Zacks Investment Management Makes New $3.91 Million Investment in Energizer Holdings, Inc. (NYSE:ENR)

Zacks Investment Management acquired a new position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 123,120 shares of the company's stock, valued at approximately $3,910,000. Zacks Investment Management owned about 0.17% of Energizer at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clarkston Capital Partners LLC increased its position 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 valued at $151,660,000 after acquiring an additional 533,831 shares during the last quarter. LSV Asset Management increased its holdings in Energizer by 2.0% in the 2nd quarter. LSV Asset Management now owns 1,606,488 shares of the company's stock valued at $47,456,000 after purchasing an additional 31,900 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Energizer by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company's stock valued at $29,651,000 after purchasing an additional 15,982 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Energizer by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company's stock valued at $29,587,000 after purchasing an additional 19,836 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Energizer by 38.0% during the second quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company's stock worth $25,778,000 after purchasing an additional 240,402 shares in the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ENR shares. Canaccord Genuity Group lifted their price objective on Energizer from $32.00 to $36.00 and gave the company a "hold" rating in a research note on Wednesday, November 20th. Barclays downgraded Energizer from an "overweight" rating to an "equal weight" rating and lifted their target price for the company from $34.00 to $36.00 in a research report on Wednesday, November 20th. StockNews.com cut shares of Energizer from a "buy" rating to a "hold" rating in a research report on Wednesday, December 4th. Morgan Stanley raised their price objective on shares of Energizer from $33.00 to $36.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 20th. Finally, Truist Financial upped their target price on shares of Energizer from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $37.63.

Insider Activity at Energizer

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

Energizer Stock Up 0.5 %

NYSE:ENR traded up $0.18 during mid-day trading on Monday, hitting $38.06. The stock had a trading volume of 449,185 shares, compared to its average volume of 572,315. Energizer Holdings, Inc. has a twelve month low of $26.92 and a twelve month high of $39.51. The stock has a 50-day simple moving average of $34.27 and a two-hundred day simple moving average of $31.35. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51. The company has a market capitalization of $2.74 billion, a PE ratio of 73.19 and a beta of 1.06.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors 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 dividend yield of 3.15%. Energizer's payout ratio is currently 230.77%.

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.