Municipal Employees Retirement System of Michigan decreased its stake in Energizer Holdings, Inc. (NYSE:ENR) by 17.6% during the second quarter, Holdings Channel reports. The institutional investor owned 23,580 shares of the company’s stock after selling 5,030 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Energizer Holdings were worth $1,132,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its position in shares of Energizer Holdings by 12,028.5% in the first quarter. BlackRock Inc. now owns 5,258,322 shares of the company’s stock valued at $293,151,000 after buying an additional 5,214,967 shares in the last quarter. Columbus Circle Investors bought a new stake in Energizer Holdings during the first quarter valued at $39,949,000. Morgan Stanley raised its stake in Energizer Holdings by 132.1% in the first quarter. Morgan Stanley now owns 650,329 shares of the company’s stock valued at $36,256,000 after buying an additional 370,139 shares in the last quarter. Bank of America Corp DE raised its stake in Energizer Holdings by 28.2% in the first quarter. Bank of America Corp DE now owns 1,525,675 shares of the company’s stock valued at $85,056,000 after buying an additional 336,062 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Energizer Holdings by 99.6% in the first quarter. Renaissance Technologies LLC now owns 536,000 shares of the company’s stock valued at $29,882,000 after buying an additional 267,400 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.
Energizer Holdings, Inc. (ENR) opened at 41.35 on Thursday. The stock has a 50 day moving average price of $46.64 and a 200 day moving average price of $52.55. The company has a market cap of $2.56 billion, a PE ratio of 13.73 and a beta of 0.57. Energizer Holdings, Inc. has a one year low of $40.98 and a one year high of $60.07.
Energizer Holdings (NYSE:ENR) last released its earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.06. Energizer Holdings had a net margin of 10.97% and a return on equity of 529.84%. The firm had revenue of $372 million during the quarter, compared to the consensus estimate of $390.88 million. During the same period in the prior year, the firm earned $0.32 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that Energizer Holdings, Inc. will post $2.90 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 21st will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Thursday, August 17th. Energizer Holdings’s dividend payout ratio is currently 36.54%.
Several equities research analysts have recently weighed in on ENR shares. Zacks Investment Research upgraded Energizer Holdings from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Wednesday, April 12th. Morgan Stanley downgraded Energizer Holdings from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $58.00 to $61.00 in a report on Wednesday, April 19th. They noted that the move was a valuation call. Jefferies Group LLC upped their price objective on Energizer Holdings from $54.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, April 19th. Royal Bank Of Canada reduced their price objective on Energizer Holdings from $57.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, May 5th. Finally, BidaskClub downgraded Energizer Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Energizer Holdings currently has a consensus rating of “Hold” and a consensus target price of $53.86.
In related news, Director Robert V. Vitale bought 7,300 shares of Energizer Holdings stock in a transaction dated Friday, August 4th. The stock was purchased at an average cost of $41.61 per share, with a total value of $303,753.00. Following the transaction, the director now directly owns 2,300 shares of the company’s stock, valued at $95,703. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.73% of the stock is owned by corporate insiders.
About Energizer Holdings
Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
Want to see what other hedge funds are holding ENR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energizer Holdings, Inc. (NYSE:ENR).
Receive News & Ratings for Energizer Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energizer Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.