Northern Trust Corp Buys 76,761 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Northern Trust Corp grew its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 10.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 795,006 shares of the company’s stock after acquiring an additional 76,761 shares during the quarter. Northern Trust Corp’s holdings in Energizer were worth $27,738,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ENR. Raymond James Financial Inc. bought a new position in shares of Energizer during the fourth quarter valued at $11,718,000. Brandywine Global Investment Management LLC bought a new stake in Energizer in the 4th quarter worth about $7,685,000. Norges Bank bought a new stake in Energizer in the 4th quarter worth about $7,277,000. JPMorgan Chase & Co. increased its holdings in Energizer by 76.4% in the 4th quarter. JPMorgan Chase & Co. now owns 414,473 shares of the company’s stock worth $14,461,000 after buying an additional 179,521 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in Energizer in the 4th quarter worth about $5,545,000. 93.74% of the stock is currently owned by institutional investors.

Energizer Trading Down 2.7%

Shares of NYSE:ENR opened at $21.54 on Monday. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 27.27 and a beta of 0.77. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80. The stock’s 50-day simple moving average is $27.82 and its two-hundred day simple moving average is $32.11. Energizer Holdings, Inc. has a 52-week low of $21.49 and a 52-week high of $39.52.

Energizer (NYSE:ENR) last announced 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). The firm had revenue of $662.90 million during the quarter, compared to analysts’ expectations of $670.85 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 earnings per share. Analysts expect that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.57%. Energizer’s payout ratio is currently 164.38%.

Analyst Upgrades and Downgrades

ENR has been the subject of several research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a report on Thursday, January 30th. Canaccord Genuity Group reduced their price objective on Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, May 7th. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their price objective on Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Finally, Truist Financial reduced their price objective on Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $31.50.

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.