Segall Bryant & Hamill LLC Makes New Investment in Energizer Holdings, Inc. (NYSE:ENR)

Segall Bryant & Hamill LLC bought a new position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 53,085 shares of the company's stock, valued at approximately $1,588,000. Segall Bryant & Hamill LLC owned approximately 0.07% of Energizer at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in Energizer by 0.3% during the first quarter. Victory Capital Management Inc. now owns 349,568 shares of the company's stock worth $10,459,000 after purchasing an additional 1,183 shares during the period. MQS Management LLC acquired a new stake in Energizer during the first quarter worth approximately $221,000. Capital Insight Partners LLC raised its position in shares of Energizer by 4.0% in the first quarter. Capital Insight Partners LLC now owns 15,396 shares of the company's stock valued at $461,000 after buying an additional 594 shares in the last quarter. tru Independence LLC raised its position in shares of Energizer by 1.2% in the first quarter. tru Independence LLC now owns 157,735 shares of the company's stock valued at $4,719,000 after buying an additional 1,850 shares in the last quarter. Finally, M&T Bank Corp raised its position in shares of Energizer by 7.7% in the first quarter. M&T Bank Corp now owns 18,862 shares of the company's stock valued at $564,000 after buying an additional 1,344 shares in the last quarter. Institutional investors own 93.74% of the company's stock.

Wall Street Analysts Forecast Growth

ENR has been the topic of a number of research reports. Canaccord Genuity Group decreased their target price on shares of Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research note on Wednesday, May 7th. UBS Group decreased their target price on shares of Energizer from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday. Barclays decreased their target price on shares of Energizer from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. Truist Financial reduced their price objective on shares of Energizer from $40.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Energizer from $36.00 to $30.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Energizer currently has a consensus rating of "Hold" and a consensus price target of $31.00.

Insider Activity

In other news, CEO Mark Stephen Lavigne bought 4,000 shares of the stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of $21.67 per share, for a total transaction of $86,680.00. Following the purchase, the chief executive officer directly owned 277,645 shares of the company's stock, valued at $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 the SEC website. Also, Director Donal L. Mulligan bought 10,000 shares of the stock in a transaction on Monday, May 19th. The stock was purchased at an average price of $23.66 per share, for a total transaction of $236,600.00. Following the completion of the purchase, the director directly owned 10,000 shares in the company, valued at approximately $236,600. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 25,000 shares of company stock valued at $578,140 in the last three months. Company insiders own 0.98% of the company's stock.

Energizer Trading Down 1.2%

ENR opened at $22.92 on Friday. 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 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 PE ratio of 31.40 and a beta of 0.63. The company's 50-day moving average is $21.97 and its 200 day moving average is $27.38.

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

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis 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%.

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.

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