Energizer Holdings, Inc. (NYSE:ENR) Shares Sold by tru Independence LLC

tru Independence LLC trimmed its stake in Energizer Holdings, Inc. (NYSE:ENR) by 1.2% during the second quarter, HoldingsChannel.com reports. The fund owned 170,522 shares of the company’s stock after selling 2,151 shares during the period. tru Independence LLC’s holdings in Energizer were worth $5,037,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank purchased a new position in Energizer in the 4th quarter worth about $16,559,000. Victory Capital Management Inc. raised its holdings in shares of Energizer by 192.5% during the second quarter. Victory Capital Management Inc. now owns 372,697 shares of the company’s stock valued at $11,009,000 after acquiring an additional 245,285 shares during the period. M&G Plc acquired a new stake in shares of Energizer during the first quarter valued at approximately $5,174,000. Great Lakes Advisors LLC purchased a new stake in shares of Energizer in the 4th quarter valued at approximately $3,629,000. Finally, Verition Fund Management LLC boosted its stake in Energizer by 197.4% in the 4th quarter. Verition Fund Management LLC now owns 159,122 shares of the company’s stock worth $5,041,000 after purchasing an additional 105,622 shares during the period. 93.74% of the stock is owned by institutional investors and hedge funds.

Energizer Trading Down 1.4 %

Shares of NYSE ENR opened at $31.15 on Friday. The business has a 50 day simple moving average of $30.32 and a 200 day simple moving average of $29.32. Energizer Holdings, Inc. has a 52 week low of $26.92 and a 52 week high of $36.72. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 26.18 and a beta of 1.04. The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, August 6th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.67 by $0.12. The company had revenue of $701.40 million during the quarter, compared to the consensus estimate of $704.86 million. Energizer had a net margin of 0.35% and a return on equity of 137.24%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. On average, research analysts predict that Energizer Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.85%. Energizer’s dividend payout ratio is currently 100.84%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ENR shares. JPMorgan Chase & Co. increased their target price on Energizer from $28.00 to $29.00 and gave the company an “underweight” rating in a report on Wednesday, August 7th. Barclays increased their price objective on Energizer from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Truist Financial raised Energizer from a “hold” rating to a “buy” rating and lifted their target price for the company from $30.00 to $40.00 in a research note on Tuesday, August 27th. Evercore ISI reduced their price target on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.38.

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.