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

Sasco Capital Inc. CT lowered its position in Energizer Holdings, Inc. (NYSE:ENR) by 14.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 659,900 shares of the company’s stock after selling 109,080 shares during the quarter. Energizer comprises about 3.1% of Sasco Capital Inc. CT’s holdings, making the stock its 14th biggest holding. Sasco Capital Inc. CT owned approximately 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. Clarkston Capital Partners LLC grew its stake 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. Victory Capital Management Inc. raised its position in Energizer by 192.5% in the second quarter. Victory Capital Management Inc. now owns 372,697 shares of the company’s stock valued at $11,009,000 after purchasing an additional 245,285 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Energizer by 38.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock valued at $25,778,000 after purchasing an additional 240,402 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Energizer by 155.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 129,567 shares of the company’s stock worth $3,827,000 after purchasing an additional 78,895 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in shares of Energizer by 5.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,309,920 shares of the company’s stock worth $38,564,000 after purchasing an additional 71,595 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Barclays upped their target price on shares of Energizer from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Evercore ISI decreased their price objective on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on Energizer from $29.00 to $32.00 and gave the company an “underweight” rating in a research report on Friday, October 11th. Finally, StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $35.00.

Energizer Stock Performance

Shares of ENR opened at $34.15 on Tuesday. The stock has a 50-day simple moving average of $31.55 and a 200-day simple moving average of $30.43. The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99. Energizer Holdings, Inc. has a 1 year low of $26.92 and a 1 year high of $34.38. The stock has a market capitalization of $2.45 billion, a PE ratio of 243.91 and a beta of 1.04.

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 issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.51%. The ex-dividend date is Wednesday, November 27th. Energizer’s dividend payout ratio (DPR) is presently 857.20%.

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.