Connor Clark & Lunn Investment Management Ltd. Buys 69,435 Shares of Edgewell Personal Care Co (NYSE:EPC)

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Edgewell Personal Care Co (NYSE:EPC) by 411.2% in the third quarter, Holdings Channel reports. The fund owned 86,320 shares of the company’s stock after acquiring an additional 69,435 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Edgewell Personal Care were worth $3,137,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Clearstead Trust LLC bought a new stake in shares of Edgewell Personal Care during the second quarter valued at approximately $33,000. Prospera Private Wealth LLC acquired a new position in shares of Edgewell Personal Care during the 3rd quarter worth about $48,000. Acadian Asset Management LLC acquired a new stake in Edgewell Personal Care in the second quarter worth $53,000. Innealta Capital LLC acquired a new stake in Edgewell Personal Care during the 2nd quarter worth $76,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Edgewell Personal Care in the second quarter worth about $84,000. 91.91% of the stock is owned by institutional investors.

Edgewell Personal Care Trading Up 2.7 %

EPC stock opened at $35.97 on Monday. Edgewell Personal Care Co has a 52 week low of $33.27 and a 52 week high of $41.50. The company’s 50-day simple moving average is $35.41 and its 200 day simple moving average is $37.87. The company has a market capitalization of $1.75 billion, a PE ratio of 18.35 and a beta of 0.86. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.66.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. The firm had revenue of $517.60 million for the quarter, compared to analyst estimates of $535.23 million. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The company’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.72 EPS. As a group, sell-side analysts anticipate that Edgewell Personal Care Co will post 3.21 earnings per share for the current year.

Edgewell Personal Care Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.60 annualized dividend and a yield of 1.67%. Edgewell Personal Care’s dividend payout ratio is 30.61%.

Wall Street Analysts Forecast Growth

EPC has been the subject of several research reports. StockNews.com downgraded shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. UBS Group lowered their price target on Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Truist Financial lowered their price target on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Barclays dropped their price target on Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Edgewell Personal Care has an average rating of “Moderate Buy” and a consensus price target of $42.40.

Edgewell Personal Care Profile

Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.