First Eagle Investment Management LLC Has $15.74 Million Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

First Eagle Investment Management LLC boosted its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 9.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 186,272 shares of the company’s stock after buying an additional 15,400 shares during the period. First Eagle Investment Management LLC owned approximately 0.68% of Spectrum Brands worth $15,738,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Brooklyn Investment Group acquired a new position in Spectrum Brands in the third quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its holdings in Spectrum Brands by 92.2% in the third quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock valued at $52,000 after buying an additional 261 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in Spectrum Brands in the fourth quarter valued at approximately $50,000. Quantbot Technologies LP acquired a new position in Spectrum Brands in the third quarter valued at approximately $62,000. Finally, Quarry LP raised its holdings in Spectrum Brands by 70.9% in the third quarter. Quarry LP now owns 974 shares of the company’s stock worth $93,000 after purchasing an additional 404 shares during the period.

Wall Street Analysts Forecast Growth

SPB has been the topic of several analyst reports. Wells Fargo & Company cut 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. UBS Group cut their target price on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and increased their price objective for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Finally, Royal Bank of Canada reduced their target price 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Spectrum Brands currently has an average rating of “Moderate Buy” and an average price target of $103.43.

Spectrum Brands Stock Performance

Shares of SPB opened at $70.39 on Friday. Spectrum Brands Holdings, Inc. has a 12 month low of $70.27 and a 12 month high of $96.74. The firm has a fifty day simple moving average of $80.41 and a 200 day simple moving average of $87.26. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.70 and a beta of 1.20. The company has a current ratio of 2.40, a quick ratio of 1.53 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, 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 6.44%. During the same quarter in the previous year, the business earned $0.78 earnings per share. Research analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.67%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands’s payout ratio is 46.19%.

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.