Cwm LLC Sells 729 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Cwm LLC decreased its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 20.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,824 shares of the company’s stock after selling 729 shares during the period. Cwm LLC’s holdings in Energizer were worth $84,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its holdings in shares of Energizer by 1.5% in the first quarter. Principal Financial Group Inc. now owns 907,826 shares of the company’s stock worth $27,162,000 after buying an additional 13,453 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Energizer by 17.7% in the fourth quarter. Nuveen Asset Management LLC now owns 303,549 shares of the company’s stock worth $10,591,000 after purchasing an additional 45,638 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Energizer during the fourth quarter valued at $4,701,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Energizer by 18.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,876 shares of the company’s stock worth $5,718,000 after buying an additional 25,105 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Energizer by 2,354.4% in the 1st quarter. GAMMA Investing LLC now owns 18,850 shares of the company’s stock worth $564,000 after acquiring an additional 18,082 shares during the last quarter. Institutional investors own 93.74% of the company’s stock.

Energizer Stock Performance

NYSE:ENR opened at $22.47 on Friday. The company has a debt-to-equity ratio of 23.56, a quick ratio of 0.86 and a current ratio of 1.86. Energizer Holdings, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $39.51. The firm has a market cap of $1.62 billion, a PE ratio of 30.79 and a beta of 0.63. The business has a 50 day moving average price of $22.00 and a 200-day moving average price of $26.72.

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

Energizer Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Thursday, August 21st will be issued a $0.30 dividend. The ex-dividend date is Thursday, August 21st. This represents a $1.20 annualized dividend and a yield of 5.3%. Energizer’s dividend payout ratio (DPR) is 164.38%.

Insiders Place Their Bets

In other Energizer news, Director Donal L. Mulligan acquired 10,000 shares of the business’s stock in a transaction dated Monday, May 19th. The shares were purchased at an average cost of $23.66 per share, for a total transaction of $236,600.00. Following the transaction, the director owned 10,000 shares in the company, valued at $236,600. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick J. Moore bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average price of $23.10 per share, with a total value of $231,000.00. Following the acquisition, the director owned 15,000 shares of the company’s stock, valued at $346,500. This represents a 200.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 25,000 shares of company stock worth $578,140. 0.98% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ENR shares. JPMorgan Chase & Co. lifted their price target on Energizer from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Canaccord Genuity Group cut their target price on shares of Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, May 7th. UBS Group dropped their price target on Energizer from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, July 17th. Truist Financial decreased their price objective on Energizer from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Finally, Barclays cut their target price on Energizer from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 15th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Energizer currently has a consensus rating of “Hold” and a consensus price target of $30.75.

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.