Sterling Capital Management LLC Increases Holdings in Energizer Holdings Inc (ENR)

Sterling Capital Management LLC raised its position in Energizer Holdings Inc (NYSE:ENR) by 16.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 34,790 shares of the company’s stock after purchasing an additional 4,950 shares during the period. Sterling Capital Management LLC owned 0.06% of Energizer worth $2,040,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ENR. Oppenheimer Asset Management Inc. raised its holdings in shares of Energizer by 18.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,742 shares of the company’s stock worth $362,000 after acquiring an additional 894 shares during the period. MainStreet Investment Advisors LLC raised its holdings in shares of Energizer by 15.3% during the 2nd quarter. MainStreet Investment Advisors LLC now owns 7,151 shares of the company’s stock worth $450,000 after acquiring an additional 950 shares during the period. Foundry Partners LLC raised its holdings in shares of Energizer by 0.5% during the 2nd quarter. Foundry Partners LLC now owns 202,248 shares of the company’s stock worth $12,734,000 after acquiring an additional 965 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Energizer by 5.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 19,047 shares of the company’s stock worth $1,199,000 after acquiring an additional 996 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of Energizer by 2.4% during the 3rd quarter. Arizona State Retirement System now owns 42,440 shares of the company’s stock worth $2,489,000 after acquiring an additional 1,001 shares during the period. Institutional investors own 95.53% of the company’s stock.

Several research firms have recently commented on ENR. Zacks Investment Research lowered Energizer from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Jefferies Financial Group upgraded Energizer to a “buy” rating and set a $80.00 price target on the stock in a report on Thursday, July 19th. Deutsche Bank lifted their price target on Energizer from $64.00 to $68.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. Morgan Stanley lifted their price target on Energizer from $63.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, August 2nd. Finally, Bank of America raised their price objective on Energizer from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, July 16th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $68.20.

Shares of NYSE:ENR opened at $61.38 on Thursday. The company has a debt-to-equity ratio of 20.43, a current ratio of 1.82 and a quick ratio of 1.31. The stock has a market cap of $3.62 billion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 2.27 and a beta of 0.71. Energizer Holdings Inc has a 12-month low of $40.64 and a 12-month high of $65.57.

In related news, Director Bill G. Armstrong sold 1,000 shares of the firm’s stock in a transaction dated Friday, October 12th. The stock was sold at an average price of $58.81, for a total transaction of $58,810.00. Following the completion of the sale, the director now directly owns 24,387 shares of the company’s stock, valued at approximately $1,434,199.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.79% of the stock is currently owned by company insiders.

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Energizer Profile

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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Institutional Ownership by Quarter for Energizer (NYSE:ENR)

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