West Oak Capital LLC Acquires 375 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

West Oak Capital LLC increased its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 1.4% during the 4th quarter, Holdings Channel reports. The firm owned 27,359 shares of the company’s stock after purchasing an additional 375 shares during the quarter. West Oak Capital LLC’s holdings in Spectrum Brands were worth $2,312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Waldron Private Wealth LLC bought a new stake in Spectrum Brands during the third quarter worth about $27,000. Brooklyn Investment Group purchased a new position in shares of Spectrum Brands during the 3rd quarter valued at about $31,000. International Assets Investment Management LLC lifted its position in Spectrum Brands by 9,420.0% in the 3rd quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock worth $45,000 after buying an additional 471 shares during the last quarter. Quarry LP boosted its stake in Spectrum Brands by 375.0% in the second quarter. Quarry LP now owns 570 shares of the company’s stock worth $49,000 after buying an additional 450 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Spectrum Brands during the second quarter valued at approximately $50,000.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SPB shares. Canaccord Genuity Group boosted their price objective on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a report on Monday, November 18th. Wells Fargo & Company cut their price target on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.13.

Spectrum Brands Price Performance

Shares of Spectrum Brands stock opened at $83.76 on Tuesday. The company’s fifty day simple moving average is $89.12 and its two-hundred day simple moving average is $89.09. Spectrum Brands Holdings, Inc. has a 12-month low of $75.50 and a 12-month high of $96.74. The firm has a market cap of $2.35 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20. The company has a quick ratio of 1.62, a current ratio of 2.30 and a debt-to-equity ratio of 0.26.

Spectrum Brands (NYSE:SPB) last posted its earnings results on Friday, November 15th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.16). The business had revenue of $773.70 million during the quarter, compared to the consensus estimate of $747.80 million. Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 earnings per share. As a group, equities analysts expect that Spectrum Brands Holdings, Inc. will post 5.25 EPS for the current year.

Spectrum Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, November 26th. This is a boost from Spectrum Brands’s previous quarterly dividend of $0.42. This represents a $1.88 annualized dividend and a dividend yield of 2.24%. Spectrum Brands’s payout ratio is 46.08%.

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.