KBC Group NV trimmed its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 96.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,618 shares of the company’s stock after selling 38,970 shares during the quarter. KBC Group NV’s holdings in Spectrum Brands Holdings were worth $202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in SPB. Sumitomo Mitsui Asset Management Company LTD acquired a new stake in shares of Spectrum Brands Holdings during the 1st quarter valued at about $315,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Spectrum Brands Holdings by 1.0% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,057 shares of the company’s stock valued at $564,000 after buying an additional 40 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Spectrum Brands Holdings by 4.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 8,035 shares of the company’s stock valued at $1,115,000 after buying an additional 326 shares during the last quarter. APG Asset Management N.V. acquired a new stake in shares of Spectrum Brands Holdings during the 1st quarter valued at about $7,187,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Spectrum Brands Holdings by 11.0% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 84,058 shares of the company’s stock valued at $11,685,000 after buying an additional 8,342 shares during the last quarter. Institutional investors and hedge funds own 47.01% of the company’s stock.

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) opened at 103.06 on Monday. Spectrum Brands Holdings, Inc. has a 12-month low of $102.27 and a 12-month high of $146.09. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 21.10 and a beta of 0.68. The company has a 50-day moving average price of $111.23 and a 200 day moving average price of $128.35.

Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings results on Thursday, July 27th. The company reported $1.71 EPS for the quarter, missing the consensus estimate of $1.92 by $0.21. Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company posted $1.73 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities research analysts expect that Spectrum Brands Holdings, Inc. will post $5.60 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, August 15th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.68 annualized dividend and a yield of 1.63%. Spectrum Brands Holdings’s dividend payout ratio (DPR) is presently 34.29%.

SPB has been the subject of several research reports. Jefferies Group LLC reiterated a “buy” rating and set a $150.00 price target (down from $165.00) on shares of Spectrum Brands Holdings in a report on Thursday, July 6th. Royal Bank Of Canada reiterated a “buy” rating and set a $160.00 price target on shares of Spectrum Brands Holdings in a report on Thursday, May 25th. Deutsche Bank AG reiterated a “buy” rating and set a $131.00 price target (down from $149.00) on shares of Spectrum Brands Holdings in a report on Monday, July 31st. Wells Fargo & Company reiterated a “buy” rating on shares of Spectrum Brands Holdings in a report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $167.00 price target on shares of Spectrum Brands Holdings in a report on Wednesday, August 30th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $146.38.

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About Spectrum Brands Holdings

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.

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

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