Principal Financial Group Inc. Increases Stock Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Principal Financial Group Inc. boosted its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 894,373 shares of the company's stock after purchasing an additional 32,618 shares during the period. Principal Financial Group Inc. owned about 1.24% of Energizer worth $31,204,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Inspire Investing LLC grew its position in shares of Energizer by 166.3% in the 4th quarter. Inspire Investing LLC now owns 34,692 shares of the company's stock valued at $1,210,000 after buying an additional 21,667 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Energizer by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company's stock worth $29,587,000 after buying an additional 19,836 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Energizer in the 3rd quarter worth about $584,000. Seizert Capital Partners LLC increased its holdings in Energizer by 29.0% in the 3rd quarter. Seizert Capital Partners LLC now owns 181,773 shares of the company's stock worth $5,773,000 after acquiring an additional 40,891 shares during the last quarter. Finally, Clarkston Capital Partners LLC raised its holdings in Energizer by 12.6% during the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company's stock valued at $151,660,000 after acquiring an additional 533,831 shares during the period. Institutional investors and hedge funds own 93.74% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group upped their price objective on shares of Energizer from $32.00 to $36.00 and gave the company a "hold" rating in a research note on Wednesday, November 20th. StockNews.com downgraded shares of Energizer from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their target price on shares of Energizer from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Morgan Stanley boosted their price objective on Energizer from $33.00 to $36.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $38.00 price objective on shares of Energizer in a research report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Energizer currently has a consensus rating of "Hold" and an average target price of $38.38.

Energizer Stock Down 0.7 %

ENR stock traded down $0.22 during trading on Wednesday, reaching $31.05. 111,652 shares of the company traded hands, compared to its average volume of 574,708. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 39.29 and a beta of 1.06. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80. The business has a 50 day simple moving average of $33.77 and a 200 day simple moving average of $33.17. Energizer Holdings, Inc. has a 12 month low of $26.92 and a 12 month high of $39.51.

Energizer (NYSE:ENR - Get Free Report) last announced 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. The firm had revenue of $731.70 million during the quarter, compared to analyst estimates of $726.23 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. Energizer's revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. On average, equities research analysts anticipate that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Thursday, February 20th. Energizer's dividend payout ratio is presently 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.