Principal Financial Group Inc. Acquires 13,453 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Principal Financial Group Inc. boosted its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 907,826 shares of the company's stock after acquiring an additional 13,453 shares during the period. Principal Financial Group Inc. owned 1.26% of Energizer worth $27,162,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nuveen Asset Management LLC lifted its position in Energizer by 17.7% during the 4th quarter. Nuveen Asset Management LLC now owns 303,549 shares of the company's stock valued at $10,591,000 after acquiring an additional 45,638 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Energizer during the 4th quarter valued at about $4,701,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in 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 valued at $5,718,000 after purchasing an additional 25,105 shares in the last quarter. GAMMA Investing LLC increased its stake in Energizer by 2,354.4% during the 1st quarter. GAMMA Investing LLC now owns 18,850 shares of the company's stock valued at $564,000 after purchasing an additional 18,082 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Energizer by 94.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company's stock valued at $54,000 after purchasing an additional 753 shares in the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Energizer

In other news, Director Patrick J. Moore purchased 10,000 shares of the stock in a transaction on Monday, May 12th. The shares were acquired at an average price of $23.10 per share, with a total value of $231,000.00. Following the completion of the acquisition, the director directly owned 15,000 shares of the company's stock, valued at $346,500. This trade represents a 200.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Donal L. Mulligan bought 10,000 shares of the stock in a transaction dated Monday, May 19th. The stock was bought at an average cost of $23.66 per share, for a total transaction of $236,600.00. Following the acquisition, the director directly owned 10,000 shares of the company's stock, valued at approximately $236,600. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought 25,000 shares of company stock valued at $578,140 over the last 90 days. 0.98% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Truist Financial reduced their price objective on shares of 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 objective on shares of Energizer from $28.00 to $26.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Barclays lifted their price target on shares of Energizer from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Friday, May 16th. Finally, Canaccord Genuity Group reduced their price target on shares of Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research note on Wednesday, May 7th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Energizer currently has an average rating of "Hold" and a consensus target price of $31.63.

Energizer Stock Performance

Shares of ENR stock traded up $0.64 during trading hours on Thursday, reaching $22.76. The company had a trading volume of 962,670 shares, compared to its average volume of 737,403. The business has a fifty day moving average price of $22.12 and a 200-day moving average price of $27.97. Energizer Holdings, Inc. has a one year low of $19.70 and a one year high of $39.52. The firm has a market cap of $1.64 billion, a PE ratio of 31.18 and a beta of 0.63. The company has a debt-to-equity ratio of 23.56, a quick ratio of 0.86 and a current ratio of 1.86.

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

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend was Wednesday, May 21st. Energizer's dividend payout ratio is currently 164.38%.

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.