Smartleaf Asset Management LLC Acquires 753 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Smartleaf Asset Management LLC grew its position in Energizer Holdings, Inc. (NYSE:ENR) by 94.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,554 shares of the company’s stock after buying an additional 753 shares during the period. Smartleaf Asset Management LLC’s holdings in Energizer were worth $54,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Inspire Investing LLC boosted its holdings in shares of Energizer by 166.3% in the 4th quarter. Inspire Investing LLC now owns 34,692 shares of the company’s stock valued at $1,210,000 after buying an additional 21,667 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Energizer by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock valued at $29,587,000 after buying an additional 19,836 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Energizer in the 3rd quarter valued at about $584,000. Seizert Capital Partners LLC boosted its holdings in shares of Energizer by 29.0% in the 3rd quarter. Seizert Capital Partners LLC now owns 181,773 shares of the company’s stock valued at $5,773,000 after buying an additional 40,891 shares in the last quarter. Finally, Clarkston Capital Partners LLC boosted its holdings in shares of 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 buying an additional 533,831 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ENR has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised their price target on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Truist Financial increased their price objective on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. decreased their price objective on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. UBS Group decreased their price objective on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Morgan Stanley increased their price objective on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Energizer currently has a consensus rating of “Hold” and an average price target of $38.38.

Energizer Stock Performance

ENR opened at $31.19 on Tuesday. Energizer Holdings, Inc. has a 12-month low of $26.92 and a 12-month high of $39.51. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. The firm has a market capitalization of $2.25 billion, a PE ratio of 39.48 and a beta of 1.09. The firm has a 50 day moving average of $32.98 and a two-hundred day moving average of $33.23.

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

Energizer Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.85%. Energizer’s payout ratio is 151.90%.

About Energizer

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.