Commerce Bank Cuts Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Commerce Bank lessened its stake in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 35.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 173,632 shares of the company's stock after selling 96,982 shares during the quarter. Commerce Bank owned approximately 0.24% of Energizer worth $5,515,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Prospera Private Wealth LLC purchased a new position in shares of Energizer during the third quarter valued at about $42,000. Avior Wealth Management LLC raised its holdings in shares of Energizer by 22.4% during the 3rd quarter. Avior Wealth Management LLC now owns 2,058 shares of the company's stock worth $65,000 after acquiring an additional 376 shares in the last quarter. Quest Partners LLC bought a new position in shares of Energizer during the 3rd quarter valued at approximately $587,000. Clarkston Capital Partners LLC increased its position in Energizer by 12.6% in the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company's stock worth $151,660,000 after purchasing an additional 533,831 shares during the last quarter. Finally, Chesapeake Capital Corp IL purchased a new stake in Energizer during the third quarter valued at $427,000. 93.74% of the stock is owned by hedge funds and other institutional investors.

Energizer Stock Up 1.3 %

ENR stock traded up $0.49 on Friday, hitting $38.58. 280,893 shares of the company's stock were exchanged, compared to its average volume of 574,802. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.01 and a current ratio of 1.80. The stock has a market cap of $2.77 billion, a P/E ratio of 73.08 and a beta of 1.04. The firm has a 50 day moving average price of $32.17 and a two-hundred day moving average price of $30.62. Energizer Holdings, Inc. has a 12-month low of $26.92 and a 12-month high of $39.21.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a yield of 3.11%. Energizer's payout ratio is 230.77%.

Insider Transactions at Energizer

In other Energizer news, EVP Robin Vauth sold 1,978 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total transaction of $71,148.66. Following the sale, the executive vice president now directly owns 5,758 shares of the company's stock, valued at approximately $207,115.26. This trade represents a 25.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.77% of the company's stock.

Analyst Ratings Changes

ENR has been the subject of a number of recent research reports. Evercore ISI dropped their price objective on shares of Energizer from $42.00 to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, August 7th. JPMorgan Chase & Co. upgraded Energizer from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $32.00 to $39.00 in a research report on Wednesday. Truist Financial upped their price target on shares of Energizer from $40.00 to $45.00 and gave the company a "buy" rating in a report on Wednesday. StockNews.com lowered Energizer from a "buy" rating to a "hold" rating in a research report on Monday, October 14th. Finally, Morgan Stanley boosted their price objective on Energizer from $33.00 to $36.00 and gave the company an "equal weight" rating in a report on Wednesday. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $37.63.

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.