State of Wisconsin Investment Board Decreases Position in Energizer Holdings, Inc. (ENR)
State of Wisconsin Investment Board cut its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 0.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,195 shares of the company’s stock after selling 40 shares during the period. State of Wisconsin Investment Board’s holdings in Energizer Holdings were worth $586,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Acrospire Investment Management LLC acquired a new position in shares of Energizer Holdings in the first quarter valued at about $114,000. IFP Advisors Inc grew its stake in shares of Energizer Holdings by 7.1% in the second quarter. IFP Advisors Inc now owns 2,607 shares of the company’s stock valued at $125,000 after acquiring an additional 172 shares in the last quarter. Creative Planning lifted its position in Energizer Holdings by 30.9% during the second quarter. Creative Planning now owns 2,617 shares of the company’s stock worth $126,000 after purchasing an additional 618 shares during the period. Financial Counselors Inc. bought a new stake in Energizer Holdings during the first quarter worth about $201,000. Finally, World Asset Management Inc bought a new stake in Energizer Holdings during the first quarter worth about $221,000. Institutional investors and hedge funds own 94.12% of the company’s stock.
Several research firms recently weighed in on ENR. Jefferies Group LLC reaffirmed a “hold” rating and set a $54.00 price objective (down previously from $62.00) on shares of Energizer Holdings in a research report on Thursday, July 6th. Zacks Investment Research cut shares of Energizer Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 price objective on shares of Energizer Holdings in a research report on Thursday, June 8th. UBS AG reaffirmed a “neutral” rating and set a $47.00 price objective (down previously from $49.00) on shares of Energizer Holdings in a research report on Wednesday, August 9th. Finally, BidaskClub cut shares of Energizer Holdings from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $53.88.
In other Energizer Holdings news, CFO Timothy W. Gorman acquired 6,300 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average price of $42.26 per share, with a total value of $266,238.00. Following the completion of the acquisition, the chief financial officer now owns 20,974 shares of the company’s stock, valued at $886,361.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert V. Vitale acquired 7,300 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were acquired at an average cost of $41.61 per share, with a total value of $303,753.00. Following the acquisition, the director now directly owns 2,300 shares of the company’s stock, valued at approximately $95,703. The disclosure for this purchase can be found here. Insiders have acquired a total of 31,212 shares of company stock valued at $1,297,839 in the last ninety days. Insiders own 1.73% of the company’s stock.
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Shares of Energizer Holdings, Inc. (NYSE:ENR) opened at 45.89 on Tuesday. Energizer Holdings, Inc. has a 52-week low of $40.98 and a 52-week high of $60.07. The company’s 50-day moving average is $43.80 and its 200 day moving average is $51.21. The company has a market cap of $2.84 billion, a PE ratio of 15.24 and a beta of 0.58.
Energizer Holdings (NYSE:ENR) last posted its earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.06. The business had revenue of $372 million during the quarter, compared to analyst estimates of $390.88 million. Energizer Holdings had a return on equity of 529.84% and a net margin of 10.97%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 EPS. On average, analysts anticipate that Energizer Holdings, Inc. will post $2.90 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 21st will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Thursday, August 17th. Energizer Holdings’s payout ratio is presently 36.54%.
About Energizer Holdings
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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