Barings LLC cut its position in Energizer Holdings Inc (NYSE:ENR) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,500 shares of the company’s stock after selling 2,100 shares during the period. Barings LLC’s holdings in Energizer were worth $840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of Energizer by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 824,888 shares of the company’s stock worth $37,986,000 after purchasing an additional 18,881 shares in the last quarter. State Street Corp increased its stake in shares of Energizer by 1.9% in the second quarter. State Street Corp now owns 1,787,608 shares of the company’s stock worth $85,841,000 after purchasing an additional 33,625 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Energizer by 425.5% in the third quarter. American Century Companies Inc. now owns 641,214 shares of the company’s stock worth $29,528,000 after purchasing an additional 519,184 shares in the last quarter. Sei Investments Co. increased its stake in shares of Energizer by 6.1% in the third quarter. Sei Investments Co. now owns 79,806 shares of the company’s stock worth $3,675,000 after purchasing an additional 4,614 shares in the last quarter. Finally, Dean Investment Associates LLC increased its stake in shares of Energizer by 15.3% in the third quarter. Dean Investment Associates LLC now owns 69,630 shares of the company’s stock worth $3,206,000 after purchasing an additional 9,260 shares in the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.
In other Energizer news, VP Emily K. Boss sold 7,500 shares of Energizer stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $56.00, for a total value of $420,000.00. Following the completion of the transaction, the vice president now directly owns 9,708 shares of the company’s stock, valued at approximately $543,648. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.79% of the company’s stock.
A number of brokerages have recently issued reports on ENR. Zacks Investment Research raised shares of Energizer from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective for the company in a research note on Monday, February 5th. Royal Bank of Canada reaffirmed a “buy” rating and set a $65.00 target price on shares of Energizer in a research note on Thursday, February 1st. Morgan Stanley raised their target price on shares of Energizer from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. SunTrust Banks raised their target price on shares of Energizer to $70.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Citigroup cut shares of Energizer from a “buy” rating to a “neutral” rating and raised their target price for the company from $52.00 to $64.00 in a research note on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $59.22.
Energizer Holdings Inc (NYSE:ENR) opened at $53.38 on Thursday. The firm has a market cap of $3,190.00 and a price-to-earnings ratio of 19.84. Energizer Holdings Inc has a 52 week low of $40.64 and a 52 week high of $62.86. The company has a debt-to-equity ratio of 29.02, a quick ratio of 1.39 and a current ratio of 1.90.
Energizer (NYSE:ENR) last posted its earnings results on Wednesday, January 31st. The company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.12. The company had revenue of $573.30 million during the quarter, compared to analysts’ expectations of $566.50 million. Energizer had a net margin of 9.40% and a return on equity of 274.69%. Energizer’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the company posted $1.51 earnings per share. equities analysts predict that Energizer Holdings Inc will post 3.39 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.17%. Energizer’s payout ratio is currently 43.12%.
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Energizer Company Profile
Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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