Bank of New York Mellon Corp Has $35.70 Million Stake in Energizer Holdings, Inc. (NYSE:ENR)

Bank of New York Mellon Corp boosted its stake in Energizer Holdings, Inc. (NYSE:ENR) by 8.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,023,083 shares of the company’s stock after buying an additional 80,163 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.42% of Energizer worth $35,695,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Clarkston Capital Partners LLC raised its position in Energizer by 12.6% in the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after purchasing an additional 533,831 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Energizer by 56.5% during the third quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock worth $16,727,000 after acquiring an additional 190,195 shares during the last quarter. Zacks Investment Management bought a new stake in shares of Energizer during the third quarter worth $3,910,000. KBC Group NV raised its position in shares of Energizer by 5,308.0% during the fourth quarter. KBC Group NV now owns 89,664 shares of the company’s stock worth $3,128,000 after acquiring an additional 88,006 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Energizer by 100.9% during the third quarter. Barclays PLC now owns 139,890 shares of the company’s stock worth $4,443,000 after acquiring an additional 70,254 shares during the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ENR shares. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. Morgan Stanley boosted their target price on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. UBS Group dropped their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada restated a “sector perform” rating and set a $38.00 target price on shares of Energizer in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. dropped their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Energizer currently has an average rating of “Hold” and an average price target of $38.38.

Energizer Price Performance

NYSE:ENR opened at $31.00 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. The stock’s 50 day moving average price is $33.07 and its two-hundred day moving average price is $33.17. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 39.24 and a beta of 1.06. Energizer Holdings, Inc. has a 12-month low of $26.92 and a 12-month high of $39.51.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. The firm had revenue of $731.70 million for the quarter, compared to analyst estimates of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 earnings per share. On average, analysts anticipate that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, February 20th. Energizer’s dividend payout ratio is currently 151.90%.

Energizer Company 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, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.