100,600 Shares in Spectrum Brands Holdings Inc. $SPB Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. purchased a new stake in shares of Spectrum Brands Holdings Inc. (NYSE:SPB) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 100,600 shares of the company’s stock, valued at approximately $7,414,000.

Other large investors also recently bought and sold shares of the company. Calamos Wealth Management LLC purchased a new position in shares of Spectrum Brands during the 1st quarter valued at approximately $302,000. Calamos Advisors LLC acquired a new position in shares of Spectrum Brands in the 1st quarter valued at $302,000. Fifth Third Bancorp purchased a new stake in Spectrum Brands during the first quarter worth $875,000. Sequoia Financial Advisors LLC boosted its holdings in Spectrum Brands by 76.6% during the first quarter. Sequoia Financial Advisors LLC now owns 7,155 shares of the company’s stock worth $527,000 after buying an additional 3,103 shares in the last quarter. Finally, Manning & Napier Advisors LLC grew its position in Spectrum Brands by 6.7% during the first quarter. Manning & Napier Advisors LLC now owns 320,000 shares of the company’s stock valued at $23,584,000 after buying an additional 20,000 shares during the period.

Spectrum Brands Trading Up 1.7%

Shares of Spectrum Brands stock opened at $84.75 on Tuesday. The stock has a market cap of $1.95 billion, a P/E ratio of 16.17, a P/E/G ratio of 2.62 and a beta of 0.64. The stock’s 50 day simple moving average is $81.56 and its 200-day simple moving average is $75.68. Spectrum Brands Holdings Inc. has a 1-year low of $49.99 and a 1-year high of $88.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.29 and a quick ratio of 1.42.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings results on Thursday, May 7th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.21. Spectrum Brands had a return on equity of 8.23% and a net margin of 4.47%.The business had revenue of $708.90 million during the quarter, compared to analyst estimates of $676.45 million. During the same period in the prior year, the business earned $0.68 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. Analysts predict that Spectrum Brands Holdings Inc. will post 5.32 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, May 26th. Spectrum Brands’s dividend payout ratio is presently 35.88%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of Spectrum Brands from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $81.00 target price on shares of Spectrum Brands in a research note on Friday, May 8th. Canaccord Genuity Group dropped their target price on Spectrum Brands from $100.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Wells Fargo & Company lifted their price target on Spectrum Brands from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings raised Spectrum Brands from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Spectrum Brands has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Insider Transactions at Spectrum Brands

In related news, CEO David M. Maura bought 2,500 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was acquired at an average cost of $72.85 per share, with a total value of $182,125.00. Following the purchase, the chief executive officer directly owned 790,708 shares of the company’s stock, valued at $57,603,077.80. The trade was a 0.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.50% of the stock is currently owned by insiders.

Spectrum Brands Profile

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.