West Oak Capital LLC Lowers Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

West Oak Capital LLC reduced its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 98.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 425 shares of the company’s stock after selling 26,559 shares during the period. West Oak Capital LLC’s holdings in Spectrum Brands were worth $36,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale raised its holdings in Spectrum Brands by 24.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,225 shares of the company’s stock worth $104,000 after acquiring an additional 240 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Spectrum Brands by 92.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock valued at $52,000 after buying an additional 261 shares during the last quarter. Waldron Private Wealth LLC purchased a new stake in Spectrum Brands during the 3rd quarter valued at $27,000. Brooklyn Investment Group purchased a new stake in Spectrum Brands during the 3rd quarter valued at $31,000. Finally, State of New Jersey Common Pension Fund D raised its stake in Spectrum Brands by 1.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 21,477 shares of the company’s stock valued at $2,043,000 after buying an additional 345 shares during the last quarter.

Analyst Ratings Changes

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

Spectrum Brands Trading Down 1.4 %

Shares of SPB stock opened at $83.56 on Friday. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.58 and a beta of 1.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62. The firm has a fifty day moving average price of $89.28 and a 200-day moving average price of $89.06. Spectrum Brands Holdings, Inc. has a 1 year low of $75.50 and a 1 year high of $96.74.

Spectrum Brands (NYSE:SPB) last issued its 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 firm had revenue of $773.70 million during the quarter, compared to the consensus estimate of $747.80 million. Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 EPS. As a group, equities analysts predict that Spectrum Brands Holdings, Inc. will post 5.25 earnings per share for the current year.

Spectrum Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.88 annualized dividend and a yield of 2.25%. This is an increase from Spectrum Brands’s previous quarterly dividend of $0.42. Spectrum Brands’s dividend payout ratio is currently 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.