TIAA CREF Investment Management LLC grew its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 363,144 shares of the company’s stock after purchasing an additional 3,318 shares during the period. TIAA CREF Investment Management LLC owned about 0.63% of Spectrum Brands Holdings worth $45,408,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Spectrum Brands Holdings by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 2,020,401 shares of the company’s stock worth $280,856,000 after acquiring an additional 32,915 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Spectrum Brands Holdings by 1.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,634,684 shares of the company’s stock worth $204,401,000 after acquiring an additional 20,242 shares in the last quarter. BlackRock Inc. boosted its position in shares of Spectrum Brands Holdings by 5,054.7% during the 1st quarter. BlackRock Inc. now owns 1,208,769 shares of the company’s stock worth $168,030,000 after acquiring an additional 1,185,319 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Spectrum Brands Holdings by 18.2% during the 2nd quarter. Bessemer Group Inc. now owns 1,048,499 shares of the company’s stock worth $131,105,000 after acquiring an additional 161,567 shares in the last quarter. Finally, Brahman Capital Corp. boosted its position in shares of Spectrum Brands Holdings by 0.3% during the 1st quarter. Brahman Capital Corp. now owns 1,030,503 shares of the company’s stock worth $143,250,000 after acquiring an additional 3,035 shares in the last quarter. Hedge funds and other institutional investors own 47.05% of the company’s stock.

SPB has been the topic of several analyst reports. BidaskClub lowered shares of Spectrum Brands Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Zacks Investment Research lowered shares of Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 29th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $167.00 price target on shares of Spectrum Brands Holdings in a research report on Wednesday, August 30th. Wells Fargo & Company reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, July 27th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $150.00 price target (down previously from $165.00) on shares of Spectrum Brands Holdings in a research report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. Spectrum Brands Holdings currently has an average rating of “Buy” and an average target price of $146.38.

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Shares of Spectrum Brands Holdings, Inc. (NYSE SPB) opened at 106.86 on Wednesday. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 21.88 and a beta of 0.68. Spectrum Brands Holdings, Inc. has a 12 month low of $102.27 and a 12 month high of $146.09. The firm has a 50-day moving average of $108.18 and a 200-day moving average of $126.64.

Spectrum Brands Holdings (NYSE:SPB) last posted its earnings results on Thursday, July 27th. The company reported $1.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.92 by ($0.21). The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.38 billion. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The business’s revenue was down 4.2% on a year-over-year basis. During the same period last year, the company posted $1.73 EPS. On average, analysts anticipate that Spectrum Brands Holdings, Inc. will post $5.60 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, August 15th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Friday, August 11th. Spectrum Brands Holdings’s dividend payout ratio (DPR) is presently 34.29%.

Spectrum Brands Holdings 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 Holdings (NYSE:SPB)

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