Gamco Investors INC. ET AL Sells 80,517 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Gamco Investors INC. ET AL decreased its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,381,339 shares of the company’s stock after selling 80,517 shares during the period. Gamco Investors INC. ET AL’s holdings in Energizer were worth $48,195,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in shares of Energizer by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after purchasing an additional 356 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Energizer by 94.0% in 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. Central Pacific Bank Trust Division raised its stake in Energizer by 750.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock valued at $59,000 after purchasing an additional 1,500 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Energizer by 21.6% during the 4th quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company’s stock valued at $71,000 after buying an additional 360 shares in the last quarter. Finally, R Squared Ltd bought a new position in Energizer during the 4th quarter worth approximately $82,000. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Energizer Trading Up 0.2 %

Shares of NYSE:ENR opened at $26.67 on Tuesday. Energizer Holdings, Inc. has a 52-week low of $25.42 and a 52-week high of $39.52. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 33.76 and a beta of 0.92. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80. The stock’s 50-day simple moving average is $29.82 and its two-hundred day simple moving average is $32.92.

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

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.50%. Energizer’s payout ratio is currently 151.90%.

Wall Street Analyst Weigh In

Several research firms have weighed in on ENR. StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. UBS Group lowered their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Barclays lowered their price target on shares of Energizer from $32.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday. JPMorgan Chase & Co. cut their target price on Energizer from $36.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research report on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $36.25.

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.