Foresters Investment Management Company Inc. boosted its stake in Energizer Holdings Inc (NYSE:ENR) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 230,800 shares of the company’s stock after purchasing an additional 15,300 shares during the quarter. Foresters Investment Management Company Inc. owned approximately 0.33% of Energizer worth $8,918,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Energizer by 1.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 327,798 shares of the company’s stock valued at $12,667,000 after buying an additional 4,090 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Energizer by 7.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 448,453 shares of the company’s stock worth $17,324,000 after buying an additional 29,442 shares during the last quarter. Teza Capital Management LLC bought a new stake in shares of Energizer in the 2nd quarter worth approximately $611,000. Landscape Capital Management L.L.C. bought a new stake in shares of Energizer in the 2nd quarter worth approximately $1,712,000. Finally, SRS Capital Advisors Inc. bought a new stake in shares of Energizer in the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 99.07% of the company’s stock.
A number of equities research analysts have recently weighed in on ENR shares. UBS Group upgraded Energizer from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $50.00 to $46.00 in a research report on Thursday, August 22nd. TheStreet lowered Energizer from a “b-” rating to a “c” rating in a research report on Friday, June 7th. Deutsche Bank upgraded Energizer from a “hold” rating to a “buy” rating and lifted their price target for the company from $38.00 to $52.00 in a research report on Wednesday, June 26th. Bank of America raised Energizer from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $48.00 in a report on Monday. Finally, JPMorgan Chase & Co. cut Energizer from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $45.00 to $36.00 in a research note on Wednesday, June 19th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $54.00.
In related news, CEO Alan R. Hoskins bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $35.00 per share, for a total transaction of $350,000.00. Following the purchase, the chief executive officer now directly owns 260,337 shares in the company, valued at $9,111,795. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, VP Emily K. Boss bought 2,750 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $36.31 per share, with a total value of $99,852.50. Following the completion of the purchase, the vice president now owns 26,742 shares in the company, valued at $971,002.02. The disclosure for this purchase can be found here. Insiders have acquired a total of 39,153 shares of company stock valued at $1,389,776 in the last quarter. Company insiders own 2.25% of the company’s stock.
Energizer stock traded down $0.12 during midday trading on Friday, reaching $44.86. 153,494 shares of the stock traded hands, compared to its average volume of 844,583. Energizer Holdings Inc has a 12 month low of $32.54 and a 12 month high of $64.00. The company has a quick ratio of 1.40, a current ratio of 1.88 and a debt-to-equity ratio of 6.12. The stock’s fifty day moving average is $38.48 and its 200-day moving average is $42.80. The stock has a market cap of $3.11 billion, a P/E ratio of 13.31, a PEG ratio of 6.92 and a beta of 0.58.
Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). The company had revenue of $647.20 million for the quarter, compared to analysts’ expectations of $673.50 million. Energizer had a net margin of 0.29% and a return on equity of 60.51%. The company’s revenue for the quarter was up 64.8% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share. On average, equities analysts predict that Energizer Holdings Inc will post 2.93 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.67%. Energizer’s payout ratio is currently 35.61%.
Energizer Company Profile
Energizer Holdings, Inc manufacturers and markets batteries and lighting products. The company’s products include household batteries, specialty batteries, and portable lighting. Energizer Holdings was founded in 2000 and is headquartered in St. Louis, MO.
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