Deutsche Bank AG Raises Position in Energizer Holdings, Inc. (NYSE:ENR)

Deutsche Bank AG lifted its stake in Energizer Holdings, Inc. (NYSE:ENR) by 48.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,460 shares of the company’s stock after buying an additional 22,145 shares during the period. Deutsche Bank AG owned approximately 0.09% of Energizer worth $2,354,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. LSV Asset Management lifted its stake in shares of Energizer by 6.7% in the fourth quarter. LSV Asset Management now owns 1,812,700 shares of the company’s stock worth $63,245,000 after acquiring an additional 114,600 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Energizer by 8.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company’s stock worth $35,695,000 after acquiring an additional 80,163 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Energizer by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,013,896 shares of the company’s stock worth $35,375,000 after acquiring an additional 30,185 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Energizer by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 965,310 shares of the company’s stock worth $33,680,000 after acquiring an additional 33,739 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Energizer by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 894,373 shares of the company’s stock worth $31,204,000 after acquiring an additional 32,618 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Insider Activity

In related news, CEO Mark Stephen Lavigne bought 4,000 shares of the stock in a transaction dated Friday, May 9th. The stock was bought at an average cost of $21.67 per share, with a total value of $86,680.00. Following the completion of the acquisition, the chief executive officer now owns 277,645 shares of the company’s stock, valued at $6,016,567.15. This trade represents a 1.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donal L. Mulligan acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average cost of $23.66 per share, with a total value of $236,600.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $236,600. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 25,000 shares of company stock valued at $578,140. 0.98% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ENR has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research note on Thursday, January 30th. Wall Street Zen cut Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Canaccord Genuity Group cut their price objective on Energizer from $31.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, May 7th. Barclays upped their price objective on Energizer from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, May 16th. Finally, Truist Financial cut their price objective on Energizer from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.63.

Energizer Stock Down 0.6%

NYSE:ENR opened at $22.82 on Friday. The firm has a market capitalization of $1.65 billion, a PE ratio of 28.89 and a beta of 0.77. The stock has a 50 day moving average of $26.58 and a 200-day moving average of $31.54. Energizer Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $39.52. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, May 6th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.01). The company had revenue of $662.90 million for the quarter, compared to the consensus estimate of $670.85 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. Analysts predict that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.26%. The ex-dividend date is Wednesday, May 21st. Energizer’s dividend payout ratio (DPR) is presently 164.38%.

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.