Bank of New York Mellon Corp grew its position in Energizer Holdings Inc (NYSE:ENR) by 14.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 947,895 shares of the company’s stock after acquiring an additional 123,007 shares during the quarter. Bank of New York Mellon Corp owned about 1.59% of Energizer worth $45,479,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Zions Bancorporation acquired a new stake in shares of Energizer in the third quarter valued at approximately $120,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Energizer by 51.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,643 shares of the company’s stock valued at $175,000 after acquiring an additional 1,231 shares during the period. Advisor Group Inc. boosted its holdings in shares of Energizer by 57.7% in the third quarter. Advisor Group Inc. now owns 5,998 shares of the company’s stock valued at $277,000 after acquiring an additional 2,194 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Energizer in the third quarter valued at approximately $283,000. Finally, Icon Advisers Inc. Co. acquired a new stake in shares of Energizer in the third quarter valued at approximately $290,000. 97.24% of the stock is owned by institutional investors and hedge funds.
In other Energizer news, VP Emily K. Boss sold 7,500 shares of the stock in a transaction on Tuesday, February 6th. The stock was 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 owns 9,708 shares in the company, valued at $543,648. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.79% of the company’s stock.
Several equities research analysts have recently weighed in on ENR shares. Deutsche Bank raised Energizer from a “hold” rating to a “buy” rating and decreased their price objective for the company from $50.00 to $49.00 in a report on Thursday, January 4th. Morgan Stanley increased their price target on Energizer from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Zacks Investment Research raised Energizer from a “hold” rating to a “strong-buy” rating and set a $64.00 price target for the company in a report on Monday, February 5th. SunTrust Banks increased their price target on Energizer to $70.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, KeyCorp reaffirmed a “buy” rating and set a $64.00 price target (up from $55.00) on shares of Energizer in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $60.89.
NYSE:ENR traded down $3.15 during trading hours on Monday, hitting $56.43. The company’s stock had a trading volume of 1,275,165 shares, compared to its average volume of 932,883. The stock has a market capitalization of $3,556.08, a price-to-earnings ratio of 18.94, a PEG ratio of 1.48 and a beta of 0.81. 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 Holdings Inc has a 52-week low of $40.64 and a 52-week high of $64.00.
Energizer (NYSE:ENR) last released its quarterly earnings data on Wednesday, January 31st. The company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.12. The firm had revenue of $573.30 million during the quarter, compared to analysts’ expectations of $566.50 million. Energizer had a return on equity of 274.69% and a net margin of 9.40%. Energizer’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.51 earnings per share. analysts predict that Energizer Holdings Inc will post 3.39 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Friday, February 16th. Energizer’s payout ratio is 38.93%.
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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