Hsbc Holdings PLC Has $5.21 Million Stake in Spectrum Brands Holdings Inc. $SPB

Hsbc Holdings PLC boosted its position in shares of Spectrum Brands Holdings Inc. (NYSE:SPB) by 41.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,157 shares of the company’s stock after acquiring an additional 17,900 shares during the quarter. Hsbc Holdings PLC owned 0.27% of Spectrum Brands worth $5,208,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SPB. Global Retirement Partners LLC bought a new position in shares of Spectrum Brands in the 2nd quarter valued at about $27,000. Allworth Financial LP acquired a new stake in Spectrum Brands in the 2nd quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. lifted its stake in Spectrum Brands by 7,237.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 587 shares of the company’s stock valued at $31,000 after purchasing an additional 579 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Spectrum Brands by 96.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 630 shares of the company’s stock worth $37,000 after purchasing an additional 310 shares during the period. Finally, Headlands Technologies LLC bought a new position in Spectrum Brands during the second quarter worth about $41,000.

Analyst Ratings Changes

A number of research firms have recently issued reports on SPB. Weiss Ratings cut Spectrum Brands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Wall Street Zen raised Spectrum Brands from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Oppenheimer increased their price target on Spectrum Brands from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Royal Bank Of Canada cut shares of Spectrum Brands from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $85.00 to $92.00 in a research report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $96.00 price objective on shares of Spectrum Brands in a report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Spectrum Brands has a consensus rating of “Hold” and a consensus target price of $98.83.

Spectrum Brands Price Performance

Spectrum Brands stock opened at $85.87 on Thursday. Spectrum Brands Holdings Inc. has a 12 month low of $49.99 and a 12 month high of $99.06. The stock’s 50 day moving average is $87.69 and its 200-day moving average is $82.23. The company has a current ratio of 2.41, a quick ratio of 1.61 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 2.76 and a beta of 0.65.

Spectrum Brands (NYSE:SPB) last announced its earnings results on Friday, August 7th. The company reported $2.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $1.33. The company had revenue of $753.30 million for the quarter, compared to analyst estimates of $732.19 million. Spectrum Brands had a return on equity of 10.06% and a net margin of 2.76%.The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 earnings per share. Equities research analysts expect that Spectrum Brands Holdings Inc. will post 6.38 EPS for the current year.

Spectrum Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, August 25th will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, August 25th. This represents a $1.88 annualized dividend and a yield of 2.2%. Spectrum Brands’s dividend payout ratio (DPR) is presently 57.32%.

About Spectrum Brands

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.