Caitong International Asset Management Co. Ltd Buys 579 Shares of Energizer Holdings, Inc. $ENR

Caitong International Asset Management Co. Ltd raised its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 108.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,113 shares of the company’s stock after purchasing an additional 579 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Energizer were worth $33,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CX Institutional bought a new position in shares of Energizer during the 1st quarter worth about $33,000. Public Employees Retirement System of Ohio bought a new position in shares of Energizer during the 4th quarter worth about $43,000. Curat Global LLC bought a new position in shares of Energizer during the 1st quarter worth about $53,000. Central Pacific Bank Trust Division increased its holdings in shares of Energizer by 29.4% during the 1st quarter. Central Pacific Bank Trust Division now owns 2,200 shares of the company’s stock worth $66,000 after purchasing an additional 500 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Energizer by 21.6% during the 4th quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company’s stock worth $71,000 after purchasing an additional 360 shares during the period. Institutional investors own 93.74% of the company’s stock.

Wall Street Analyst Weigh In

ENR has been the topic of several recent research reports. Canaccord Genuity Group decreased their target price on shares of Energizer from $31.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their target price on shares of Energizer from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Barclays lifted their target price on shares of Energizer from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. UBS Group reiterated a “neutral” rating and set a $29.00 target price (up from $23.00) on shares of Energizer in a research report on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of Energizer from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.43.

Energizer Price Performance

NYSE:ENR opened at $27.82 on Monday. The firm has a market cap of $1.90 billion, a PE ratio of 8.02 and a beta of 0.63. Energizer Holdings, Inc. has a 12 month low of $19.70 and a 12 month high of $39.51. The company has a quick ratio of 0.84, a current ratio of 1.78 and a debt-to-equity ratio of 17.57. The company’s 50-day moving average price is $23.16 and its two-hundred day moving average price is $26.10.

Energizer (NYSE:ENR) last released its quarterly earnings results on Monday, August 4th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.52. The firm had revenue of $725.30 million for the quarter, compared to analyst estimates of $692.67 million. Energizer had a net margin of 8.60% and a return on equity of 181.90%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 earnings per share. On average, equities analysts anticipate that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Thursday, August 21st will be given a $0.30 dividend. The ex-dividend date is Thursday, August 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.3%. Energizer’s payout ratio is 34.58%.

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.