Clarkston Capital Partners LLC lifted its position in shares of Energizer Holdings, Inc. (NYSE:ENR – Free Report) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,227,520 shares of the company’s stock after purchasing an additional 372,465 shares during the quarter. Energizer makes up about 1.9% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 17th largest position. Clarkston Capital Partners LLC owned 0.06% of Energizer worth $84,085,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Huntington National Bank grew its holdings in shares of Energizer by 1,836.1% during the 3rd quarter. Huntington National Bank now owns 1,181 shares of the company’s stock worth $29,000 after purchasing an additional 1,120 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Energizer during the 3rd quarter worth approximately $47,000. Smartleaf Asset Management LLC grew its holdings in shares of Energizer by 93.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,992 shares of the company’s stock worth $50,000 after purchasing an additional 964 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of Energizer during the 4th quarter worth approximately $60,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Energizer by 19.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,013 shares of the company’s stock worth $150,000 after purchasing an additional 992 shares in the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.
Energizer Stock Up 1.7%
Shares of NYSE:ENR opened at $20.23 on Friday. The company’s fifty day moving average is $18.50 and its 200-day moving average is $19.41. The company has a debt-to-equity ratio of 19.08, a quick ratio of 1.03 and a current ratio of 2.05. Energizer Holdings, Inc. has a 52 week low of $15.75 and a 52 week high of $30.29. The company has a market capitalization of $1.38 billion, a PE ratio of 7.41 and a beta of 0.78.
Energizer Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 5.9%. Energizer’s dividend payout ratio is presently 43.96%.
Insider Buying and Selling at Energizer
In other news, major shareholder Aqua Capital, Ltd. bought 35,686 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were acquired at an average price of $18.44 per share, with a total value of $658,049.84. Following the acquisition, the insider owned 7,235,686 shares in the company, valued at $133,426,049.84. This trade represents a 0.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have bought 218,896 shares of company stock valued at $3,761,092. 1.63% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on ENR. UBS Group lifted their price objective on Energizer from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Barclays decreased their price objective on Energizer from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Canaccord Genuity Group decreased their price objective on Energizer from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. JPMorgan Chase & Co. decreased their price objective on Energizer from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Energizer in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $23.14.
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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