Federated Hermes Inc. Reduces Stake in Energizer Holdings, Inc. (NYSE:ENR)

Federated Hermes Inc. lowered its position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 17.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 121,787 shares of the company's stock after selling 26,626 shares during the quarter. Federated Hermes Inc. owned about 0.17% of Energizer worth $3,644,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. CX Institutional purchased a new stake in shares of Energizer during the first quarter worth approximately $33,000. Public Employees Retirement System of Ohio purchased a new position in shares of Energizer in the fourth quarter worth about $43,000. Curat Global LLC acquired a new position in Energizer during the first quarter worth about $53,000. Central Pacific Bank Trust Division grew its stake in Energizer by 29.4% during the 1st quarter. Central Pacific Bank Trust Division now owns 2,200 shares of the company's stock valued at $66,000 after acquiring an additional 500 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Energizer by 21.6% in the 4th quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company's stock valued at $71,000 after acquiring an additional 360 shares during the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on ENR. Canaccord Genuity Group dropped their price target on Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research report on Wednesday, May 7th. JPMorgan Chase & Co. upped their price objective on shares of Energizer from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Friday, July 25th. UBS Group reiterated a "neutral" rating and issued a $29.00 target price (up from $23.00) on shares of Energizer in a report on Tuesday. Barclays raised their price target on shares of Energizer from $24.00 to $27.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Truist Financial raised their target price on Energizer from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $32.50.

Insider Activity at Energizer

In related news, CEO Mark Stephen Lavigne purchased 4,000 shares of the business's stock in a transaction 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 $6,016,567.15. This trade represents a 1.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Donal L. Mulligan acquired 10,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was bought at an average price of $23.66 per share, with a total value of $236,600.00. Following the purchase, the director directly owned 10,000 shares in the company, valued at approximately $236,600. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 25,000 shares of company stock worth $578,140. Company insiders own 0.98% of the company's stock.

Energizer Trading Down 0.5%

Shares of ENR stock traded down $0.16 on Wednesday, hitting $29.71. The stock had a trading volume of 1,324,720 shares, compared to its average volume of 897,590. The company's 50 day moving average price is $22.22 and its 200-day moving average price is $26.48. Energizer Holdings, Inc. has a 1 year low of $19.70 and a 1 year high of $39.51. The firm has a market capitalization of $2.14 billion, a P/E ratio of 8.56 and a beta of 0.63. The company has a debt-to-equity ratio of 17.57, a current ratio of 1.78 and a quick ratio of 0.86.

Energizer (NYSE:ENR - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.52. Energizer had a net margin of 8.60% and a return on equity of 181.90%. The business had revenue of $725.30 million for the quarter, compared to analysts' expectations of $692.67 million. During the same quarter in the prior year, the company earned $0.79 earnings per share. The business's quarterly revenue was up 3.4% on a year-over-year basis. Analysts anticipate that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Thursday, August 21st will be issued a $0.30 dividend. The ex-dividend date is Thursday, August 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. Energizer's dividend payout ratio (DPR) is 34.58%.

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.