FTB Advisors Inc. lifted its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 16,710.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,453 shares of the company’s stock after purchasing an additional 33,254 shares during the quarter. FTB Advisors Inc. owned about 0.06% of Spectrum Brands Holdings worth $4,080,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Spectrum Brands Holdings by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,020,401 shares of the company’s stock worth $280,856,000 after purchasing an additional 32,915 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Spectrum Brands Holdings by 1.3% during the second quarter. JPMorgan Chase & Co. now owns 1,634,684 shares of the company’s stock worth $204,401,000 after purchasing an additional 20,242 shares during the last quarter. BlackRock Inc. raised its stake in shares of Spectrum Brands Holdings by 5,054.7% during the first quarter. BlackRock Inc. now owns 1,208,769 shares of the company’s stock worth $168,030,000 after purchasing an additional 1,185,319 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Spectrum Brands Holdings by 18.2% during the second quarter. Bessemer Group Inc. now owns 1,048,499 shares of the company’s stock worth $131,105,000 after purchasing an additional 161,567 shares during the last quarter. Finally, Brahman Capital Corp. raised its stake in shares of Spectrum Brands Holdings by 0.3% during the first quarter. Brahman Capital Corp. now owns 1,030,503 shares of the company’s stock worth $143,250,000 after purchasing an additional 3,035 shares during the last quarter. Institutional investors and hedge funds own 47.05% of the company’s stock.

Shares of Spectrum Brands Holdings, Inc. (SPB) traded up 0.30% on Thursday, reaching $104.91. The company had a trading volume of 40,955 shares. Spectrum Brands Holdings, Inc. has a 12 month low of $102.27 and a 12 month high of $146.09. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 21.48 and a beta of 0.65. The stock has a 50 day moving average price of $106.14 and a 200-day moving average price of $124.05.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 15th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Friday, August 11th. Spectrum Brands Holdings’s payout ratio is currently 34.29%.

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SPB has been the subject of several analyst reports. BidaskClub cut Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Jefferies Group LLC restated a “buy” rating and set a $150.00 price target (down previously from $165.00) on shares of Spectrum Brands Holdings in a research note on Thursday, July 6th. Zacks Investment Research cut Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Wells Fargo & Company restated a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, July 27th. Finally, BMO Capital Markets cut their price target on Spectrum Brands Holdings from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $144.33.

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.

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

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