Clarkston Capital Partners LLC cut its stake in shares of Energizer Holdings, Inc. (NYSE:ENR – Free Report) by 19.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,855,055 shares of the company’s stock after selling 934,345 shares during the period. Energizer accounts for about 2.1% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 15th biggest holding. Clarkston Capital Partners LLC owned 5.65% of Energizer worth $95,952,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of ENR. LSV Asset Management raised its stake in shares of Energizer by 24.5% during the 3rd quarter. LSV Asset Management now owns 3,436,574 shares of the company’s stock worth $85,536,000 after purchasing an additional 675,426 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Energizer by 34.9% in the second quarter. Gamco Investors INC. ET AL now owns 1,899,587 shares of the company’s stock valued at $38,296,000 after buying an additional 491,794 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of Energizer in the second quarter valued at $5,825,000. Qube Research & Technologies Ltd increased its holdings in Energizer by 91.3% during the second quarter. Qube Research & Technologies Ltd now owns 447,149 shares of the company’s stock worth $9,015,000 after buying an additional 213,448 shares during the last quarter. Finally, Schroder Investment Management Group acquired a new position in Energizer during the third quarter worth $3,936,000. 93.74% of the stock is currently owned by institutional investors.
Energizer Stock Performance
NYSE:ENR opened at $19.31 on Monday. The stock has a 50 day simple moving average of $21.33 and a 200 day simple moving average of $22.89. The stock has a market cap of $1.32 billion, a P/E ratio of 6.50 and a beta of 0.64. Energizer Holdings, Inc. has a 1-year low of $16.77 and a 1-year high of $31.78. The company has a current ratio of 1.99, a quick ratio of 1.07 and a debt-to-equity ratio of 23.49.
Energizer Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 18th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, February 18th. Energizer’s dividend payout ratio (DPR) is currently 40.40%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Barclays set a $22.00 price target on shares of Energizer in a research note on Friday, January 16th. Wall Street Zen cut shares of Energizer from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Evercore set a $28.00 target price on shares of Energizer in a research note on Tuesday, February 10th. UBS Group set a $25.00 price target on Energizer and gave the stock a “neutral” rating in a research report on Friday, February 6th. Finally, Zacks Research upgraded Energizer from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.29.
Read Our Latest Stock Analysis on Energizer
Energizer Profile
Energizer Holdings, Inc is a global consumer products company best known for its portfolio of portable power and lighting solutions. The company’s primary business activities include the design, manufacture and marketing of batteries under the Energizer and Rayovac brands, as well as portable lighting products such as flashlights, headlamps and lanterns. Energizer also produces a range of automotive appearance and protection products, including tire inflators and repair kits, along with personal care offerings like aerosol insect repellents and sunscreen under licensed brands.
Founded in 2000 through the spin-off of the battery business from Ralston Purina Company, Energizer has grown through both organic development and strategic acquisitions.
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