Monimus Capital Management LP Purchases New Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Monimus Capital Management LP purchased a new position in Spectrum Brands Holdings, Inc. (NYSE:SPB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 37,557 shares of the company’s stock, valued at approximately $3,173,000. Spectrum Brands makes up about 3.0% of Monimus Capital Management LP’s holdings, making the stock its 13th largest position.

Other institutional investors also recently bought and sold shares of the company. Pzena Investment Management LLC boosted its holdings in shares of Spectrum Brands by 1.7% in the 4th quarter. Pzena Investment Management LLC now owns 1,333,345 shares of the company’s stock valued at $112,654,000 after buying an additional 22,484 shares in the last quarter. State Street Corp boosted its stake in shares of Spectrum Brands by 1.3% during the 3rd quarter. State Street Corp now owns 590,222 shares of the company’s stock worth $56,154,000 after purchasing an additional 7,783 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Spectrum Brands by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company’s stock valued at $38,089,000 after buying an additional 7,198 shares in the last quarter. Finally, Systematic Financial Management LP lifted its position in Spectrum Brands by 7.5% during the third quarter. Systematic Financial Management LP now owns 346,005 shares of the company’s stock valued at $32,919,000 after buying an additional 24,083 shares in the last quarter.

Spectrum Brands Price Performance

SPB stock opened at $71.55 on Friday. Spectrum Brands Holdings, Inc. has a 1 year low of $69.85 and a 1 year high of $96.74. The stock has a market capitalization of $1.88 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20. 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’s 50-day moving average is $80.16 and its 200-day moving average is $87.11.

Spectrum Brands (NYSE:SPB) last released 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 period in the prior year, the firm posted $0.78 earnings per share. Equities research analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 2.63%. Spectrum Brands’s dividend payout ratio is presently 46.19%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Royal Bank of Canada dropped their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Wells Fargo & Company cut their price objective on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Canaccord Genuity Group upgraded shares of Spectrum Brands from a “hold” rating to a “buy” rating and raised their price target for the company from $94.00 to $102.00 in a report on Friday, February 7th. Finally, UBS Group decreased their price target 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $103.43.

Spectrum Brands 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.