West Oak Capital LLC Sells 26,559 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

West Oak Capital LLC lessened its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 98.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 425 shares of the company’s stock after selling 26,559 shares during the period. West Oak Capital LLC’s holdings in Spectrum Brands were worth $36,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SPB. Los Angeles Capital Management LLC bought a new position in shares of Spectrum Brands during the 2nd quarter valued at about $630,000. Acadian Asset Management LLC purchased a new stake in shares of Spectrum Brands during the 2nd quarter valued at about $3,119,000. Choreo LLC purchased a new stake in shares of Spectrum Brands during the 2nd quarter valued at about $252,000. Headlands Technologies LLC purchased a new stake in shares of Spectrum Brands during the 2nd quarter valued at about $50,000. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Spectrum Brands by 24.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,225 shares of the company’s stock valued at $104,000 after buying an additional 240 shares in the last quarter.

Spectrum Brands Stock Performance

Spectrum Brands stock opened at $83.56 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62. The firm has a market capitalization of $2.34 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20. The company’s 50-day moving average is $89.28 and its 200 day moving average is $89.06. Spectrum Brands Holdings, Inc. has a 1-year low of $75.50 and a 1-year high of $96.74.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.16). The company had revenue of $773.70 million during the quarter, compared to the consensus estimate of $747.80 million. Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. Spectrum Brands’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 earnings per share. Research analysts forecast that Spectrum Brands Holdings, Inc. will post 5.25 EPS for the current year.

Spectrum Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th were paid a $0.47 dividend. This is an increase from Spectrum Brands’s previous quarterly dividend of $0.42. This represents a $1.88 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Tuesday, November 26th. Spectrum Brands’s dividend payout ratio is currently 46.08%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Canaccord Genuity Group upped their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research report on Monday, November 18th. Wells Fargo & Company reduced their price objective on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Spectrum Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.13.

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.