Wellington Management Group LLP Sells 1,454 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Wellington Management Group LLP reduced its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 511,571 shares of the company’s stock after selling 1,454 shares during the quarter. Wellington Management Group LLP owned about 1.87% of Spectrum Brands worth $43,223,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPB. Steward Partners Investment Advisory LLC bought a new position in Spectrum Brands during the fourth quarter valued at $50,000. Quantbot Technologies LP bought a new position in shares of Spectrum Brands in the 3rd quarter valued at about $62,000. Quarry LP grew its position in Spectrum Brands by 70.9% in the third quarter. Quarry LP now owns 974 shares of the company’s stock worth $93,000 after acquiring an additional 404 shares in the last quarter. Blue Trust Inc. raised its position in Spectrum Brands by 46.5% during the fourth quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock valued at $100,000 after purchasing an additional 375 shares during the period. Finally, KBC Group NV raised its position in Spectrum Brands by 46.3% during the fourth quarter. KBC Group NV now owns 1,233 shares of the company’s stock valued at $104,000 after purchasing an additional 390 shares during the period.

Spectrum Brands Price Performance

Shares of SPB stock opened at $62.35 on Friday. The company’s 50-day simple moving average is $75.72 and its two-hundred day simple moving average is $84.74. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53. Spectrum Brands Holdings, Inc. has a one year low of $61.95 and a one year high of $96.74. The company has a market capitalization of $1.64 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.70 and a beta of 1.20.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same quarter in the prior year, the company posted $0.78 EPS. As a group, equities analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands’s dividend payout ratio (DPR) is presently 46.19%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SPB. Royal Bank of Canada cut their target price on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company reduced their target price on shares of Spectrum Brands from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and lifted their price target for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Finally, UBS Group reduced their price objective on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $101.57.

Spectrum Brands 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.