Intech Investment Management LLC Invests $639,000 in Edgewell Personal Care Co (NYSE:EPC)

Intech Investment Management LLC bought a new stake in shares of Edgewell Personal Care Co (NYSE:EPC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,583 shares of the company’s stock, valued at approximately $639,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EPC. Dimensional Fund Advisors LP boosted its holdings in shares of Edgewell Personal Care by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,620,865 shares of the company’s stock valued at $145,524,000 after purchasing an additional 24,513 shares during the last quarter. Brandes Investment Partners LP grew its holdings in Edgewell Personal Care by 19.7% during the 2nd quarter. Brandes Investment Partners LP now owns 1,529,647 shares of the company’s stock valued at $61,545,000 after buying an additional 252,235 shares in the last quarter. LSV Asset Management increased its stake in Edgewell Personal Care by 16.6% in the 2nd quarter. LSV Asset Management now owns 1,071,354 shares of the company’s stock worth $43,058,000 after acquiring an additional 152,200 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Edgewell Personal Care by 17.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 673,602 shares of the company’s stock worth $27,072,000 after acquiring an additional 101,533 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Edgewell Personal Care by 63.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 664,902 shares of the company’s stock valued at $24,163,000 after purchasing an additional 259,200 shares in the last quarter. Institutional investors own 91.91% of the company’s stock.

Edgewell Personal Care Price Performance

EPC stock opened at $36.58 on Friday. The stock has a market cap of $1.78 billion, a PE ratio of 18.66 and a beta of 0.86. Edgewell Personal Care Co has a 12 month low of $33.27 and a 12 month high of $41.50. The company has a 50-day moving average price of $35.43 and a 200 day moving average price of $37.79. The company has a current ratio of 1.66, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.05. The business had revenue of $517.60 million during the quarter, compared to the consensus estimate of $535.23 million. Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 earnings per share. Equities research analysts anticipate that Edgewell Personal Care Co will post 3.21 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 3rd will be paid a $0.15 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.64%. Edgewell Personal Care’s payout ratio is 30.61%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group lowered their price objective on shares of Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Barclays lowered their price target on shares of Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. StockNews.com cut Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Truist Financial lowered their price objective on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Edgewell Personal Care has a consensus rating of “Moderate Buy” and a consensus price target of $42.40.

Edgewell Personal Care Company Profile

Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.