Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Stake in Energizer Holdings Inc (ENR)
Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in shares of Energizer Holdings Inc (NYSE:ENR) by 24.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,143 shares of the company’s stock after selling 3,968 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Energizer were worth $712,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. grew its stake in shares of Energizer by 0.3% during the 2nd quarter. BlackRock Inc. now owns 5,329,302 shares of the company’s stock worth $335,535,000 after acquiring an additional 15,326 shares in the last quarter. Oakbrook Investments LLC bought a new position in shares of Energizer in the third quarter valued at $225,000. FMR LLC grew its stake in shares of Energizer by 142.1% in the second quarter. FMR LLC now owns 1,966,141 shares of the company’s stock valued at $123,788,000 after buying an additional 1,153,941 shares in the last quarter. Piermont Capital Management Inc. bought a new position in shares of Energizer in the third quarter valued at $2,890,000. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of Energizer in the second quarter valued at $1,503,000. 93.12% of the stock is owned by institutional investors.
In other news, Director Robert V. Vitale bought 4,160 shares of the company’s stock in a transaction dated Monday, November 19th. The stock was bought at an average price of $47.89 per share, with a total value of $199,222.40. Following the completion of the acquisition, the director now owns 6,460 shares of the company’s stock, valued at $309,369.40. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John Eddy Klein bought 2,200 shares of the company’s stock in a transaction dated Thursday, November 29th. The shares were purchased at an average cost of $46.00 per share, with a total value of $101,200.00. Following the acquisition, the director now directly owns 4,591 shares of the company’s stock, valued at approximately $211,186. The disclosure for this purchase can be found here. Insiders have sold 3,000 shares of company stock valued at $180,570 in the last three months. Insiders own 1.79% of the company’s stock.
Energizer (NYSE:ENR) last released its quarterly earnings data on Thursday, November 15th. The company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.02. Energizer had a net margin of 5.20% and a return on equity of 549.70%. The firm had revenue of $457.20 million during the quarter, compared to analysts’ expectations of $459.64 million. During the same period in the previous year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Energizer Holdings Inc will post 3.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.66%. This is an increase from Energizer’s previous quarterly dividend of $0.29. Energizer’s dividend payout ratio (DPR) is currently 35.61%.
A number of research firms have commented on ENR. Deutsche Bank lifted their price objective on shares of Energizer from $64.00 to $68.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. Zacks Investment Research raised shares of Energizer from a “sell” rating to a “hold” rating in a research report on Friday, November 30th. Royal Bank of Canada lifted their price objective on shares of Energizer to $70.00 and gave the stock an “outperform” rating in a research report on Monday, November 26th. Bank of America cut shares of Energizer from a “buy” rating to an “underperform” rating in a research report on Friday, November 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $68.00 price objective on shares of Energizer in a research report on Wednesday, November 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $64.60.
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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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid products.
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