Barclays PLC raised its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR – Free Report) by 100.9% during the third quarter, HoldingsChannel.com reports. The firm owned 139,890 shares of the company’s stock after acquiring an additional 70,254 shares during the quarter. Barclays PLC’s holdings in Energizer were worth $4,443,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings 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 buying an additional 19,836 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Energizer during the 3rd quarter valued at $584,000. Seizert Capital Partners LLC lifted its stake in shares of Energizer by 29.0% in the 3rd quarter. Seizert Capital Partners LLC now owns 181,773 shares of the company’s stock valued at $5,773,000 after purchasing an additional 40,891 shares during the period. Clarkston Capital Partners LLC boosted its position 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 worth $151,660,000 after purchasing an additional 533,831 shares during the last quarter. Finally, Gabelli Funds LLC grew its stake in shares of Energizer by 6.1% during the second quarter. Gabelli Funds LLC now owns 384,650 shares of the company’s stock worth $11,363,000 after purchasing an additional 22,100 shares during the period. Institutional investors own 93.74% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Morgan Stanley increased their target price on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Barclays lowered shares of Energizer from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $34.00 to $36.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of Energizer from an “underweight” rating to a “neutral” rating and upped their target price for the company from $32.00 to $39.00 in a research note on Wednesday, November 20th. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Canaccord Genuity Group upped their price objective on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $37.63.
Energizer Trading Down 0.7 %
Shares of NYSE:ENR opened at $35.34 on Friday. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 67.96 and a beta of 1.06. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51. Energizer Holdings, Inc. has a 12 month low of $26.92 and a 12 month high of $39.51. The company’s fifty day simple moving average is $35.13 and its 200 day simple moving average is $31.82.
Energizer Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a $0.30 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.40%. Energizer’s dividend payout ratio (DPR) is 230.77%.
Insider Transactions at Energizer
In other news, EVP Robin Vauth sold 1,978 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total value 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. The trade was a 25.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 4,635 shares of the company’s stock, valued at approximately $178,401.15. This trade represents a 37.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,860 shares of company stock valued at $334,694 over the last three months. Company insiders own 0.98% of the company’s stock.
About Energizer
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.
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