Brandywine Global Investment Management LLC Invests $7.69 Million in Energizer Holdings, Inc. (NYSE:ENR)

Brandywine Global Investment Management LLC acquired a new position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 220,272 shares of the company's stock, valued at approximately $7,685,000. Brandywine Global Investment Management LLC owned 0.31% of Energizer as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ENR. Arrowstreet Capital Limited Partnership bought a new stake in shares of Energizer during the 4th quarter worth approximately $574,000. Norges Bank acquired a new position in Energizer during the fourth quarter valued at approximately $7,277,000. JPMorgan Chase & Co. lifted its stake in Energizer by 76.4% during the fourth 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 last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Energizer by 2.0% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 93,681 shares of the company's stock valued at $3,269,000 after purchasing an additional 1,833 shares in the last quarter. Finally, LPL Financial LLC increased its stake in shares of Energizer by 14.0% in the 4th quarter. LPL Financial LLC now owns 11,804 shares of the company's stock valued at $412,000 after purchasing an additional 1,446 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Energizer Trading Down 3.2 %

NYSE ENR traded down $0.94 on Friday, hitting $28.41. The company's stock had a trading volume of 814,472 shares, compared to its average volume of 593,960. The company's 50-day moving average is $30.93 and its 200 day moving average is $33.10. The firm has a market cap of $2.05 billion, a PE ratio of 35.97 and a beta of 0.92. Energizer Holdings, Inc. has a 1-year low of $26.92 and a 1-year high of $39.52. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17.

Energizer (NYSE:ENR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.03. The business had revenue of $731.70 million during the quarter, compared to the consensus estimate of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. Energizer's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share. As a group, analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 4.22%. Energizer's dividend payout ratio (DPR) is currently 151.90%.

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.