Profit Investment Management LLC Invests $2.24 Million in Energizer Holdings, Inc. (NYSE:ENR)

Profit Investment Management LLC acquired a new position in Energizer Holdings, Inc. (NYSE:ENR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 70,460 shares of the company’s stock, valued at approximately $2,238,000. Energizer makes up approximately 1.8% of Profit Investment Management LLC’s portfolio, making the stock its 18th largest position.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Energizer by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 9,378,622 shares of the company’s stock valued at $297,115,000 after buying an additional 79,940 shares during the period. LSV Asset Management grew its stake in shares of Energizer by 2.0% in the 2nd quarter. LSV Asset Management now owns 1,606,488 shares of the company’s stock valued at $47,456,000 after buying an additional 31,900 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Energizer by 5.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,309,920 shares of the company’s stock valued at $38,564,000 after buying an additional 71,595 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Energizer by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company’s stock valued at $29,651,000 after buying an additional 15,982 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Energizer by 38.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock valued at $25,778,000 after purchasing an additional 240,402 shares during the last quarter. 93.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ENR. Royal Bank of Canada reiterated a “sector perform” rating and set a $38.00 price target on shares of Energizer in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on Energizer from $29.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday. StockNews.com upgraded Energizer from a “hold” rating to a “buy” rating in a research note on Thursday, October 3rd. Barclays boosted their target price on Energizer from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Finally, Evercore ISI cut their target price on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $34.75.

Energizer Stock Performance

ENR stock traded up $0.22 during midday trading on Friday, reaching $31.25. 21,151 shares of the company’s stock traded hands, compared to its average volume of 570,536. The company has a 50-day moving average price of $30.36 and a two-hundred day moving average price of $29.60. The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99. Energizer Holdings, Inc. has a 52 week low of $26.92 and a 52 week high of $36.72. The firm has a market capitalization of $2.24 billion, a PE ratio of 223.66 and a beta of 1.04.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. The firm had revenue of $701.40 million during the quarter, compared to analyst estimates of $704.86 million. Energizer had a net margin of 0.35% and a return on equity of 137.24%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 EPS. As a group, equities analysts anticipate that Energizer Holdings, Inc. will post 3.27 EPS for the current year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 22nd were given a $0.30 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $1.20 annualized dividend and a yield of 3.84%. Energizer’s dividend payout ratio (DPR) is presently 857.20%.

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.