Intech Investment Management LLC Purchases 8,581 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Intech Investment Management LLC boosted its position in shares of Energizer Holdings, Inc. (NYSE:ENR) by 45.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,320 shares of the company’s stock after buying an additional 8,581 shares during the period. Intech Investment Management LLC’s holdings in Energizer were worth $953,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in shares of Energizer by 8.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company’s stock valued at $35,695,000 after purchasing an additional 80,163 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Energizer by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 965,310 shares of the company’s stock valued at $33,680,000 after purchasing an additional 33,739 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Energizer by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 894,373 shares of the company’s stock valued at $31,204,000 after purchasing an additional 32,618 shares during the last quarter. Verition Fund Management LLC lifted its stake in shares of Energizer by 56.5% in the 3rd quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock valued at $16,727,000 after purchasing an additional 190,195 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Energizer by 1.5% in the 3rd quarter. Wellington Management Group LLP now owns 483,503 shares of the company’s stock valued at $15,356,000 after purchasing an additional 7,164 shares during the last quarter. 93.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. UBS Group lowered their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a report on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $38.38.

Energizer Trading Down 1.4 %

ENR opened at $29.46 on Friday. The stock’s fifty day moving average is $32.00 and its two-hundred day moving average is $33.11. The company has a market capitalization of $2.13 billion, a P/E ratio of 37.30 and a beta of 1.09. Energizer Holdings, Inc. has a 52 week low of $26.92 and a 52 week 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) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. The company had revenue of $731.70 million for 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 last year, the business posted $0.59 EPS. Analysts forecast that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.20 annualized dividend and a yield of 4.07%. Energizer’s payout ratio is currently 151.90%.

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.