Bank of New York Mellon Corp lessened its holdings in shares of Energizer Holdings Inc (NYSE:ENR) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 979,501 shares of the company’s stock after selling 40,763 shares during the period. Bank of New York Mellon Corp owned approximately 1.64% of Energizer worth $61,669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asia Hong Kong Ltd purchased a new position in Energizer in the 1st quarter worth $118,000. Advisory Services Network LLC raised its stake in Energizer by 443.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,974 shares of the company’s stock worth $128,000 after acquiring an additional 1,611 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new position in Energizer in the 1st quarter worth $169,000. Cerebellum GP LLC purchased a new position in Energizer in the 2nd quarter worth $179,000. Finally, Choate Investment Advisors purchased a new position in Energizer in the 1st quarter worth $203,000. Hedge funds and other institutional investors own 96.34% of the company’s stock.

A number of brokerages recently issued reports on ENR. Deutsche Bank raised their target price on Energizer from $64.00 to $68.00 and gave the stock a “hold” rating in a research note on Thursday, August 16th. Morgan Stanley raised their target price on Energizer from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded Energizer from a “sell” rating to a “hold” rating in a research note on Monday, July 23rd. Jefferies Financial Group upgraded Energizer to a “buy” rating and set a $80.00 target price for the company in a research note on Thursday, July 19th. Finally, UBS Group began coverage on Energizer in a research note on Thursday, July 19th. They issued a “neutral” rating and a $68.00 target price for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $68.20.

In other Energizer news, VP Mark Stephen Lavigne sold 12,484 shares of Energizer stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $65.08, for a total transaction of $812,458.72. Following the completion of the transaction, the vice president now owns 22,394 shares in the company, valued at approximately $1,457,401.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Emily K. Boss sold 7,500 shares of Energizer stock in a transaction dated Wednesday, June 27th. The shares were sold at an average price of $63.00, for a total value of $472,500.00. Following the transaction, the vice president now owns 2,208 shares of the company’s stock, valued at approximately $139,104. The disclosure for this sale can be found here. Insiders have sold a total of 23,794 shares of company stock valued at $1,532,609 in the last quarter. Company insiders own 1.79% of the company’s stock.

NYSE ENR opened at $63.76 on Friday. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 2.44 and a beta of 0.82. Energizer Holdings Inc has a fifty-two week low of $40.64 and a fifty-two week high of $65.57. The company has a quick ratio of 1.31, a current ratio of 1.82 and a debt-to-equity ratio of 20.43.

Energizer (NYSE:ENR) last released its quarterly earnings data on Wednesday, August 1st. The company reported $0.54 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.54. The business had revenue of $392.80 million during the quarter, compared to analyst estimates of $389.13 million. Energizer had a return on equity of 359.49% and a net margin of 6.98%. The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. analysts forecast that Energizer Holdings Inc will post 3.36 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 12th. Shareholders of record on Thursday, August 16th will be paid a dividend of $0.29 per share. The ex-dividend date is Wednesday, August 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.82%. Energizer’s payout ratio is currently 38.93%.

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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid products.

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Institutional Ownership by Quarter for Energizer (NYSE:ENR)

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