Energizer Holdings, Inc. (NYSE:ENR) Stake Lessened by Fmr LLC

FMR LLC reduced its stake in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 12.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,267,669 shares of the company's stock after selling 717,780 shares during the period. FMR LLC owned 7.34% of Energizer worth $167,301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ENR. Clarkston Capital Partners LLC raised its holdings in shares of Energizer by 12.6% during 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. LSV Asset Management raised its stake in Energizer by 2.0% during the second quarter. LSV Asset Management now owns 1,606,488 shares of the company's stock worth $47,456,000 after purchasing an additional 31,900 shares during the period. Bank of New York Mellon Corp raised its stake in Energizer by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company's stock worth $29,651,000 after purchasing an additional 15,982 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Energizer by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company's stock valued at $29,587,000 after acquiring an additional 19,836 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Energizer by 38.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company's stock valued at $25,778,000 after acquiring an additional 240,402 shares during the period. 93.74% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Robin Vauth sold 1,978 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total value 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 represents a 25.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the sale, the vice president now directly owns 4,635 shares in the company, valued at approximately $178,401.15. The trade was a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,860 shares of company stock worth $334,694 in the last 90 days. 0.77% of the stock is currently owned by corporate insiders.

Energizer Stock Performance

Energizer stock traded up $0.32 during trading hours on Wednesday, reaching $39.04. 321,818 shares of the stock were exchanged, compared to its average volume of 575,338. The stock has a market cap of $2.81 billion, a P/E ratio of 75.08 and a beta of 1.06. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.00 and a current ratio of 1.80. Energizer Holdings, Inc. has a 52-week low of $26.92 and a 52-week high of $39.51. The firm's 50 day moving average is $33.85 and its 200 day moving average is $31.16.

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 given 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 3.07%. Energizer's payout ratio is currently 230.77%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ENR. JPMorgan Chase & Co. upgraded shares of Energizer from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $32.00 to $39.00 in a report on Wednesday, November 20th. StockNews.com cut shares of Energizer from a "buy" rating to a "hold" rating in a report on Wednesday. Royal Bank of Canada reiterated a "sector perform" rating and set a $38.00 price target on shares of Energizer in a report on Wednesday, August 7th. Evercore ISI lowered their price target on shares of Energizer from $42.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, August 7th. Finally, Truist Financial boosted their price target on shares of Energizer from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $37.63.

Energizer 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.