5 Best Home Appliances Stocks to Buy

2. Spectrum Brands Holdings, Inc. (NYSE:SPB)

Number of Hedge Fund Holders: 32

Spectrum Brands Holdings, Inc. (NYSE:SPB) is one of the more renowned home appliances brands in the world, as it sells its products through popular brands such as Black & Decker and Remington. The company is headquartered in Middleton, Wisconsin.

Spectrum Brands Holdings, Inc. (NYSE:SPB) is also among the stable companies in the industry as it has a strong brand portfolio that brings consistent operating income. This implies that the firm’s current free cash flow per share of 5.4x and post capital operating income of 7.7x are low, especially as a free cash flow multiple ranging between 10x to 12x is more normative.

Spectrum Brands Holdings, Inc. (NYSE:SPB) pays a 42 cent dividend for a 4% yield. By the end of this year’s second quarter, 32 out of the 895 hedge funds polled by Insider Monkey had invested in the firm.