Energizer Holdings Inc (ENR) Position Reduced by Commerce Bank

Commerce Bank lessened its position in Energizer Holdings Inc (NYSE:ENR) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 241,531 shares of the company’s stock after selling 5,477 shares during the quarter. Commerce Bank’s holdings in Energizer were worth $10,852,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Teachers Advisors LLC raised its stake in Energizer by 7.4% in the third quarter. Teachers Advisors LLC now owns 198,999 shares of the company’s stock valued at $11,671,000 after buying an additional 13,688 shares during the last quarter. Eukles Asset Management purchased a new stake in Energizer in the fourth quarter valued at about $98,000. Bank of Montreal Can raised its stake in Energizer by 167.0% in the fourth quarter. Bank of Montreal Can now owns 209,984 shares of the company’s stock valued at $9,482,000 after buying an additional 131,349 shares during the last quarter. Landmark Bank raised its stake in Energizer by 12.1% in the fourth quarter. Landmark Bank now owns 50,539 shares of the company’s stock valued at $2,282,000 after buying an additional 5,447 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in Energizer by 13.5% in the fourth quarter. Fisher Asset Management LLC now owns 142,822 shares of the company’s stock valued at $6,448,000 after buying an additional 16,981 shares during the last quarter. Hedge funds and other institutional investors own 84.68% of the company’s stock.

Shares of ENR stock opened at $45.79 on Thursday. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 5.51. The stock has a market capitalization of $3.18 billion, a PE ratio of 14.18, a PEG ratio of 5.40 and a beta of 0.50. Energizer Holdings Inc has a fifty-two week low of $41.88 and a fifty-two week high of $65.57.

Energizer (NYSE:ENR) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $556.40 million during the quarter, compared to analyst estimates of $565.61 million. Energizer had a net margin of 1.15% and a return on equity of 102.03%. The firm’s revenue for the quarter was up 48.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. Research analysts anticipate that Energizer Holdings Inc will post 2.93 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Tuesday, May 21st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Monday, May 20th. Energizer’s dividend payout ratio is presently 35.61%.

A number of equities research analysts have commented on ENR shares. TheStreet upgraded Energizer from a “c+” rating to a “b-” rating in a research note on Tuesday, April 23rd. Barclays reiterated a “buy” rating and issued a $54.00 price target on shares of Energizer in a research note on Sunday, March 3rd. Zacks Investment Research upgraded Energizer from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Evercore ISI started coverage on Energizer in a research note on Tuesday, February 12th. They issued an “outperform” rating and a $55.00 price target for the company. Finally, Citigroup decreased their price target on Energizer from $52.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. Energizer presently has an average rating of “Hold” and a consensus price target of $58.75.

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Energizer Company Profile

Energizer Holdings, Inc manufacturers and markets batteries and lighting products. The company’s products include household batteries, specialty batteries, and portable lighting. Energizer Holdings was founded in 2000 and is headquartered in St. Louis, MO.

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Institutional Ownership by Quarter for Energizer (NYSE:ENR)

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