Energizer Holdings, Inc. (NYSE:ENR) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 907,826 shares of the company's stock after purchasing an additional 13,453 shares during the quarter. Principal Financial Group Inc. owned 1.26% of Energizer worth $27,162,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ENR. Proficio Capital Partners LLC bought a new position in Energizer during the fourth quarter worth about $411,000. Smartleaf Asset Management LLC raised its position in shares of Energizer by 94.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company's stock valued at $54,000 after buying an additional 753 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Energizer by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 965,310 shares of the company's stock valued at $33,680,000 after buying an additional 33,739 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Energizer during the fourth quarter worth $11,718,000. Finally, Amundi lifted its stake in Energizer by 42.2% during the fourth quarter. Amundi now owns 50,926 shares of the company's stock worth $1,823,000 after purchasing an additional 15,106 shares during the last quarter. Institutional investors and hedge funds own 93.74% of the company's stock.

Energizer Stock Performance

Shares of NYSE:ENR traded up $0.46 during midday trading on Wednesday, hitting $22.21. The company had a trading volume of 1,091,081 shares, compared to its average volume of 734,991. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 30.43 and a beta of 0.63. Energizer Holdings, Inc. has a 12-month low of $19.70 and a 12-month high of $39.52. The company has a fifty day moving average of $22.29 and a two-hundred day moving average of $28.09. The company has a debt-to-equity ratio of 23.56, a current ratio of 1.86 and a quick ratio of 0.86.

Energizer (NYSE:ENR - Get Free Report) last announced its quarterly 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). Energizer had a net margin of 1.87% and a return on equity of 184.22%. The company had revenue of $662.90 million during the quarter, compared to the consensus estimate of $670.85 million. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The business's revenue was down .1% on a year-over-year basis. On average, equities research analysts expect that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given a $0.30 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 5.40%. Energizer's payout ratio is presently 164.38%.

Insider Buying and Selling

In related news, CEO Mark Stephen Lavigne acquired 4,000 shares of the firm's stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of $21.67 per share, with a total value of $86,680.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick J. Moore bought 10,000 shares of Energizer stock in a transaction dated Monday, May 12th. The stock was acquired at an average price of $23.10 per share, with a total value of $231,000.00. Following the completion of the transaction, the director directly owned 15,000 shares of the company's stock, valued at approximately $346,500. The trade was a 200.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 25,000 shares of company stock worth $578,140 in the last 90 days. 0.98% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ENR shares. Barclays raised their target price on Energizer from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Friday, May 16th. Canaccord Genuity Group decreased 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. UBS Group cut their price target on Energizer from $28.00 to $26.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Truist Financial cut 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. Finally, JPMorgan Chase & Co. cut their target price on Energizer from $36.00 to $30.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $31.63.

Energizer Profile

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.