Glenmede Trust Co. NA Has $8.82 Million Stock Position in Energizer Holdings, Inc. $ENR

Glenmede Trust Co. NA lessened its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 7.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 536,924 shares of the company’s stock after selling 45,165 shares during the period. Glenmede Trust Co. NA owned about 0.78% of Energizer worth $8,816,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in Energizer by 51.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,891 shares of the company’s stock worth $31,000 after purchasing an additional 644 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its position in shares of Energizer by 148.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,077 shares of the company’s stock valued at $41,000 after buying an additional 1,240 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Energizer during the third quarter valued at approximately $47,000. Public Employees Retirement System of Ohio grew its holdings in Energizer by 25.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,479 shares of the company’s stock worth $49,000 after buying an additional 503 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in Energizer in the 4th quarter valued at $60,000. Institutional investors own 93.74% of the company’s stock.

Insider Transactions at Energizer

In other news, major shareholder Aqua Capital, Ltd. bought 60,000 shares of the stock in a transaction on Thursday, July 23rd. The shares were purchased at an average cost of $20.25 per share, for a total transaction of $1,215,000.00. Following the completion of the purchase, the insider directly owned 7,940,000 shares in the company, valued at $160,785,000. This represents a 0.76% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired 538,681 shares of company stock valued at $10,406,791 over the last three months. Company insiders own 1.63% of the company’s stock.

Analysts Set New Price Targets

ENR has been the topic of several recent analyst reports. UBS Group lifted their target price on shares of Energizer from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. upped their target price on Energizer from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Energizer in a report on Wednesday, June 24th. Canaccord Genuity Group cut their price objective on Energizer from $20.00 to $19.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Finally, Barclays upped their price objective on Energizer from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.00.

Energizer Stock Up 1.0%

Energizer stock opened at $21.17 on Tuesday. Energizer Holdings, Inc. has a twelve month low of $15.75 and a twelve month high of $30.29. The firm has a 50 day moving average price of $20.47 and a 200-day moving average price of $19.80. The company has a market capitalization of $1.45 billion, a P/E ratio of 7.76 and a beta of 0.75. The company has a quick ratio of 1.03, a current ratio of 2.05 and a debt-to-equity ratio of 19.08.

Energizer (NYSE:ENR) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.47. Energizer had a net margin of 6.55% and a return on equity of 144.22%. The company had revenue of $643.30 million during the quarter, compared to analyst estimates of $661.92 million. During the same quarter last year, the business posted $0.67 EPS. Energizer’s quarterly revenue was down 3.0% compared to the same quarter last year. As a group, equities analysts predict that Energizer Holdings, Inc. will post 3.56 EPS for the current year.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Energizer’s dividend payout ratio (DPR) is currently 43.96%.

About Energizer

Energizer Holdings, Inc is a global consumer products company best known for its portfolio of portable power and lighting solutions. The company’s primary business activities include the design, manufacture and marketing of batteries under the Energizer and Rayovac brands, as well as portable lighting products such as flashlights, headlamps and lanterns. Energizer also produces a range of automotive appearance and protection products, including tire inflators and repair kits, along with personal care offerings like aerosol insect repellents and sunscreen under licensed brands.

Founded in 2000 through the spin-off of the battery business from Ralston Purina Company, Energizer has grown through both organic development and strategic acquisitions.