Bank of New York Mellon Corp Sells 44,396 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Bank of New York Mellon Corp lessened its position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 978,687 shares of the company's stock after selling 44,396 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.36% of Energizer worth $29,282,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of Energizer by 1.5% during the 1st quarter. Principal Financial Group Inc. now owns 907,826 shares of the company's stock worth $27,162,000 after purchasing an additional 13,453 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Energizer by 17.7% during the 4th quarter. Nuveen Asset Management LLC now owns 303,549 shares of the company's stock worth $10,591,000 after acquiring an additional 45,638 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Energizer during the 4th quarter worth approximately $4,701,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Energizer by 18.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,876 shares of the company's stock worth $5,718,000 after acquiring an additional 25,105 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Energizer by 2,354.4% during the 1st quarter. GAMMA Investing LLC now owns 18,850 shares of the company's stock worth $564,000 after acquiring an additional 18,082 shares during the last quarter. Institutional investors and hedge funds own 93.74% of the company's stock.

Energizer Stock Performance

NYSE:ENR traded down $0.27 during trading hours on Friday, reaching $22.92. The stock had a trading volume of 1,716,754 shares, compared to its average volume of 750,158. The company has a debt-to-equity ratio of 23.56, a quick ratio of 0.86 and a current ratio of 1.86. The stock has a 50 day simple moving average of $21.97 and a 200 day simple moving average of $27.38. Energizer Holdings, Inc. has a 12-month low of $19.70 and a 12-month high of $39.52. The stock has a market cap of $1.65 billion, a P/E ratio of 31.40 and a beta of 0.63.

Energizer (NYSE:ENR - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.01). The firm had revenue of $662.90 million during the quarter, compared to analysts' expectations of $670.85 million. Energizer had a return on equity of 184.22% and a net margin of 1.87%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 earnings per share. On average, research analysts forecast that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.24%. The ex-dividend date was Wednesday, May 21st. Energizer's dividend payout ratio (DPR) is currently 164.38%.

Insiders Place Their Bets

In other Energizer news, CEO Mark Stephen Lavigne purchased 4,000 shares of Energizer stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average price of $21.67 per share, for a total transaction of $86,680.00. Following the acquisition, the chief executive officer directly owned 277,645 shares in the company, valued at approximately $6,016,567.15. This trade represents a 1.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick J. Moore bought 10,000 shares of Energizer stock in a transaction on Monday, May 12th. The shares were purchased at an average price of $23.10 per share, for a total transaction of $231,000.00. Following the acquisition, the director directly owned 15,000 shares in the company, valued at approximately $346,500. This trade represents a 200.00% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 25,000 shares of company stock valued at $578,140 over the last 90 days. Insiders own 0.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ENR shares. Truist Financial reduced their price target on Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. UBS Group reduced their price target on Energizer from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday. Barclays cut their target price on Energizer from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Tuesday. Canaccord Genuity Group cut their target price on Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. cut their target price on Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $31.00.

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.