Glenmede Trust Co. NA Reduces Stock Position in Energizer Holdings, Inc. $ENR

Glenmede Trust Co. NA cut its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 7.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 536,924 shares of the company’s stock after selling 45,165 shares during the period. Glenmede Trust Co. NA’s holdings in Energizer were worth $8,816,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clarkston Capital Partners LLC raised its stake in shares of Energizer by 9.7% during the 4th quarter. Clarkston Capital Partners LLC now owns 4,227,520 shares of the company’s stock valued at $84,085,000 after purchasing an additional 372,465 shares during the period. LSV Asset Management grew its holdings in Energizer by 3.4% during the 4th quarter. LSV Asset Management now owns 3,553,474 shares of the company’s stock valued at $70,679,000 after buying an additional 116,900 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Energizer by 148,623.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,794,522 shares of the company’s stock valued at $55,583,000 after buying an additional 2,792,643 shares during the period. State Street Corp increased its position in shares of Energizer by 0.5% during the fourth quarter. State Street Corp now owns 2,490,608 shares of the company’s stock valued at $49,538,000 after buying an additional 13,200 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Energizer by 16.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,348,768 shares of the company’s stock worth $46,717,000 after buying an additional 323,363 shares in the last quarter. Institutional investors own 93.74% of the company’s stock.

Energizer Stock Up 1.0%

Shares of NYSE ENR opened at $21.17 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 1.03 and a debt-to-equity ratio of 19.08. The business has a 50-day moving average of $20.47 and a 200-day moving average of $19.80. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 7.76 and a beta of 0.75. Energizer Holdings, Inc. has a 12 month low of $15.75 and a 12 month high of $30.29.

Energizer (NYSE:ENR) last announced its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.47. Energizer had a net margin of 6.55% and a return on equity of 144.22%. The business had revenue of $643.30 million for the quarter, compared to the consensus estimate of $661.92 million. During the same period last year, the firm posted $0.67 earnings per share. Energizer’s quarterly revenue was down 3.0% on a year-over-year basis. Sell-side analysts expect that Energizer Holdings, Inc. will post 3.56 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Energizer’s dividend payout ratio (DPR) is currently 43.96%.

Insiders Place Their Bets

In other Energizer news, major shareholder Aqua Capital, Ltd. purchased 60,000 shares of Energizer stock in a transaction on Thursday, July 23rd. The shares were acquired at an average cost of $20.25 per share, for a total transaction of $1,215,000.00. Following the completion of the transaction, the insider directly owned 7,940,000 shares of the company’s stock, valued at approximately $160,785,000. The trade was a 0.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders purchased 538,681 shares of company stock valued at $10,406,791. Insiders own 1.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Canaccord Genuity Group cut their price objective on shares of Energizer from $20.00 to $19.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. Barclays increased their target price on shares of Energizer from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. raised their price target on shares of Energizer from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. UBS Group boosted their price target on shares of Energizer from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Energizer in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $24.00.

Energizer Company Profile

Energizer Holdings, Inc is a global consumer products company best known for its portfolio of portable power and lighting solutions. The company’s primary business activities include the design, manufacture and marketing of batteries under the Energizer and Rayovac brands, as well as portable lighting products such as flashlights, headlamps and lanterns. Energizer also produces a range of automotive appearance and protection products, including tire inflators and repair kits, along with personal care offerings like aerosol insect repellents and sunscreen under licensed brands.

Founded in 2000 through the spin-off of the battery business from Ralston Purina Company, Energizer has grown through both organic development and strategic acquisitions.