Principal Financial Group Inc. Lowers Stock Position in Energizer Holdings, Inc. (NYSE:ENR)

Principal Financial Group Inc. cut its position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 857,156 shares of the company's stock after selling 38,093 shares during the period. Principal Financial Group Inc. owned 1.19% of Energizer worth $27,155,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Teacher Retirement System of Texas bought a new position in Energizer in the 4th quarter valued at about $249,000. Versor Investments LP bought a new position in Energizer in the 4th quarter valued at about $596,000. Charles Schwab Investment Management Inc. lifted its position in Energizer by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 837,004 shares of the company's stock valued at $26,516,000 after acquiring an additional 29,452 shares in the last quarter. Victory Capital Management Inc. lifted its position in Energizer by 17.8% in the 4th quarter. Victory Capital Management Inc. now owns 18,828 shares of the company's stock valued at $596,000 after acquiring an additional 2,848 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in Energizer by 9.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 80,286 shares of the company's stock valued at $2,543,000 after acquiring an additional 6,794 shares in the last quarter. Institutional investors own 93.74% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ENR. StockNews.com cut shares of Energizer from a "buy" rating to a "hold" rating in a research report on Wednesday, February 7th. Barclays dropped their target price on shares of Energizer from $32.00 to $31.00 and set an "overweight" rating on the stock in a research report on Thursday, May 9th. UBS Group lifted their target price on shares of Energizer from $30.00 to $31.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 8th. Truist Financial dropped their target price on shares of Energizer from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, May 8th. Finally, Morgan Stanley raised shares of Energizer from an "underweight" rating to an "equal weight" rating and set a $33.00 target price on the stock in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $32.57.

Energizer Stock Performance

Shares of NYSE:ENR traded down $0.47 during mid-day trading on Friday, reaching $30.48. The company had a trading volume of 730,089 shares, compared to its average volume of 503,117. The company has a current ratio of 2.03, a quick ratio of 1.04 and a debt-to-equity ratio of 16.86. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 25.61 and a beta of 1.04. The company's 50-day moving average price is $28.72 and its 200-day moving average price is $30.45. Energizer Holdings, Inc. has a one year low of $26.92 and a one year high of $37.32.

Energizer (NYSE:ENR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.05. The company had revenue of $663.30 million for the quarter, compared to analysts' expectations of $664.10 million. Energizer had a net margin of 2.97% and a return on equity of 119.16%. Energizer's revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 EPS. As a group, equities research analysts anticipate that Energizer Holdings, Inc. will post 3.21 EPS for the current fiscal year.

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 22nd will be issued a $0.30 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.94%. Energizer's dividend payout ratio (DPR) is presently 100.84%.

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.