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

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

Several other large investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its position in Energizer by 21.6% during the 4th quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company's stock worth $71,000 after purchasing an additional 360 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in Energizer by 2.3% during the 4th quarter. OneDigital Investment Advisors LLC now owns 16,935 shares of the company's stock worth $591,000 after purchasing an additional 386 shares during the last quarter. Bank of Montreal Can grew its position in Energizer by 4.1% during the 4th quarter. Bank of Montreal Can now owns 11,978 shares of the company's stock worth $418,000 after purchasing an additional 470 shares during the last quarter. Summit Investment Advisors Inc. grew its position in Energizer by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 7,522 shares of the company's stock worth $262,000 after purchasing an additional 477 shares during the last quarter. Finally, Central Pacific Bank Trust Division grew its position in Energizer by 29.4% during the 1st quarter. Central Pacific Bank Trust Division now owns 2,200 shares of the company's stock worth $66,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 93.74% of the company's stock.

Energizer Stock Performance

Shares of ENR traded up $0.78 during trading hours on Thursday, hitting $22.90. The stock had a trading volume of 203,070 shares, compared to its average volume of 733,194. 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 firm has a 50-day moving average price of $22.19 and a 200 day moving average price of $28.05. Energizer Holdings, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $39.52. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 31.39 and a beta of 0.63.

Energizer (NYSE:ENR - Get Free Report) last posted 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). Energizer had a net margin of 1.87% and a return on equity of 184.22%. The firm had revenue of $662.90 million during the quarter, compared to analyst estimates of $670.85 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The business's revenue for the quarter was down .1% on a year-over-year basis. As a group, research analysts anticipate that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Announces Dividend

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Energizer from $36.00 to $30.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Truist Financial dropped their target price on shares of Energizer from $40.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Barclays lifted their price objective on shares of Energizer from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Friday, May 16th. Canaccord Genuity Group decreased their price objective 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. Finally, UBS Group decreased 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. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $31.63.

Insider Activity at Energizer

In other news, Director Patrick J. Moore bought 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average cost of $23.10 per share, for a total transaction of $231,000.00. Following the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Stephen Lavigne bought 4,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $21.67 per share, with a total value of $86,680.00. Following the completion of the purchase, the chief executive officer 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 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 three months. Company insiders own 0.98% of the company's stock.

Energizer Company 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.