7,350 Shares in Energizer Holdings, Inc. (NYSE:ENR) Bought by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC bought a new position in Energizer Holdings, Inc. (NYSE:ENR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,350 shares of the company’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ENR. Wellington Management Group LLP increased its position in shares of Energizer by 22.8% in the 3rd quarter. Wellington Management Group LLP now owns 182,232 shares of the company’s stock worth $5,839,000 after purchasing an additional 33,895 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Energizer by 13.8% in the 3rd quarter. Vanguard Group Inc. now owns 9,298,682 shares of the company’s stock worth $297,930,000 after purchasing an additional 1,126,158 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Energizer by 230.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 55,215 shares of the company’s stock worth $1,749,000 after purchasing an additional 38,520 shares during the last quarter. Capital Insight Partners LLC increased its position in shares of Energizer by 11.3% in the 4th quarter. Capital Insight Partners LLC now owns 9,126 shares of the company’s stock worth $289,000 after purchasing an additional 924 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in shares of Energizer by 1.5% in the 4th quarter. CENTRAL TRUST Co now owns 32,278 shares of the company’s stock worth $1,023,000 after purchasing an additional 483 shares during the last quarter. Institutional investors own 93.74% of the company’s stock.

Energizer Price Performance

Shares of NYSE:ENR traded down $0.05 during trading on Monday, reaching $30.35. The company had a trading volume of 407,261 shares, compared to its average volume of 515,696. Energizer Holdings, Inc. has a twelve month low of $26.92 and a twelve month high of $37.32. The firm has a market capitalization of $2.18 billion, a PE ratio of 25.50 and a beta of 1.05. The firm’s fifty day moving average is $29.35 and its 200 day moving average is $29.55. The company has a debt-to-equity ratio of 16.86, a quick ratio of 1.04 and a current ratio of 2.03.

Energizer (NYSE:ENR) last released its earnings results on Tuesday, May 7th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. Energizer had a net margin of 2.97% and a return on equity of 119.16%. The business had revenue of $663.30 million during the quarter, compared to analyst estimates of $664.10 million. During the same period in the prior year, the business earned $0.64 earnings per share. The business’s quarterly revenue was down 3.0% on a year-over-year basis. On average, equities analysts forecast that Energizer Holdings, Inc. will post 3.21 EPS for the current year.

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 22nd were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.95%. Energizer’s dividend payout ratio is currently 100.84%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ENR. JPMorgan Chase & Co. lowered their price objective on shares of Energizer from $29.00 to $28.00 and set an “underweight” rating for the company in a research report on Monday. Truist Financial reduced their target price on shares of Energizer from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Barclays boosted their target price on shares of Energizer from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday. Morgan Stanley raised shares of Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 target price for the company in a research note on Wednesday, May 8th. Finally, Canaccord Genuity Group reduced their target price on shares of Energizer from $33.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $32.00.

About Energizer

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.