrum Brands and gave the stock a “buy” rating in a report on Friday, November 17th. Oppenheimer reissued a “buy” rating and issued a $167.00 price target on shares of Spectrum Brands in a report on Monday, November 20th. Finally, KeyCorp set a $130.00 price objective on Spectrum Brands and gave the stock a “buy” rating in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $141.67.

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) opened at $120.48 on Friday. Spectrum Brands Holdings, Inc. has a twelve month low of $98.11 and a twelve month high of $146.09. The firm has a market capitalization of $6,950.00, a price-to-earnings ratio of 24.00, a P/E/G ratio of 1.79 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 (NYSE:SPB) last released its quarterly 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). Spectrum Brands had a net margin of 5.91% and a return on equity of 17.48%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the company posted $1.31 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. equities analysts forecast that Spectrum Brands Holdings, Inc. will post 6.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 19th. Investors of record on Tuesday, November 28th were issued 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 1.39%. Spectrum Brands’s payout ratio is presently 33.47%.

COPYRIGHT VIOLATION WARNING: This story was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.watchlistnews.com/dimensional-fund-advisors-lp-sells-6180-shares-of-spectrum-brands-holdings-inc-spb/1805425.html.

About Spectrum Brands

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.

Want to see what other hedge funds are holding SPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spectrum Brands Holdings, Inc. (NYSE:SPB).

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

Receive News & Ratings for Spectrum Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands and related companies with MarketBeat.com's FREE daily email newsletter.