Freestone Capital Holdings LLC Reduces Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Freestone Capital Holdings LLC lessened its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 14.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,258 shares of the company’s stock after selling 2,816 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Energizer Holdings were worth $781,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Energizer Holdings by 41.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 286,271 shares of the company’s stock worth $13,747,000 after purchasing an additional 83,900 shares during the period. Blue Rock Advisors LLC boosted its stake in shares of Energizer Holdings by 275.0% during the 2nd quarter. Blue Rock Advisors LLC now owns 30,000 shares of the company’s stock valued at $1,440,000 after buying an additional 22,000 shares during the period. Synovus Financial Corp boosted its stake in shares of Energizer Holdings by 1.7% during the 2nd quarter. Synovus Financial Corp now owns 4,978 shares of the company’s stock valued at $243,000 after buying an additional 85 shares during the period. State of Tennessee Treasury Department boosted its stake in shares of Energizer Holdings by 4.1% during the 2nd quarter. State of Tennessee Treasury Department now owns 189,100 shares of the company’s stock valued at $9,081,000 after buying an additional 7,459 shares during the period. Finally, Pinnacle Associates Ltd. boosted its stake in shares of Energizer Holdings by 12.4% during the 2nd quarter. Pinnacle Associates Ltd. now owns 39,668 shares of the company’s stock valued at $1,905,000 after buying an additional 4,391 shares during the period. Hedge funds and other institutional investors own 93.92% of the company’s stock.

In related news, CFO Timothy W. Gorman purchased 6,300 shares of Energizer Holdings stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average cost of $42.26 per share, for a total transaction of $266,238.00. Following the completion of the acquisition, the chief financial officer now directly owns 20,974 shares of the company’s stock, valued at $886,361.24. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert V. Vitale purchased 7,300 shares of Energizer Holdings stock in a transaction dated Friday, August 4th. The shares were bought at an average price of $41.61 per share, with a total value of $303,753.00. Following the completion of the acquisition, the director now directly owns 2,300 shares of the company’s stock, valued at $95,703. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 31,212 shares of company stock valued at $1,297,839. 1.73% of the stock is owned by corporate insiders.

A number of research analysts have recently weighed in on the stock. UBS AG restated a “neutral” rating and set a $47.00 price target (down previously from $49.00) on shares of Energizer Holdings in a report on Wednesday, August 9th. Jefferies Group LLC restated a “hold” rating and issued a $54.00 price target (down from $62.00) on shares of Energizer Holdings in a research report on Thursday, July 6th. Royal Bank Of Canada restated an “outperform” rating and issued a $60.00 price target on shares of Energizer Holdings in a research report on Wednesday, August 16th. KeyCorp upgraded shares of Energizer Holdings from a “sector weight” rating to an “overweight” rating and set a $55.00 target price on the stock in a research report on Tuesday, July 18th. Finally, Zacks Investment Research lowered shares of Energizer Holdings from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $53.88.

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Shares of Energizer Holdings, Inc. (NYSE ENR) opened at 45.75 on Friday. The firm’s 50-day moving average is $46.30 and its 200 day moving average is $46.30. Energizer Holdings, Inc. has a 52-week low of $41.97 and a 52-week high of $56.37. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 15.19 and a beta of 0.58.

Energizer Holdings (NYSE:ENR) last announced its earnings results on Wednesday, August 2nd. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $372.00 million during the quarter, compared to the consensus estimate of $390.88 million. Energizer Holdings had a return on equity of 529.84% and a net margin of 10.97%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 earnings per share. On average, equities research analysts anticipate that Energizer Holdings, Inc. will post $2.90 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Monday, August 21st were issued a $0.275 dividend. The ex-dividend date was Thursday, August 17th. This represents a $1.10 dividend on an annualized basis and a yield of 2.40%. Energizer Holdings’s dividend payout ratio (DPR) is 36.54%.

Energizer Holdings Company Profile

Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.

Institutional Ownership by Quarter for Energizer Holdings (NYSE:ENR)

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