Spectrum Brands Holdings, Inc. (NYSE:SPB) Holdings Reduced by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. decreased its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,600 shares of the company’s stock after selling 1,200 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Spectrum Brands were worth $846,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC increased its stake in shares of Spectrum Brands by 72.6% during the fourth quarter. Larson Financial Group LLC now owns 359 shares of the company’s stock valued at $29,000 after acquiring an additional 151 shares during the period. International Assets Investment Management LLC increased its stake in shares of Spectrum Brands by 1,713.6% during the fourth quarter. International Assets Investment Management LLC now owns 399 shares of the company’s stock valued at $32,000 after acquiring an additional 377 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Spectrum Brands by 53.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the company’s stock valued at $36,000 after acquiring an additional 160 shares during the period. Fifth Third Bancorp acquired a new position in shares of Spectrum Brands during the fourth quarter valued at approximately $71,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Spectrum Brands in the fourth quarter worth approximately $79,000.

Spectrum Brands Trading Up 2.8 %

Shares of NYSE:SPB opened at $82.59 on Friday. The firm has a fifty day moving average of $82.86 and a two-hundred day moving average of $79.04. The firm has a market capitalization of $2.50 billion, a P/E ratio of 1.79, a price-to-earnings-growth ratio of 0.56 and a beta of 1.20. Spectrum Brands Holdings, Inc. has a 12-month low of $64.04 and a 12-month high of $89.64. The company has a quick ratio of 2.75, a current ratio of 3.36 and a debt-to-equity ratio of 0.60.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Thursday, February 8th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.47. The company had revenue of $692.20 million during the quarter, compared to analyst estimates of $674.20 million. Spectrum Brands had a net margin of 63.89% and a return on equity of 4.66%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.32) EPS. On average, equities analysts expect that Spectrum Brands Holdings, Inc. will post 3.79 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Friday, February 16th. Spectrum Brands’s dividend payout ratio (DPR) is currently 3.65%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SPB. Canaccord Genuity Group lowered shares of Spectrum Brands from a “buy” rating to a “hold” rating and lifted their price target for the stock from $83.00 to $86.00 in a research report on Friday, February 9th. Royal Bank of Canada lifted their price target on shares of Spectrum Brands from $89.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Wells Fargo & Company lifted their price target on shares of Spectrum Brands from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. Monness Crespi & Hardt lifted their price target on shares of Spectrum Brands from $87.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, StockNews.com upgraded shares of Spectrum Brands from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Spectrum Brands has an average rating of “Hold” and a consensus target price of $89.17.

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.