West Oak Capital LLC Purchases 375 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

West Oak Capital LLC lifted its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,359 shares of the company’s stock after purchasing an additional 375 shares during the period. West Oak Capital LLC owned 0.10% of Spectrum Brands worth $2,312,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SPB. Waldron Private Wealth LLC purchased a new stake in Spectrum Brands during the third quarter worth about $27,000. Brooklyn Investment Group purchased a new stake in shares of Spectrum Brands during the 3rd quarter worth approximately $31,000. International Assets Investment Management LLC raised its holdings in shares of Spectrum Brands by 9,420.0% in the 3rd quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock worth $45,000 after purchasing an additional 471 shares during the period. Farther Finance Advisors LLC lifted its stake 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 purchasing an additional 261 shares during the last quarter. Finally, Quarry LP lifted its stake in Spectrum Brands by 375.0% in the second quarter. Quarry LP now owns 570 shares of the company’s stock valued at $49,000 after purchasing an additional 450 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SPB shares. Wells Fargo & Company lowered their target price on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Canaccord Genuity Group boosted their price objective on Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research note on Monday, November 18th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.13.

Spectrum Brands Stock Performance

NYSE:SPB opened at $83.76 on Tuesday. Spectrum Brands Holdings, Inc. has a 52-week low of $75.50 and a 52-week high of $96.74. The business’s fifty day moving average is $89.12 and its 200 day moving average is $89.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.62 and a current ratio of 2.30. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 1.58 and a beta of 1.20.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings results on Friday, November 15th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.16). The company had revenue of $773.70 million for the quarter, compared to the consensus estimate of $747.80 million. Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 earnings per share. Research analysts predict that Spectrum Brands Holdings, Inc. will post 5.25 EPS for the current year.

Spectrum Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.24%. This is an increase from Spectrum Brands’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Tuesday, November 26th. Spectrum Brands’s dividend payout ratio (DPR) is presently 46.08%.

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.