Entropy Technologies LP Buys New Stake in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Entropy Technologies LP purchased a new stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 10,240 shares of the company’s stock, valued at approximately $865,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPB. Empowered Funds LLC acquired a new position in shares of Spectrum Brands in the 4th quarter valued at $387,000. Lecap Asset Management Ltd. acquired a new position in Spectrum Brands in the fourth quarter valued at $829,000. Manning & Napier Advisors LLC raised its holdings in shares of Spectrum Brands by 30.4% in the fourth quarter. Manning & Napier Advisors LLC now owns 150,000 shares of the company’s stock valued at $12,674,000 after buying an additional 35,000 shares during the last quarter. KBC Group NV boosted its stake in shares of Spectrum Brands by 46.3% during the fourth quarter. KBC Group NV now owns 1,233 shares of the company’s stock worth $104,000 after buying an additional 390 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Spectrum Brands by 46.5% during the fourth quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock worth $100,000 after buying an additional 375 shares during the last quarter.

Spectrum Brands Price Performance

Shares of NYSE SPB opened at $76.10 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62. The business’s fifty day moving average price is $86.30 and its two-hundred day moving average price is $89.08. The firm has a market capitalization of $2.08 billion, a PE ratio of 18.70, a P/E/G ratio of 1.36 and a beta of 1.20. Spectrum Brands Holdings, Inc. has a 1-year low of $74.72 and a 1-year high of $96.74.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.34%. During the same period in the previous year, the company posted $0.78 EPS. On average, research analysts expect that Spectrum Brands Holdings, Inc. will post 5.17 EPS for the current year.

Spectrum Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.47%. Spectrum Brands’s dividend payout ratio is currently 46.19%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SPB shares. Canaccord Genuity Group upgraded Spectrum Brands from a “hold” rating to a “buy” rating and upped their price target for the stock from $94.00 to $102.00 in a research note on Friday. UBS Group cut their price objective 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. Wells Fargo & Company lowered their target price on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Royal Bank of Canada cut their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $103.43.

Spectrum Brands 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.