Tower Research Capital LLC TRC Reduces Stake in Energizer Holdings, Inc. (NYSE:ENR)

Tower Research Capital LLC TRC lessened its stake in shares of Energizer Holdings, Inc. (NYSE:ENR – Get Rating) by 76.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,944 shares of the company’s stock after selling 26,453 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Energizer were worth $200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ENR. UBS Group AG boosted its position in shares of Energizer by 48.3% in the third quarter. UBS Group AG now owns 231,459 shares of the company’s stock valued at $5,819,000 after acquiring an additional 75,349 shares during the period. Bessemer Group Inc. purchased a new position in shares of Energizer during the 3rd quarter valued at $54,000. Amalgamated Bank increased its holdings in shares of Energizer by 3.2% in the third quarter. Amalgamated Bank now owns 46,139 shares of the company’s stock worth $1,160,000 after purchasing an additional 1,417 shares during the period. South Dakota Investment Council increased its holdings in shares of Energizer by 17.1% in the third quarter. South Dakota Investment Council now owns 61,519 shares of the company’s stock worth $1,547,000 after purchasing an additional 9,000 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in Energizer by 4.3% during the third quarter. New York State Common Retirement Fund now owns 68,054 shares of the company’s stock valued at $1,711,000 after buying an additional 2,831 shares during the period. 88.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ENR. Barclays upped their target price on Energizer from $41.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 7th. JPMorgan Chase & Co. lifted their target price on shares of Energizer from $30.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, January 13th. TheStreet raised shares of Energizer from a “d+” rating to a “c” rating in a report on Monday, February 6th. Morgan Stanley upped their target price on shares of Energizer from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 16th. Finally, Canaccord Genuity Group dropped their price target on Energizer from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Tuesday, February 7th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $36.00.

Energizer Trading Down 5.5 %

Shares of ENR opened at $35.34 on Tuesday. The stock has a market capitalization of $2.52 billion, a P/E ratio of -10.36 and a beta of 0.99. Energizer Holdings, Inc. has a twelve month low of $24.81 and a twelve month high of $37.89. The company has a quick ratio of 1.22, a current ratio of 2.30 and a debt-to-equity ratio of 26.81. The firm has a fifty day simple moving average of $35.98 and a two-hundred day simple moving average of $31.98.

Energizer (NYSE:ENR – Get Rating) last posted its earnings results on Monday, February 6th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.04). Energizer had a positive return on equity of 65.15% and a negative net margin of 8.17%. The business had revenue of $765.10 million during the quarter, compared to the consensus estimate of $785.95 million. During the same period in the previous year, the business earned $1.03 earnings per share. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, research analysts anticipate that Energizer Holdings, Inc. will post 3.13 EPS for the current year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 16th. Shareholders of record on Tuesday, February 21st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Friday, February 17th. Energizer’s payout ratio is currently -35.19%.

Energizer Company Profile

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Energizer Holdings, Inc engages in the manufacturing, marketing, and distribution of household batteries, specialty batteries, and lighting products. The firm is also involved in designing and marketing automotive appearance, performance, refrigerant, and freshener products. It operates under the Battery and Lights, and Auto Care segments.