California State Teachers Retirement System reduced its stake in Energizer Holdings Inc (NYSE:ENR) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,367 shares of the company’s stock after selling 3,243 shares during the period. California State Teachers Retirement System’s holdings in Energizer were worth $4,576,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in ENR. Ford Financial Group Inc. acquired a new stake in shares of Energizer in the fourth quarter valued at $114,000. Zions Bancorporation acquired a new stake in shares of Energizer in the third quarter valued at $120,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Energizer by 51.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,643 shares of the company’s stock valued at $175,000 after acquiring an additional 1,231 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Energizer in the fourth quarter valued at $215,000. Finally, Affinity Wealth Management acquired a new stake in shares of Energizer in the third quarter valued at $295,000. Institutional investors and hedge funds own 97.24% of the company’s stock.
Several analysts have recently issued reports on the company. Jefferies Group reiterated a “hold” rating and issued a $62.00 price objective on shares of Energizer in a research note on Thursday. Zacks Investment Research upgraded Energizer from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective on the stock in a research note on Monday, February 5th. Royal Bank of Canada reissued a “buy” rating and issued a $65.00 target price on shares of Energizer in a report on Thursday, February 1st. Morgan Stanley increased their target price on Energizer from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. Finally, SunTrust Banks increased their target price on Energizer to $70.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $60.89.
NYSE:ENR opened at $59.58 on Monday. The firm has a market capitalization of $3,556.09, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 1.48 and a beta of 0.95. The company has a debt-to-equity ratio of 29.02, a quick ratio of 1.39 and a current ratio of 1.90. Energizer Holdings Inc has a 12 month low of $40.64 and a 12 month high of $64.00.
Energizer (NYSE:ENR) last posted its earnings results on Wednesday, January 31st. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.43 by $0.12. The firm had revenue of $573.30 million for the quarter, compared to analyst estimates of $566.50 million. Energizer had a return on equity of 274.69% and a net margin of 9.40%. Energizer’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.51 earnings per share. analysts predict that Energizer Holdings Inc will post 3.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Friday, February 16th. Energizer’s payout ratio is 38.93%.
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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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