Energizer Holdings, Inc. (ENR) Position Increased by Monarch Partners Asset Management LLC
Monarch Partners Asset Management LLC raised its position in shares of Energizer Holdings, Inc. (NYSE:ENR) by 45.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 312,243 shares of the company’s stock after buying an additional 97,673 shares during the period. Energizer Holdings comprises 1.5% of Monarch Partners Asset Management LLC’s investment portfolio, making the stock its 10th largest position. Monarch Partners Asset Management LLC’s holdings in Energizer Holdings were worth $14,994,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Creative Planning boosted its stake in shares of Energizer Holdings by 0.4% in the first quarter. Creative Planning now owns 1,999 shares of the company’s stock worth $111,000 after buying an additional 7 shares during the period. Acrospire Investment Management LLC bought a new position in Energizer Holdings during the first quarter valued at about $114,000. IFP Advisors Inc raised its position in Energizer Holdings by 7.1% in the second quarter. IFP Advisors Inc now owns 2,607 shares of the company’s stock valued at $125,000 after buying an additional 172 shares in the last quarter. Financial Counselors Inc. bought a new position in Energizer Holdings during the first quarter valued at about $201,000. Finally, World Asset Management Inc raised its position in Energizer Holdings by 11.2% in the second quarter. World Asset Management Inc now owns 4,412 shares of the company’s stock valued at $212,000 after buying an additional 443 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.
Energizer Holdings, Inc. (ENR) opened at 41.14 on Friday. The company has a market capitalization of $2.55 billion, a P/E ratio of 13.66 and a beta of 0.57. The firm has a 50-day moving average price of $46.39 and a 200 day moving average price of $52.47. Energizer Holdings, Inc. has a 1-year low of $40.98 and a 1-year high of $60.07.
Energizer Holdings (NYSE:ENR) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.06. The firm had revenue of $372 million for the quarter, compared to analyst estimates of $390.88 million. Energizer Holdings had a return on equity of 529.84% and a net margin of 10.97%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share. On average, equities analysts predict that Energizer Holdings, Inc. will post $2.90 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 21st will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Thursday, August 17th. Energizer Holdings’s dividend payout ratio (DPR) is currently 36.54%.
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Several research firms have recently issued reports on ENR. UBS AG reaffirmed a “neutral” rating and issued a $47.00 price target (down previously from $49.00) on shares of Energizer Holdings in a research report on Thursday, August 3rd. Deutsche Bank AG decreased their target price on Energizer Holdings from $55.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $52.00 target price (down previously from $54.00) on shares of Energizer Holdings in a research report on Monday, July 24th. Zacks Investment Research lowered Energizer Holdings from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $60.00 target price on shares of Energizer Holdings in a research report on Thursday, June 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Energizer Holdings currently has an average rating of “Hold” and an average target price of $53.86.
In related news, Director Robert V. Vitale acquired 7,300 shares of the stock in a transaction on Friday, August 4th. The shares were bought at an average price of $41.61 per share, with a total value of $303,753.00. Following the completion of the purchase, the director now owns 2,300 shares of the company’s stock, valued at approximately $95,703. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.73% of the company’s stock.
Energizer Holdings Company Profile
Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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