Vanguard Group Inc. Buys 1,126,158 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Vanguard Group Inc. grew its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 13.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,298,682 shares of the company’s stock after buying an additional 1,126,158 shares during the period. Vanguard Group Inc. owned 12.96% of Energizer worth $297,930,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its position in shares of Energizer by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 14,873 shares of the company’s stock valued at $499,000 after buying an additional 285 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Energizer by 2.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 16,695 shares of the company’s stock worth $535,000 after purchasing an additional 324 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Energizer by 2.0% in the third quarter. Thrivent Financial for Lutherans now owns 17,539 shares of the company’s stock worth $441,000 after purchasing an additional 342 shares during the last quarter. Yousif Capital Management LLC increased its position in shares of Energizer by 1.1% in the third quarter. Yousif Capital Management LLC now owns 32,980 shares of the company’s stock worth $1,057,000 after purchasing an additional 353 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Energizer by 35.3% in the third quarter. Signaturefd LLC now owns 1,384 shares of the company’s stock worth $44,000 after purchasing an additional 361 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ENR shares. Barclays upped their price objective on shares of Energizer from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $35.67.

Energizer Stock Up 4.4 %

Shares of ENR opened at $29.11 on Thursday. The firm has a market cap of $2.09 billion, a P/E ratio of 22.57 and a beta of 1.06. The stock has a 50 day simple moving average of $29.98 and a two-hundred day simple moving average of $31.25. The company has a debt-to-equity ratio of 19.36, a current ratio of 2.03 and a quick ratio of 1.15. Energizer Holdings, Inc. has a 1 year low of $27.58 and a 1 year high of $37.32.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $716.60 million during the quarter, compared to analyst estimates of $710.73 million. Energizer had a return on equity of 123.29% and a net margin of 3.21%. Energizer’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 earnings per share. On average, analysts forecast that Energizer Holdings, Inc. will post 3.2 earnings per share for the current fiscal year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Wednesday, February 21st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend was Tuesday, February 20th. Energizer’s dividend payout ratio (DPR) is presently 93.02%.

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, 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.