Systematic Financial Management LP lessened its position in Energizer Holdings Inc (NYSE:ENR) by 52.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,165 shares of the company’s stock after selling 2,385 shares during the period. Systematic Financial Management LP’s holdings in Energizer were worth $84,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in ENR. Norges Bank purchased a new stake in Energizer in the 4th quarter worth about $28,791,000. Geode Capital Management LLC raised its position in Energizer by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 588,180 shares of the company’s stock worth $26,556,000 after purchasing an additional 18,044 shares during the period. State of Alaska Department of Revenue increased its position in shares of Energizer by 3.8% during the first quarter. State of Alaska Department of Revenue now owns 7,106 shares of the company’s stock worth $318,000 after acquiring an additional 260 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Energizer by 7.6% during the first quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the company’s stock worth $764,000 after acquiring an additional 1,200 shares during the period. Finally, Sciencast Management LP purchased a new position in shares of Energizer during the first quarter worth approximately $226,000. Institutional investors own 88.16% of the company’s stock.
ENR has been the topic of a number of research reports. JPMorgan Chase & Co. lowered shares of Energizer from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $45.00 to $36.00 in a research report on Wednesday, June 19th. Deutsche Bank raised shares of Energizer from a “hold” rating to a “buy” rating and raised their target price for the stock from $38.00 to $52.00 in a research report on Wednesday, June 26th. ValuEngine raised shares of Energizer from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Bank of America reaffirmed an “underperform” rating and set a $35.00 target price (down from $40.00) on shares of Energizer in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $70.00 target price on shares of Energizer in a research report on Thursday, August 8th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $53.58.
Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.10). The business had revenue of $647.20 million for the quarter, compared to analysts’ expectations of $673.50 million. Energizer had a net margin of 0.29% and a return on equity of 60.51%. The business’s quarterly revenue was up 64.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. On average, analysts anticipate that Energizer Holdings Inc will post 2.92 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Monday, August 19th. Energizer’s payout ratio is 35.61%.
In other Energizer news, Director Robert V. Vitale acquired 1,765 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average cost of $42.31 per share, with a total value of $74,677.15. Following the completion of the acquisition, the director now directly owns 8,225 shares in the company, valued at approximately $347,999.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Alan R. Hoskins acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $35.00 per share, for a total transaction of $350,000.00. Following the completion of the acquisition, the chief executive officer now owns 260,337 shares of the company’s stock, valued at $9,111,795. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 30,487 shares of company stock worth $1,094,937. 2.25% of the stock is currently owned by corporate insiders.
Energizer Holdings, Inc manufacturers and markets batteries and lighting products. The company’s products include household batteries, specialty batteries, and portable lighting. Energizer Holdings was founded in 2000 and is headquartered in St. Louis, MO.
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