Connor Clark & Lunn Investment Management Ltd. Has $1.52 Million Stake in Energizer Holdings, Inc. (NYSE:ENR)

Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 54.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,695 shares of the company's stock after selling 57,419 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.07% of Energizer worth $1,515,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ENR. Clarkston Capital Partners LLC boosted its position in Energizer by 12.6% during the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company's stock valued at $151,660,000 after purchasing an additional 533,831 shares during the last quarter. Victory Capital Management Inc. increased its position in Energizer by 192.5% during the second quarter. Victory Capital Management Inc. now owns 372,697 shares of the company's stock worth $11,009,000 after buying an additional 245,285 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Energizer by 38.0% in the second quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company's stock valued at $25,778,000 after buying an additional 240,402 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Energizer by 155.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 129,567 shares of the company's stock valued at $3,827,000 after buying an additional 78,895 shares during the last quarter. Finally, Profit Investment Management LLC bought a new position in shares of Energizer during the 3rd quarter worth approximately $2,238,000. 93.74% of the stock is currently owned by institutional investors.

Energizer Price Performance

NYSE ENR traded up $0.13 during midday trading on Wednesday, hitting $38.26. The company had a trading volume of 500,672 shares, compared to its average volume of 576,069. The firm has a 50-day moving average price of $32.74 and a 200-day moving average price of $30.82. The company has a market capitalization of $2.75 billion, a PE ratio of 73.91 and a beta of 1.04. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51. Energizer Holdings, Inc. has a twelve month low of $26.92 and a twelve month high of $39.21.

Energizer Dividend Announcement

The company also recently disclosed 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 of this dividend is Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a yield of 3.14%. Energizer's payout ratio is 230.77%.

Insider Buying and Selling at Energizer

In other Energizer news, VP Sara B. Hampton sold 2,812 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the transaction, the vice president now owns 4,635 shares of the company's stock, valued at approximately $178,401.15. The trade was a 37.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robin Vauth sold 1,978 shares of the company's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total transaction of $71,148.66. Following the transaction, the executive vice president now owns 5,758 shares of the company's stock, valued at $207,115.26. This trade represents a 25.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,860 shares of company stock valued at $334,694 in the last ninety days. 0.77% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Canaccord Genuity Group lifted their price objective on shares of Energizer from $32.00 to $36.00 and gave the stock a "hold" rating in a research report on Wednesday, November 20th. StockNews.com raised shares of Energizer from a "hold" rating to a "buy" rating in a report on Tuesday. Truist Financial raised their price objective on shares of Energizer from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $38.00 target price on shares of Energizer in a research report on Wednesday, August 7th. Finally, Evercore ISI reduced their price target on Energizer from $42.00 to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $37.63.

About Energizer

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.