Bank of New York Mellon Corp Cuts Stock Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Bank of New York Mellon Corp trimmed its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 4.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 978,687 shares of the company’s stock after selling 44,396 shares during the period. Bank of New York Mellon Corp owned 1.36% of Energizer worth $29,282,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. CX Institutional bought a new position in Energizer during the first quarter valued at $33,000. Public Employees Retirement System of Ohio bought a new position in Energizer during the fourth quarter valued at $43,000. Curat Global LLC bought a new position in Energizer during the first quarter valued at $53,000. Central Pacific Bank Trust Division lifted its position in Energizer by 29.4% during the first quarter. Central Pacific Bank Trust Division now owns 2,200 shares of the company’s stock valued at $66,000 after purchasing an additional 500 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Energizer by 21.6% in the 4th quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company’s stock worth $71,000 after acquiring an additional 360 shares during the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ENR has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, April 11th. UBS Group decreased their price objective on shares of Energizer from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Barclays decreased their price objective on shares of Energizer from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday. Truist Financial decreased their price objective on shares of Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Finally, Canaccord Genuity Group decreased their price objective on shares of Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.38.

Insider Activity at Energizer

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

Energizer Stock Up 1.0%

Shares of NYSE:ENR opened at $21.82 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 23.56. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 29.88 and a beta of 0.63. The firm’s 50 day moving average price is $21.92 and its 200 day moving average price is $27.60. Energizer Holdings, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $39.52.

Energizer (NYSE:ENR) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). Energizer had a net margin of 1.87% and a return on equity of 184.22%. The firm had revenue of $662.90 million during the quarter, compared to analysts’ expectations of $670.85 million. During the same quarter last year, the business earned $0.72 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities research analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.50%. The ex-dividend date was Wednesday, May 21st. Energizer’s payout ratio is 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.