Ironwood Investment Counsel LLC Sells 475 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Ironwood Investment Counsel LLC decreased its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 6.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,000 shares of the company’s stock after selling 475 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Energizer were worth $244,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in shares of Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Energizer during the 3rd quarter valued at about $30,000. Quarry LP acquired a new stake in shares of Energizer during the 3rd quarter valued at about $39,000. Prospera Private Wealth LLC acquired a new stake in shares of Energizer during the 3rd quarter valued at about $42,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Energizer by 94.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock valued at $54,000 after acquiring an additional 753 shares in the last quarter. Institutional investors own 93.74% of the company’s stock.

Energizer Price Performance

Shares of ENR stock opened at $29.97 on Friday. Energizer Holdings, Inc. has a 1 year low of $26.92 and a 1 year high of $39.51. The firm’s 50 day moving average is $32.61 and its 200-day moving average is $33.19. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 37.93 and a beta of 1.09. 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 announced its earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The company had revenue of $731.70 million for the quarter, compared to analyst estimates of $726.23 million. During the same period in the prior year, the business earned $0.59 earnings per share. Energizer’s quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts forecast that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 20th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Thursday, February 20th. Energizer’s dividend payout ratio (DPR) is 151.90%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ENR shares. UBS Group decreased their target price on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Morgan Stanley lifted their target price on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Royal Bank of Canada restated a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research report on Thursday, January 30th. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, Canaccord Genuity Group boosted their price target on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Energizer presently has an average rating of “Hold” and an average price target of $38.38.

Energizer Company Profile

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.