Energizer Holdings, Inc. (NYSE:ENR) Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC lessened its stake in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,077,205 shares of the company's stock after selling 697,972 shares during the quarter. Energizer makes up approximately 2.7% of Clarkston Capital Partners LLC's holdings, making the stock its 13th biggest holding. Clarkston Capital Partners LLC owned about 5.65% of Energizer worth $142,254,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in Energizer by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company's stock valued at $27,000 after buying an additional 356 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Energizer in the 3rd quarter valued at approximately $30,000. Quarry LP acquired a new stake in shares of Energizer during the 3rd quarter valued at approximately $39,000. Smartleaf Asset Management LLC boosted its holdings in Energizer by 94.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company's stock worth $54,000 after purchasing an additional 753 shares during the period. Finally, Central Pacific Bank Trust Division increased its stake in Energizer by 750.0% during 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 during the last quarter. Institutional investors own 93.74% of the company's stock.

Energizer Stock Performance

ENR traded down $0.42 during trading hours on Friday, hitting $26.07. The company's stock had a trading volume of 245,679 shares, compared to its average volume of 599,644. The company has a 50-day simple moving average of $30.05 and a 200 day simple moving average of $32.96. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. The firm has a market capitalization of $1.88 billion, a PE ratio of 33.02 and a beta of 0.92. Energizer Holdings, Inc. has a fifty-two week low of $25.42 and a fifty-two week high of $39.52.

Energizer (NYSE:ENR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.03. The company had revenue of $731.70 million for the quarter, compared to analyst estimates of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. As a group, sell-side analysts expect that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 20th were paid a dividend of $0.30 per share. 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 4.60%. Energizer's dividend payout ratio is presently 151.90%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of Energizer from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Barclays cut their target price on shares of Energizer from $36.00 to $32.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $38.00 target price on shares of Energizer in a report on Thursday, January 30th. JPMorgan Chase & Co. cut their price target on Energizer from $36.00 to $30.00 and set a "neutral" rating on the stock in a report on Friday. Finally, StockNews.com lowered Energizer from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $36.88.

Energizer Company Profile

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.