Shepherd Kaplan Krochuk LLC Takes Position in Spectrum Brands Holdings Inc (SPB)

Shepherd Kaplan Krochuk LLC bought a new position in Spectrum Brands Holdings Inc (NYSE:SPB) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,206 shares of the company’s stock, valued at approximately $464,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new position in shares of Spectrum Brands in the third quarter worth about $140,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Spectrum Brands by 90.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,765 shares of the company’s stock worth $207,000 after purchasing an additional 1,314 shares in the last quarter. Cadence Capital Management LLC purchased a new position in shares of Spectrum Brands in the third quarter worth about $218,000. NJ State Employees Deferred Compensation Plan purchased a new position in shares of Spectrum Brands in the third quarter worth about $224,000. Finally, First Mercantile Trust Co. purchased a new position in shares of Spectrum Brands in the third quarter worth about $240,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Several equities analysts have recently weighed in on the stock. TheStreet upgraded shares of Spectrum Brands from a “c” rating to a “b-” rating in a research note on Monday, August 20th. Zacks Investment Research upgraded shares of Spectrum Brands from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Tuesday, September 25th. Bank of America reduced their target price on shares of Spectrum Brands from $91.00 to $84.00 and set a “hold” rating for the company in a research note on Thursday, October 4th. Wells Fargo & Co reduced their target price on shares of Spectrum Brands from $85.00 to $75.00 and set a “market perform” rating for the company in a research note on Wednesday, October 17th. Finally, Royal Bank of Canada reduced their target price on shares of Spectrum Brands to $75.00 and set an “outperform” rating for the company in a research note on Monday, November 26th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Spectrum Brands presently has a consensus rating of “Buy” and an average price target of $96.58.

NYSE:SPB traded down $0.08 during mid-day trading on Friday, hitting $47.24. 45,006 shares of the stock traded hands, compared to its average volume of 915,572. The stock has a market cap of $2.55 billion, a P/E ratio of 13.35, a P/E/G ratio of 1.63 and a beta of 1.57. Spectrum Brands Holdings Inc has a 12-month low of $45.88 and a 12-month high of $119.94. The company has a current ratio of 2.49, a quick ratio of 2.11 and a debt-to-equity ratio of 2.93.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data on Wednesday, November 21st. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.29). The firm had revenue of $787.80 million for the quarter, compared to analysts’ expectations of $803.72 million. Spectrum Brands had a net margin of 23.26% and a negative return on equity of 2.43%. Spectrum Brands’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.35 EPS. On average, equities analysts forecast that Spectrum Brands Holdings Inc will post 3.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Tuesday, November 27th will be paid a dividend of $0.42 per share. The ex-dividend date is Monday, November 26th. This represents a $1.68 annualized dividend and a yield of 3.56%. Spectrum Brands’s dividend payout ratio is currently 47.46%.

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About Spectrum Brands

Spectrum Brands Holdings, Inc, through its subsidiaries, operates as a branded consumer products company that manufactures, markets, and distributes branded consumer products. It supplies consumer batteries, residential locksets, residential builders' hardware, plumbing, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, personal insect repellents, and auto care products, as well as lawn and garden, and home pest control products.

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Institutional Ownership by Quarter for Spectrum Brands (NYSE:SPB)

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