Dynamic Technology Lab Private Ltd Makes New Investment in Edgewell Personal Care Co (NYSE:EPC)

Dynamic Technology Lab Private Ltd purchased a new stake in Edgewell Personal Care Co (NYSE:EPC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 9,253 shares of the company’s stock, valued at approximately $337,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Edgewell Personal Care by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 778,689 shares of the company’s stock valued at $28,298,000 after acquiring an additional 22,209 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Edgewell Personal Care in the third quarter valued at $639,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Edgewell Personal Care by 411.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,320 shares of the company’s stock valued at $3,137,000 after purchasing an additional 69,435 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of Edgewell Personal Care during the 3rd quarter worth $1,843,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Edgewell Personal Care during the 3rd quarter worth about $48,000. Institutional investors and hedge funds own 91.91% of the company’s stock.

Edgewell Personal Care Price Performance

Edgewell Personal Care stock opened at $36.58 on Friday. The company’s 50 day moving average is $35.43 and its two-hundred day moving average is $37.79. The firm has a market cap of $1.78 billion, a PE ratio of 18.66 and a beta of 0.86. The company has a quick ratio of 0.81, a current ratio of 1.66 and a debt-to-equity ratio of 0.80. Edgewell Personal Care Co has a 52-week low of $33.27 and a 52-week high of $41.50.

Edgewell Personal Care (NYSE:EPC) last released its earnings results on Thursday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The firm had revenue of $517.60 million during the quarter, compared to analyst estimates of $535.23 million. During the same period last year, the business posted $0.72 earnings per share. Edgewell Personal Care’s revenue was down 3.1% compared to the same quarter last year. On average, research analysts expect that Edgewell Personal Care Co will post 3.21 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.64%. Edgewell Personal Care’s payout ratio is 30.61%.

Analysts Set New Price Targets

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