The Manufacturers Life Insurance Company Purchases New Shares in Spectrum Brands Holdings Inc. $SPB

Posted by Geri Gentry on Sep 6th, 2026

The Manufacturers Life Insurance Company purchased a new position in shares of Spectrum Brands Holdings Inc. (NYSE:SPB – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 9,127 shares of the company’s stock, valued at approximately $783,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPB. ProShare Advisors LLC grew its stake in shares of Spectrum Brands by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 4,721 shares of the company’s stock valued at $279,000 after acquiring an additional 140 shares in the last quarter. Federated Hermes Inc. boosted its stake in Spectrum Brands by 1.3% during the 4th quarter. Federated Hermes Inc. now owns 12,048 shares of the company’s stock valued at $712,000 after acquiring an additional 157 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Spectrum Brands by 96.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 630 shares of the company’s stock worth $37,000 after purchasing an additional 310 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Spectrum Brands in the 2nd quarter worth approximately $27,000. Finally, Farther Finance Advisors LLC boosted its holdings in Spectrum Brands by 111.7% in the fourth quarter. Farther Finance Advisors LLC now owns 635 shares of the company’s stock worth $38,000 after purchasing an additional 335 shares during the period.

Spectrum Brands Trading Up 0.3%

Spectrum Brands stock opened at $88.70 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.41 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $87.60 and a two-hundred day moving average price of $81.99. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 2.79 and a beta of 0.65. Spectrum Brands Holdings Inc. has a 52-week low of $49.99 and a 52-week high of $99.06.

Spectrum Brands (NYSE:SPB – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $2.79 EPS for the quarter, beating the consensus estimate of $1.46 by $1.33. The company had revenue of $753.30 million for the quarter, compared to analyst estimates of $732.19 million. Spectrum Brands had a net margin of 2.76% and a return on equity of 10.06%. Spectrum Brands’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.24 earnings per share. Sell-side analysts expect that Spectrum Brands Holdings Inc. will post 6.38 earnings per share for the current year.

Spectrum Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, August 25th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, August 25th. Spectrum Brands’s dividend payout ratio (DPR) is currently 57.32%.

Analyst Ratings Changes

SPB has been the topic of a number of research reports. Monness Crespi & Hardt increased their target price on shares of Spectrum Brands from $86.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Wall Street Zen upgraded shares of Spectrum Brands from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada cut shares of Spectrum Brands from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $85.00 to $92.00 in a report on Monday, August 10th. Canaccord Genuity Group increased their price target on Spectrum Brands from $99.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Wells Fargo & Company raised their price target on Spectrum Brands from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $98.83.

Get Our Latest Research Report on Spectrum Brands

Spectrum Brands Profile

(Free Report)

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.