Synovus Financial Corp Purchases 85 Shares of Energizer Holdings, Inc. (ENR)
Synovus Financial Corp increased its position in shares of Energizer Holdings, Inc. (NYSE:ENR) by 1.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,978 shares of the company’s stock after buying an additional 85 shares during the period. Synovus Financial Corp’s holdings in Energizer Holdings were worth $243,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in ENR. Teachers Advisors LLC increased its stake in shares of Energizer Holdings by 4.3% during the fourth quarter. Teachers Advisors LLC now owns 71,863 shares of the company’s stock worth $3,206,000 after buying an additional 2,931 shares during the period. Creative Planning increased its stake in shares of Energizer Holdings by 0.4% during 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. Capstone Asset Management Co. increased its stake in shares of Energizer Holdings by 2.5% during the first quarter. Capstone Asset Management Co. now owns 6,642 shares of the company’s stock worth $370,000 after buying an additional 160 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Energizer Holdings during the first quarter worth approximately $248,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Energizer Holdings by 12.8% during the first quarter. Russell Investments Group Ltd. now owns 200,255 shares of the company’s stock worth $11,163,000 after buying an additional 22,658 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.
A number of analysts recently weighed in on ENR shares. Royal Bank Of Canada restated a “buy” rating on shares of Energizer Holdings in a research note on Tuesday, July 18th. Zacks Investment Research upgraded shares of Energizer Holdings from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Monday, July 10th. Deutsche Bank AG dropped their price target on shares of Energizer Holdings from $55.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. Citigroup Inc. reiterated a “buy” rating and issued a $54.00 price target on shares of Energizer Holdings in a research note on Wednesday, August 23rd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $52.00 price target (down from $54.00) on shares of Energizer Holdings in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Energizer Holdings presently has a consensus rating of “Hold” and a consensus target price of $53.88.
In other news, Director Robert V. Vitale purchased 7,300 shares of the stock in a transaction dated Friday, August 4th. The stock was acquired at an average cost of $41.61 per share, for a total transaction of $303,753.00. Following the acquisition, the director now owns 2,300 shares of the company’s stock, valued at $95,703. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Alan R. Hoskins purchased 12,112 shares of the stock in a transaction dated Monday, August 21st. The stock was purchased at an average price of $41.28 per share, with a total value of $499,983.36. Following the completion of the acquisition, the chief executive officer now directly owns 98,887 shares in the company, valued at approximately $4,082,055.36. The disclosure for this purchase can be found here. Insiders bought a total of 31,212 shares of company stock valued at $1,297,839 over the last quarter. Company insiders own 1.73% of the company’s stock.
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Energizer Holdings, Inc. (NYSE:ENR) opened at 46.06 on Friday. The firm has a 50-day moving average of $43.80 and a 200 day moving average of $51.21. Energizer Holdings, Inc. has a 52 week low of $40.98 and a 52 week high of $60.07. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 15.29 and a beta of 0.58.
Energizer Holdings (NYSE:ENR) last announced its earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.06. Energizer Holdings had a return on equity of 529.84% and a net margin of 10.97%. The company had revenue of $372 million for the quarter, compared to analyst estimates of $390.88 million. During the same period in the prior year, the company posted $0.32 EPS. Energizer Holdings’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts anticipate that Energizer Holdings, Inc. will post $2.90 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 21st will be issued a $0.275 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.39%. Energizer Holdings’s dividend payout ratio (DPR) is 36.54%.
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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