Federated Hermes Inc. Sells 21,860 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Federated Hermes Inc. lessened its stake in Energizer Holdings, Inc. (NYSE:ENR) by 14.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,194 shares of the company’s stock after selling 21,860 shares during the quarter. Federated Hermes Inc. owned approximately 0.17% of Energizer worth $3,966,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ENR. Vanguard Group Inc. lifted its stake in Energizer by 13.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,298,682 shares of the company’s stock valued at $297,930,000 after acquiring an additional 1,126,158 shares in the last quarter. FMR LLC lifted its position in shares of Energizer by 28.2% during the third quarter. FMR LLC now owns 6,860,185 shares of the company’s stock valued at $219,800,000 after purchasing an additional 1,508,081 shares in the last quarter. LSV Asset Management lifted its position in shares of Energizer by 1.4% during the third quarter. LSV Asset Management now owns 1,750,934 shares of the company’s stock valued at $56,100,000 after purchasing an additional 23,844 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in Energizer by 0.5% during the third quarter. Gamco Investors INC. ET AL now owns 1,270,495 shares of the company’s stock worth $40,707,000 after purchasing an additional 6,823 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Energizer by 12.5% in the 3rd quarter. Principal Financial Group Inc. now owns 895,249 shares of the company’s stock worth $28,683,000 after purchasing an additional 99,353 shares in the last quarter. Institutional investors own 93.74% of the company’s stock.

Energizer Trading Up 0.4 %

NYSE:ENR opened at $28.51 on Friday. The firm’s 50 day moving average is $28.52 and its 200 day moving average is $30.64. Energizer Holdings, Inc. has a 12 month low of $26.92 and a 12 month high of $37.32. The stock has a market capitalization of $2.05 billion, a PE ratio of 22.10 and a beta of 1.06. The company has a current ratio of 2.03, a quick ratio of 1.15 and a debt-to-equity ratio of 19.36.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $716.60 million for 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%. The business’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. Sell-side analysts expect that Energizer Holdings, Inc. will post 3.21 earnings per share for the current year.

Energizer Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 4.21%. Energizer’s dividend payout ratio is presently 93.02%.

Analysts Set New Price Targets

A number of brokerages recently commented on ENR. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Barclays reduced their price objective on Energizer from $36.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.00.

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.