Bank of Montreal Can Decreases Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Bank of Montreal Can lessened its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 23.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 122,071 shares of the company’s stock after selling 36,447 shares during the quarter. Bank of Montreal Can’s holdings in Spectrum Brands were worth $10,314,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC acquired a new stake in shares of Spectrum Brands in the fourth quarter valued at about $50,000. Blue Trust Inc. boosted its holdings in Spectrum Brands by 46.5% in the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock worth $100,000 after buying an additional 375 shares during the last quarter. KBC Group NV increased its stake in Spectrum Brands by 46.3% during the 4th quarter. KBC Group NV now owns 1,233 shares of the company’s stock worth $104,000 after buying an additional 390 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Spectrum Brands during the third quarter valued at approximately $221,000. Finally, Summit Trail Advisors LLC purchased a new position in shares of Spectrum Brands in the fourth quarter valued at approximately $237,000.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SPB shares. Canaccord Genuity Group raised Spectrum Brands from a “hold” rating to a “buy” rating and increased their price objective for the company from $94.00 to $102.00 in a research note on Friday, February 7th. Royal Bank of Canada decreased their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Wells Fargo & Company lowered their price target on shares of Spectrum Brands from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Finally, UBS Group cut their price objective on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $101.57.

Spectrum Brands Price Performance

Shares of SPB stock opened at $61.49 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53. The company has a market capitalization of $1.62 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03. The firm’s 50-day moving average is $72.44 and its two-hundred day moving average is $83.20. Spectrum Brands Holdings, Inc. has a 12 month low of $57.93 and a 12 month high of $96.74.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same quarter last year, the firm posted $0.78 EPS. Analysts predict that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Tuesday, February 18th. Spectrum Brands’s dividend payout ratio is presently 46.19%.

Spectrum Brands Company 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.