Ironwood Investment Counsel LLC Purchases New Stake in Energizer Holdings, Inc. (NYSE:ENR)

Ironwood Investment Counsel LLC purchased a new stake in Energizer Holdings, Inc. (NYSE:ENR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,350 shares of the company’s stock, valued at approximately $216,000.

Other hedge funds have also bought and sold shares of the company. Central Pacific Bank Trust Division bought a new position in Energizer during the 1st quarter valued at $64,000. Quadrant Capital Group LLC lifted its stake in Energizer by 35.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,738 shares of the company’s stock valued at $118,000 after acquiring an additional 987 shares in the last quarter. SG Americas Securities LLC lifted its stake in Energizer by 27.7% during the 1st quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock valued at $125,000 after acquiring an additional 919 shares in the last quarter. Everence Capital Management Inc. bought a new position in Energizer during the 4th quarter valued at $215,000. Finally, TI Trust Inc. bought a new position in Energizer during the 1st quarter valued at $225,000. Institutional investors and hedge funds own 93.74% of the company’s stock.

Energizer Stock Performance

Energizer stock traded down $0.05 during midday trading on Monday, reaching $30.35. The stock had a trading volume of 407,261 shares, compared to its average volume of 515,696. Energizer Holdings, Inc. has a 12 month low of $26.92 and a 12 month high of $37.32. The firm’s 50-day moving average price is $29.35 and its 200 day moving average price is $29.55. The firm has a market capitalization of $2.18 billion, a PE ratio of 25.50 and a beta of 1.05. The company has a quick ratio of 1.04, a current ratio of 2.03 and a debt-to-equity ratio of 16.86.

Energizer (NYSE:ENR) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The business had revenue of $663.30 million for the quarter, compared to analysts’ expectations of $664.10 million. Energizer had a return on equity of 119.16% and a net margin of 2.97%. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 EPS. As a group, research analysts predict that Energizer Holdings, Inc. will post 3.21 earnings per share for the current fiscal year.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend was Tuesday, May 21st. Energizer’s payout ratio is presently 100.84%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ENR. Morgan Stanley upgraded Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 target price on the stock in a research note on Wednesday, May 8th. Barclays lifted their target price on Energizer from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday. UBS Group lifted their target price on Energizer from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. lowered their target price on Energizer from $29.00 to $28.00 and set an “underweight” rating on the stock in a research note on Monday. Finally, Truist Financial lowered their target price on Energizer from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $32.00.

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.