Entropy Technologies LP Makes New Investment in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Entropy Technologies LP purchased a new stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,240 shares of the company’s stock, valued at approximately $865,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Waldron Private Wealth LLC purchased a new stake in shares of Spectrum Brands in the 3rd quarter worth approximately $27,000. Brooklyn Investment Group bought a new position in Spectrum Brands in the third quarter worth approximately $31,000. International Assets Investment Management LLC lifted its holdings in Spectrum Brands by 9,420.0% during the third quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock worth $45,000 after buying an additional 471 shares during the period. Farther Finance Advisors LLC boosted its position in Spectrum Brands by 92.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock valued at $52,000 after acquiring an additional 261 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Spectrum Brands during the 3rd quarter valued at $62,000.

Spectrum Brands Trading Down 2.6 %

Shares of SPB stock opened at $76.10 on Tuesday. Spectrum Brands Holdings, Inc. has a fifty-two week low of $74.72 and a fifty-two week high of $96.74. The firm has a market capitalization of $2.08 billion, a P/E ratio of 18.70, a PEG ratio of 1.36 and a beta of 1.20. The stock’s fifty day moving average is $86.30 and its two-hundred day moving average is $89.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.62 and a current ratio of 2.30.

Spectrum Brands (NYSE:SPB) last posted 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 return on equity of 6.34% and a net margin of 4.01%. During the same period in the previous year, the firm earned $0.78 earnings per share. Research analysts expect that Spectrum Brands Holdings, Inc. will post 5.17 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Tuesday, February 18th. Spectrum Brands’s dividend payout ratio (DPR) is 46.19%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank of Canada reduced their target price on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a report on Friday. UBS Group decreased their target price on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and lifted their price target for the stock from $94.00 to $102.00 in a report on Friday. Finally, Wells Fargo & Company reduced their price target on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $103.43.

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.