Energizer Holdings, Inc. (NYSE:ENR) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in Energizer Holdings, Inc. (NYSE:ENR) by 4.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 861,755 shares of the company’s stock after purchasing an additional 37,713 shares during the period. Principal Financial Group Inc.’s holdings in Energizer were worth $27,369,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Neo Ivy Capital Management acquired a new position in shares of Energizer in the third quarter valued at approximately $30,000. Clearstead Trust LLC grew its position in Energizer by 307.1% in the 2nd quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock valued at $32,000 after buying an additional 820 shares during the last quarter. Quarry LP acquired a new position in Energizer in the 3rd quarter valued at $39,000. Prospera Private Wealth LLC purchased a new position in Energizer during the 3rd quarter worth $42,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Energizer in the 2nd quarter worth $65,000. 93.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Barclays lowered shares of Energizer from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $34.00 to $36.00 in a research note on Wednesday, November 20th. Morgan Stanley boosted their target price on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Canaccord Genuity Group raised their price target on Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. raised Energizer from an “underweight” rating to a “neutral” rating and raised their target price for the company from $32.00 to $39.00 in a report on Wednesday, November 20th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $37.63.

Energizer Stock Up 1.7 %

ENR opened at $35.59 on Wednesday. Energizer Holdings, Inc. has a one year low of $26.92 and a one year high of $39.51. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 68.44 and a beta of 1.06. The business’s fifty day moving average is $35.26 and its two-hundred day moving average is $31.94. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.00 and a current ratio of 1.80.

Energizer Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $0.30 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a yield of 3.37%. Energizer’s payout ratio is 230.77%.

Insider Buying and Selling at Energizer

In other news, EVP Robin Vauth sold 4,070 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total value of $155,311.20. Following the sale, the executive vice president now directly owns 9,827 shares in the company, valued at $374,998.32. This represents a 29.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total value of $108,233.88. Following the sale, the vice president now directly owns 4,635 shares in the company, valued at approximately $178,401.15. The trade was a 37.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,860 shares of company stock worth $334,694. 0.98% of the stock is owned by corporate insiders.

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.