Ironwood Investment Counsel LLC Sells 475 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Ironwood Investment Counsel LLC trimmed its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR) by 6.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,000 shares of the company’s stock after selling 475 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Energizer were worth $244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Clarkston Capital Partners LLC raised its stake in shares of Energizer by 12.6% during the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock worth $151,660,000 after buying an additional 533,831 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Energizer by 8.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company’s stock valued at $35,695,000 after purchasing an additional 80,163 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Energizer by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 965,310 shares of the company’s stock valued at $33,680,000 after purchasing an additional 33,739 shares in the last quarter. Principal Financial Group Inc. increased its stake in Energizer by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 894,373 shares of the company’s stock valued at $31,204,000 after purchasing an additional 32,618 shares in the last quarter. Finally, Verition Fund Management LLC increased its stake in Energizer by 56.5% in the third quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock valued at $16,727,000 after purchasing an additional 190,195 shares in the last quarter. 93.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ENR has been the subject of several recent analyst reports. Morgan Stanley upped their target price on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lowered their target price on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a research note on Thursday, January 30th. Barclays downgraded shares of Energizer from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th. Finally, StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.38.

Energizer Stock Performance

Shares of ENR opened at $29.97 on Friday. Energizer Holdings, Inc. has a 12 month low of $26.92 and a 12 month high of $39.51. The firm has a fifty day simple moving average of $32.61 and a 200 day simple moving average of $33.19. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 37.93 and a beta of 1.09. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17.

Energizer (NYSE:ENR) last announced its earnings results on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The business had revenue of $731.70 million during the quarter, compared to analysts’ expectations of $726.23 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. Research analysts forecast that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date was Thursday, February 20th. Energizer’s dividend payout ratio is currently 151.90%.

Energizer Company Profile

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.