Raymond James Financial Inc. Buys Shares of 335,844 Energizer Holdings, Inc. (NYSE:ENR)

Raymond James Financial Inc. bought a new stake in shares of Energizer Holdings, Inc. (NYSE:ENR) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 335,844 shares of the company’s stock, valued at approximately $11,718,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in Energizer by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares during the last quarter. Avior Wealth Management LLC increased its stake in Energizer by 22.4% during the third quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock valued at $65,000 after purchasing an additional 376 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Energizer by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company’s stock valued at $335,000 after purchasing an additional 392 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Energizer by 5.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 10,226 shares of the company’s stock valued at $357,000 after acquiring an additional 485 shares during the period. Finally, SkyView Investment Advisors LLC boosted its holdings in shares of Energizer by 2.9% during the third quarter. SkyView Investment Advisors LLC now owns 18,353 shares of the company’s stock valued at $583,000 after acquiring an additional 513 shares during the period. Institutional investors own 93.74% of the company’s stock.

Wall Street Analysts Forecast Growth

ENR has been the subject of several analyst reports. UBS Group reduced their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $38.00 price target on shares of Energizer in a report on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Energizer presently has a consensus rating of “Hold” and an average target price of $38.38.

Energizer Price Performance

Shares of Energizer stock opened at $29.83 on Friday. The company’s 50-day moving average price is $32.11 and its two-hundred day moving average price is $33.12. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. The stock has a market cap of $2.15 billion, a PE ratio of 37.75 and a beta of 1.09. Energizer Holdings, Inc. has a 52 week low of $26.92 and a 52 week high of $39.52.

Energizer (NYSE:ENR) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. The firm had revenue of $731.70 million for the quarter, compared to the consensus estimate of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 EPS. As a group, sell-side analysts anticipate that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 4.02%. Energizer’s payout ratio is 151.90%.

Energizer 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.