Spectrum Brands Holdings Inc. (NYSE:SPB) shares fell 0.9% on Monday . The company traded as low as $117.09 and last traded at $117.35, with a volume of 140,883 shares trading hands. The stock had previously closed at $118.41.

A number of research firms have weighed in on SPB. Bank of America Corp. reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, April 28th. Zacks Investment Research cut shares of Spectrum Brands Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Monness Crespi & Hardt boosted their price objective on shares of Spectrum Brands Holdings from $114.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, April 29th. Finally, Jefferies Group reiterated a “buy” rating and set a $143.00 price objective on shares of Spectrum Brands Holdings in a research report on Wednesday, June 22nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $121.50.

The company has a 50-day moving average price of $117.22 and a 200-day moving average price of $107.25. The company has a market cap of $6.94 billion and a PE ratio of 31.41.

Spectrum Brands Holdings (NYSE:SPB) last posted its earnings results on Thursday, April 28th. The company reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.25. The firm earned $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the company posted $0.69 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities analysts predict that Spectrum Brands Holdings Inc. will post $5.14 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 14th. Stockholders of record on Tuesday, May 17th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, May 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.30%.

In related news, Chairman David M. Maura acquired 4,350 shares of Spectrum Brands Holdings stock in a transaction dated Monday, June 13th. The shares were acquired at an average cost of $114.52 per share, for a total transaction of $498,162.00. Following the completion of the transaction, the chairman now directly owns 277,633 shares of the company’s stock, valued at $31,794,531.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

A number of institutional investors have added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in Spectrum Brands Holdings by 2.6% in the fourth quarter. Victory Capital Management Inc. now owns 9,863 shares of the company’s stock valued at $1,004,000 after buying an additional 249 shares during the period. Pinnacle Associates Ltd. increased its position in Spectrum Brands Holdings by 131.4% in the fourth quarter. Pinnacle Associates Ltd. now owns 15,576 shares of the company’s stock valued at $1,586,000 after buying an additional 8,845 shares during the period. Bank of Montreal Can increased its position in Spectrum Brands Holdings by 3.7% in the fourth quarter. Bank of Montreal Can now owns 20,735 shares of the company’s stock valued at $2,110,000 after buying an additional 734 shares during the period. Eagle Asset Management Inc. acquired a new position in Spectrum Brands Holdings during the fourth quarter valued at $3,704,000. Finally, California State Teachers Retirement System increased its position in Spectrum Brands Holdings by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 46,858 shares of the company’s stock valued at $4,770,000 after buying an additional 800 shares during the period.

Spectrum Brands Holdings, Inc (SBH) is a diversified consumer products company. The Company operates through five segments: Global Batteries & Appliances, Global Pet Supplies, Home and Garden, Hardware & Home Improvement, and Global Auto Care. The Company’s Global Batteries & Appliances segment includes consumer batteries, small appliances and personal care products.

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