Brown Brothers Harriman & Co. Decreases Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Brown Brothers Harriman & Co. reduced its position in Energizer Holdings, Inc. (NYSE:ENR) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the company’s stock after selling 1,327 shares during the period. Brown Brothers Harriman & Co.’s holdings in Energizer were worth $523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ENR. Norges Bank purchased a new position in Energizer in the fourth quarter worth about $7,277,000. JPMorgan Chase & Co. lifted its stake in shares of Energizer by 76.4% in the 4th quarter. JPMorgan Chase & Co. now owns 414,473 shares of the company’s stock worth $14,461,000 after purchasing an additional 179,521 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Energizer by 2.0% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 93,681 shares of the company’s stock worth $3,269,000 after buying an additional 1,833 shares during the last quarter. LPL Financial LLC grew its position in Energizer by 14.0% during the fourth quarter. LPL Financial LLC now owns 11,804 shares of the company’s stock valued at $412,000 after buying an additional 1,446 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Energizer during the fourth quarter valued at approximately $488,000. Institutional investors own 93.74% of the company’s stock.

Energizer Stock Down 0.3 %

NYSE ENR opened at $29.68 on Monday. 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 Holdings, Inc. has a 12 month low of $26.92 and a 12 month high of $39.52. The stock’s 50 day moving average is $31.46 and its 200 day moving average is $33.11. The stock has a market cap of $2.14 billion, a PE ratio of 37.57 and a beta of 1.09.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, beating 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 the consensus estimate of $726.23 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Research analysts predict that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The company also recently disclosed 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 4.04%. The ex-dividend date was Thursday, February 20th. Energizer’s payout ratio is 151.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ENR shares. UBS Group cut their price objective on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $38.00 price target on shares of Energizer in a report on Thursday, January 30th. JPMorgan Chase & Co. decreased their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays cut their price objective on Energizer from $36.00 to $32.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $37.88.

Energizer 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.