Clarkston Capital Partners LLC Purchases 533,831 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Clarkston Capital Partners LLC raised its position in Energizer Holdings, Inc. (NYSE:ENR) by 12.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,775,177 shares of the company’s stock after buying an additional 533,831 shares during the quarter. Energizer comprises about 2.8% of Clarkston Capital Partners LLC’s holdings, making the stock its 14th largest position. Clarkston Capital Partners LLC owned about 6.65% of Energizer worth $151,660,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. M&G Plc raised its stake in Energizer by 33.0% in the 2nd quarter. M&G Plc now owns 237,337 shares of the company’s stock valued at $7,120,000 after acquiring an additional 58,933 shares during the period. Tidal Investments LLC lifted its stake in shares of Energizer by 220.3% during the 1st quarter. Tidal Investments LLC now owns 29,903 shares of the company’s stock valued at $880,000 after buying an additional 20,567 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Energizer by 31.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,723 shares of the company’s stock valued at $3,172,000 after buying an additional 25,732 shares in the last quarter. Gabelli Funds LLC boosted its holdings in Energizer by 6.1% in the 2nd quarter. Gabelli Funds LLC now owns 384,650 shares of the company’s stock worth $11,363,000 after buying an additional 22,100 shares during the period. Finally, Maverick Capital Ltd. grew its stake in Energizer by 126.7% in the 2nd quarter. Maverick Capital Ltd. now owns 59,878 shares of the company’s stock valued at $1,769,000 after buying an additional 33,467 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Analysts Set New Price Targets

ENR has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a report on Wednesday, August 7th. Barclays raised their target price on Energizer from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a report on Monday, October 14th. Evercore ISI reduced their price objective on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Truist Financial upgraded shares of Energizer from a “hold” rating to a “buy” rating and increased their target price for the stock from $30.00 to $40.00 in a research note on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.00.

Energizer Trading Up 0.3 %

NYSE ENR opened at $33.92 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.99 and a debt-to-equity ratio of 26.04. The stock’s 50-day simple moving average is $31.55 and its two-hundred day simple moving average is $30.43. Energizer Holdings, Inc. has a twelve month low of $26.92 and a twelve month high of $34.29. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 242.29 and a beta of 1.04.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.54%. Energizer’s dividend payout ratio is 857.14%.

Energizer Company 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.