Brandywine Global Investment Management LLC Buys Shares of 220,272 Energizer Holdings, Inc. (NYSE:ENR)

Brandywine Global Investment Management LLC purchased a new position in shares of Energizer Holdings, Inc. (NYSE:ENR) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 220,272 shares of the company’s stock, valued at approximately $7,685,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Inspire Investing LLC lifted its holdings in Energizer by 166.3% during the 4th quarter. Inspire Investing LLC now owns 34,692 shares of the company’s stock worth $1,210,000 after buying an additional 21,667 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Energizer by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock valued at $29,587,000 after acquiring an additional 19,836 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Energizer in the third quarter valued at $584,000. Vista Investment Partners LLC acquired a new position in Energizer during the 4th quarter worth $553,000. Finally, Cerity Partners LLC increased its holdings in Energizer by 23.0% during the 3rd quarter. Cerity Partners LLC now owns 74,081 shares of the company’s stock worth $2,353,000 after purchasing an additional 13,876 shares during the period. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Energizer Stock Up 0.8 %

ENR opened at $29.91 on Tuesday. Energizer Holdings, Inc. has a one year low of $26.92 and a one year high of $39.52. 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 has a market capitalization of $2.16 billion, a P/E ratio of 37.86 and a beta of 1.09. The business’s 50-day simple moving average is $31.35 and its 200-day simple moving average is $33.11.

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

Energizer Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Thursday, February 20th. Energizer’s payout ratio is currently 151.90%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Barclays lowered their price target on shares of Energizer from $36.00 to $32.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. UBS Group reduced their price objective on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $38.00 target price on shares of Energizer in a research note on Thursday, January 30th. Finally, StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.88.

About Energizer

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.