Energizer Holdings, Inc. (NYSE:ENR) Shares Sold by Sasco Capital Inc. CT

Sasco Capital Inc. CT trimmed its position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 14.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 659,900 shares of the company's stock after selling 109,080 shares during the period. Energizer accounts for about 3.1% of Sasco Capital Inc. CT's investment portfolio, making the stock its 14th biggest holding. Sasco Capital Inc. CT owned about 0.92% of Energizer worth $20,958,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC bought a new stake in Energizer during the third quarter valued at $587,000. Clarkston Capital Partners LLC boosted its holdings in shares of Energizer by 12.6% in the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company's stock valued at $151,660,000 after buying an additional 533,831 shares during the period. Chesapeake Capital Corp IL bought a new stake in shares of Energizer during the 3rd quarter valued at about $427,000. Seizert Capital Partners LLC lifted its holdings in Energizer by 29.0% in the third quarter. Seizert Capital Partners LLC now owns 181,773 shares of the company's stock worth $5,773,000 after acquiring an additional 40,891 shares during the last quarter. Finally, Natixis Advisors LLC bought a new position in Energizer in the third quarter worth about $332,000. 93.74% of the stock is owned by institutional investors.

Energizer Price Performance

Shares of NYSE:ENR traded up $3.10 during trading on Tuesday, reaching $37.25. The company had a trading volume of 2,382,144 shares, compared to its average volume of 572,372. The firm's fifty day moving average is $31.81 and its 200 day moving average is $30.52. The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99. The firm has a market capitalization of $2.67 billion, a PE ratio of 266.09 and a beta of 1.04. Energizer Holdings, Inc. has a twelve month low of $26.92 and a twelve month high of $39.21.

Energizer Announces Dividend

The company 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. This represents a $1.20 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Wednesday, November 27th. Energizer's payout ratio is currently 857.20%.

Analyst Ratings Changes

A number of analysts have recently weighed in on ENR shares. Royal Bank of Canada reiterated a "sector perform" rating and set a $38.00 price target on shares of Energizer in a research report on Wednesday, August 7th. StockNews.com cut Energizer from a "buy" rating to a "hold" rating in a research note on Monday, October 14th. Truist Financial upgraded shares of Energizer from a "hold" rating to a "buy" rating and upped their price target for the stock from $30.00 to $40.00 in a research report on Tuesday, August 27th. JPMorgan Chase & Co. lifted their price objective on shares of Energizer from $29.00 to $32.00 and gave the company an "underweight" rating in a research report on Friday, October 11th. Finally, Evercore ISI dropped their price target on shares of Energizer from $42.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $35.00.

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.