State of New Jersey Common Pension Fund D Has $1.97 Million Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

State of New Jersey Common Pension Fund D raised its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,257 shares of the company’s stock after buying an additional 1,780 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.09% of Spectrum Brands worth $1,965,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Pzena Investment Management LLC increased its stake in Spectrum Brands by 10.4% in the 3rd quarter. Pzena Investment Management LLC now owns 1,310,861 shares of the company’s stock valued at $124,715,000 after buying an additional 123,733 shares during the period. State Street Corp grew its position in Spectrum Brands by 1.3% in the third quarter. State Street Corp now owns 590,222 shares of the company’s stock worth $56,154,000 after acquiring an additional 7,783 shares in the last quarter. Wellington Management Group LLP grew its position in Spectrum Brands by 7.6% in the third quarter. Wellington Management Group LLP now owns 513,025 shares of the company’s stock worth $48,809,000 after acquiring an additional 36,063 shares in the last quarter. Systematic Financial Management LP grew its position in Spectrum Brands by 7.5% in the third quarter. Systematic Financial Management LP now owns 346,005 shares of the company’s stock worth $32,919,000 after acquiring an additional 24,083 shares in the last quarter. Finally, Harvey Partners LLC bought a new stake in Spectrum Brands in the third quarter worth approximately $19,837,000.

Spectrum Brands Trading Up 0.2 %

Shares of Spectrum Brands stock opened at $79.30 on Monday. The stock has a market cap of $2.09 billion, a PE ratio of 19.48, a PEG ratio of 1.70 and a beta of 1.20. The firm has a 50-day moving average of $83.23 and a 200-day moving average of $88.68. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. Spectrum Brands Holdings, Inc. has a 52-week low of $74.72 and a 52-week high of $96.74.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping 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 in the prior year, the business posted $0.78 earnings per share. As a group, sell-side analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Tuesday, February 18th. Spectrum Brands’s payout ratio is 46.19%.

Analyst Upgrades and Downgrades

SPB has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. UBS Group decreased 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. Royal Bank of Canada decreased their price objective on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Finally, Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and upped their price objective for the stock from $94.00 to $102.00 in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.43.

About Spectrum Brands

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.