Inceptionr LLC Has $687,000 Position in Energizer Holdings, Inc. (NYSE:ENR)

Inceptionr LLC increased its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR) by 29.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,700 shares of the company’s stock after acquiring an additional 4,424 shares during the period. Inceptionr LLC’s holdings in Energizer were worth $687,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. US Bancorp DE boosted its position in Energizer by 1.6% in the third quarter. US Bancorp DE now owns 19,593 shares of the company’s stock valued at $622,000 after buying an additional 308 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Energizer in the third quarter valued at about $264,000. M&G PLC boosted its position in Energizer by 4.5% in the third quarter. M&G PLC now owns 248,008 shares of the company’s stock valued at $7,936,000 after buying an additional 10,671 shares in the last quarter. Principal Financial Group Inc. boosted its position in Energizer by 4.6% in the third quarter. Principal Financial Group Inc. now owns 861,755 shares of the company’s stock valued at $27,369,000 after buying an additional 37,713 shares in the last quarter. Finally, Atria Investments Inc boosted its position in Energizer by 73.5% in the third quarter. Atria Investments Inc now owns 14,052 shares of the company’s stock valued at $446,000 after buying an additional 5,952 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Energizer Trading Up 2.4 %

Shares of NYSE ENR opened at $31.00 on Friday. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. The company has a market cap of $2.24 billion, a PE ratio of 39.24 and a beta of 1.06. The company has a 50-day moving average of $33.07 and a two-hundred day moving average of $33.17. Energizer Holdings, Inc. has a 1-year low of $26.92 and a 1-year high of $39.51.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. The business had revenue of $731.70 million during the quarter, compared to the consensus estimate of $726.23 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. Energizer’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. As a group, equities analysts expect that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, February 20th. Energizer’s dividend payout ratio (DPR) is 151.90%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ENR. Barclays lowered shares of Energizer from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $34.00 to $36.00 in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reduced their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Morgan Stanley boosted their target price on shares of Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Canaccord Genuity Group boosted their target price on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a research note on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $38.38.

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.