Federated Hermes Inc. Makes New $1.67 Million Investment in Edgewell Personal Care Co (NYSE:EPC)

Federated Hermes Inc. purchased a new position in shares of Edgewell Personal Care Co (NYSE:EPC) during the fourth quarter, Holdings Channel.com reports. The firm purchased 49,665 shares of the company’s stock, valued at approximately $1,669,000.

Several other large investors also recently modified their holdings of EPC. HighTower Advisors LLC grew its stake in shares of Edgewell Personal Care by 12.2% in the 3rd quarter. HighTower Advisors LLC now owns 11,339 shares of the company’s stock valued at $421,000 after buying an additional 1,234 shares during the period. Jane Street Group LLC grew its stake in Edgewell Personal Care by 21.7% in the third quarter. Jane Street Group LLC now owns 102,001 shares of the company’s stock valued at $3,707,000 after acquiring an additional 18,214 shares during the period. MML Investors Services LLC increased its holdings in shares of Edgewell Personal Care by 72.6% during the third quarter. MML Investors Services LLC now owns 19,931 shares of the company’s stock valued at $724,000 after acquiring an additional 8,384 shares in the last quarter. Barclays PLC increased its holdings in shares of Edgewell Personal Care by 563.6% during the third quarter. Barclays PLC now owns 148,553 shares of the company’s stock valued at $5,400,000 after acquiring an additional 126,168 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Edgewell Personal Care by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,130,160 shares of the company’s stock worth $41,078,000 after purchasing an additional 6,964 shares during the period. Institutional investors and hedge funds own 91.91% of the company’s stock.

Edgewell Personal Care Stock Performance

EPC stock opened at $30.13 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 2.06 and a debt-to-equity ratio of 0.96. The firm has a market cap of $1.45 billion, a PE ratio of 16.46 and a beta of 0.94. The business has a 50 day moving average of $30.29 and a 200-day moving average of $33.14. Edgewell Personal Care Co has a 12-month low of $26.65 and a 12-month high of $41.50.

Edgewell Personal Care (NYSE:EPC) last announced its earnings results on Monday, February 10th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.06). Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. As a group, sell-side analysts expect that Edgewell Personal Care Co will post 3.16 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Wednesday, March 5th. Edgewell Personal Care’s dividend payout ratio is 32.79%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays decreased their price target on shares of Edgewell Personal Care from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday. StockNews.com raised shares of Edgewell Personal Care from a “sell” rating to a “hold” rating in a research report on Tuesday, April 8th. Morgan Stanley dropped their price target on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 11th. UBS Group decreased their price objective on Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Wells Fargo & Company dropped their target price on Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $36.29.

Edgewell Personal Care Profile

Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.