Brandywine Global Investment Management LLC Boosts Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Key Points

• Brandywine Global Investment Management LLC has increased its holdings in Energizer Holdings, Inc. by 19.5%, now owning 263,178 shares valued at approximately $7.87 million.
• Several institutional investors have also raised their stakes in Energizer, with Vanguard Group Inc. and LSV Asset Management among those increasing their holdings during the first quarter of the year.
• Energizer Holdings recently reported an earnings per share of $1.13, significantly above the consensus estimate, with a revenue increase of 3.4% from the same quarter last year.

Brandywine Global Investment Management LLC increased its holdings in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 19.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,178 shares of the company's stock after purchasing an additional 42,906 shares during the period. Brandywine Global Investment Management LLC owned 0.36% of Energizer worth $7,874,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Energizer by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 9,421,993 shares of the company's stock worth $281,906,000 after purchasing an additional 170,017 shares in the last quarter. LSV Asset Management increased its stake in Energizer by 28.4% in the 1st quarter. LSV Asset Management now owns 2,327,824 shares of the company's stock worth $69,648,000 after acquiring an additional 515,124 shares during the last quarter. Millennium Management LLC increased its stake in Energizer by 66.7% in the 4th quarter. Millennium Management LLC now owns 1,240,038 shares of the company's stock worth $43,265,000 after acquiring an additional 496,146 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Energizer by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,013,896 shares of the company's stock worth $35,375,000 after acquiring an additional 30,185 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Energizer by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,002,988 shares of the company's stock worth $30,009,000 after acquiring an additional 37,678 shares during the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ENR has been the topic of a number of research reports. Barclays lifted their price objective on Energizer from $24.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. UBS Group reaffirmed a "neutral" rating and issued a $29.00 price objective (up previously from $23.00) on shares of Energizer in a research note on Tuesday, August 5th. Wall Street Zen raised Energizer from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Truist Financial lifted their price objective on Energizer from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Energizer from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $31.43.

Energizer Stock Performance

NYSE ENR opened at $27.82 on Friday. The company has a market cap of $1.90 billion, a P/E ratio of 8.02 and a beta of 0.63. The company has a debt-to-equity ratio of 17.57, a quick ratio of 0.84 and a current ratio of 1.78. The business's 50 day moving average price is $23.16 and its 200-day moving average price is $26.15. Energizer Holdings, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $39.51.

Energizer (NYSE:ENR - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.52. The firm had revenue of $725.30 million for the quarter, compared to the consensus estimate of $692.67 million. Energizer had a return on equity of 181.90% and a net margin of 8.60%. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS. Sell-side analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Thursday, August 21st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Thursday, August 21st. Energizer's dividend payout ratio is 34.58%.

Insider Buying and Selling

In other Energizer news, Director Donal L. Mulligan acquired 10,000 shares of the business's stock in a transaction on Monday, May 19th. The shares were bought at an average price of $23.66 per share, with a total value of $236,600.00. Following the transaction, the director directly owned 10,000 shares of the company's stock, valued at $236,600. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.98% of the stock is owned by company insiders.

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.

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