Spectrum Brands Holdings Inc. (NYSE:SPB)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $130.50 and last traded at $130.41, with a volume of 91,499 shares. The stock had previously closed at $129.61.

Several research firms have recently commented on SPB. Jefferies Group upped their price target on shares of Spectrum Brands Holdings from $147.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Monness Crespi & Hardt upped their price target on shares of Spectrum Brands Holdings from $125.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Deutsche Bank AG restated a “buy” rating and set a $140.00 price target (up previously from $125.00) on shares of Spectrum Brands Holdings in a research report on Sunday, July 24th. Zacks Investment Research lowered shares of Spectrum Brands Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 8th. Finally, Bank of America Corp. restated a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, April 28th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $134.40.

The company has a market capitalization of $7.76 billion and a PE ratio of 26.54. The stock’s 50-day moving average price is $120.01 and its 200 day moving average price is $110.42.

Spectrum Brands Holdings (NYSE:SPB) last issued its earnings results on Thursday, July 28th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.69 by $0.04. During the same period last year, the business earned $1.42 earnings per share. The firm earned $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts forecast that Spectrum Brands Holdings Inc. will post $5.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 13th. Investors of record on Tuesday, August 16th will be given a $0.38 dividend. The ex-dividend date is Friday, August 12th. This represents a $1.52 annualized dividend and a yield of 1.16%.

In other news, Chairman David M. Maura bought 4,350 shares of Spectrum Brands Holdings stock in a transaction that occurred on Monday, June 13th. The stock was purchased at an average cost of $114.52 per share, with a total value of $498,162.00. Following the completion of the transaction, the chairman now directly owns 277,633 shares in the company, valued at $31,794,531.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stacey L. Neu sold 800 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $128.04, for a total value of $102,432.00. Following the completion of the transaction, the senior vice president now directly owns 3,850 shares of the company’s stock, valued at $492,954. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently modified their holdings of the stock. Wells Fargo & Company MN boosted its position in shares of Spectrum Brands Holdings by 6.2% in the fourth quarter. Wells Fargo & Company MN now owns 380,097 shares of the company’s stock worth $38,693,000 after buying an additional 22,188 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Spectrum Brands Holdings during the fourth quarter worth about $6,735,000. WBI Investments Inc. boosted its position in shares of Spectrum Brands Holdings by 46.8% in the fourth quarter. WBI Investments Inc. now owns 61,249 shares of the company’s stock worth $6,235,000 after buying an additional 19,540 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Spectrum Brands Holdings by 3.7% in the fourth quarter. Bank of Montreal Can now owns 20,735 shares of the company’s stock worth $2,110,000 after buying an additional 734 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Spectrum Brands Holdings by 2.6% in the fourth quarter. Victory Capital Management Inc. now owns 9,863 shares of the company’s stock worth $1,004,000 after buying an additional 249 shares during the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.