Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lowered its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 53.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,309 shares of the company’s stock after selling 13,064 shares during the period. Congress Wealth Management LLC DE’s holdings in Spectrum Brands were worth $956,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SPB. LPL Financial LLC boosted its position in Spectrum Brands by 10.1% in the 4th quarter. LPL Financial LLC now owns 7,284 shares of the company’s stock valued at $615,000 after buying an additional 669 shares during the period. Fox Run Management L.L.C. grew its stake in Spectrum Brands by 5.3% during the 4th quarter. Fox Run Management L.L.C. now owns 3,645 shares of the company’s stock worth $308,000 after purchasing an additional 185 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Spectrum Brands during the 4th quarter worth $624,000. AXQ Capital LP increased its holdings in Spectrum Brands by 9.9% during the 4th quarter. AXQ Capital LP now owns 10,800 shares of the company’s stock worth $912,000 after purchasing an additional 974 shares during the period. Finally, Sei Investments Co. raised its position in Spectrum Brands by 2.0% in the 4th quarter. Sei Investments Co. now owns 211,412 shares of the company’s stock valued at $17,862,000 after purchasing an additional 4,050 shares in the last quarter.

Spectrum Brands Trading Up 1.9 %

NYSE:SPB opened at $71.52 on Friday. The company has a market capitalization of $1.88 billion, a PE ratio of 17.57, a P/E/G ratio of 1.70 and a beta of 1.20. Spectrum Brands Holdings, Inc. has a 52-week low of $68.74 and a 52-week high of $96.74. The stock’s 50 day moving average price is $77.70 and its 200 day moving average price is $85.70. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27.

Spectrum Brands (NYSE:SPB) last announced its earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same period in the previous year, the business posted $0.78 EPS. On average, research analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.63%. Spectrum Brands’s payout ratio is 46.19%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Canaccord Genuity Group raised Spectrum Brands from a “hold” rating to a “buy” rating and raised their target price for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. UBS Group lowered their price target on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Wells Fargo & Company cut their price objective 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $103.43.

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.