Wellington Management Group LLP Acquires 8,552 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Wellington Management Group LLP raised its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 492,055 shares of the company’s stock after purchasing an additional 8,552 shares during the period. Wellington Management Group LLP’s holdings in Energizer were worth $17,168,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Energizer by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares in the last quarter. Neo Ivy Capital Management bought a new position in Energizer in the 3rd quarter worth $30,000. Quarry LP bought a new position in Energizer in the 3rd quarter worth $39,000. Smartleaf Asset Management LLC lifted its position in shares of Energizer by 94.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock worth $54,000 after purchasing an additional 753 shares during the period. Finally, Central Pacific Bank Trust Division boosted its stake in shares of Energizer by 750.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock valued at $59,000 after purchasing an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Energizer Stock Performance

Shares of Energizer stock opened at $25.96 on Wednesday. Energizer Holdings, Inc. has a 1 year low of $25.90 and a 1 year high of $39.52. The firm’s 50-day moving average is $30.48 and its 200 day moving average is $33.04. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 32.86 and a beta of 0.92. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm had revenue of $731.70 million for 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 business’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts anticipate that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.62%. The ex-dividend date was Thursday, February 20th. Energizer’s dividend payout ratio is currently 151.90%.

Wall Street Analyst Weigh In

Several analysts have commented on ENR shares. Barclays lowered their price objective on shares of Energizer from $36.00 to $32.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. UBS Group dropped their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research note on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $37.88.

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.