1,027,981 Shares in Energizer Holdings, Inc. $ENR Bought by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon purchased 1,027,981 Energizer shares worth approximately $22.0 million, giving it a 1.5% stake. Institutional investors collectively own 93.74% of the company.
• Energizer’s latest quarterly results showed revenue rising 1.2% year over year to $734.1 million, but adjusted earnings of $0.75 per share fell short of the $0.83 consensus estimate. Shares recently traded at $22.40, above the analyst consensus price target of $21.83.
• The company declared a quarterly dividend of $0.30 per share, equivalent to an annualized $1.20 payout and a 5.4% yield. However, its dividend payout ratio stands at a high 101.69%, while analysts maintain a consensus “Reduce” rating.

Bank of New York Mellon Corp purchased a new stake in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,027,981 shares of the company's stock, valued at approximately $22,040,000. Bank of New York Mellon Corp owned 1.50% of Energizer as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ENR. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Energizer during the 3rd quarter valued at $47,000. PNC Financial Services Group Inc. boosted its stake in shares of Energizer by 51.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,891 shares of the company's stock worth $31,000 after acquiring an additional 644 shares during the period. Aster Capital Management DIFC Ltd boosted its stake in shares of Energizer by 148.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,077 shares of the company's stock worth $41,000 after acquiring an additional 1,240 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Energizer by 25.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,479 shares of the company's stock worth $49,000 after purchasing an additional 503 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Energizer by 70.5% during the second quarter. GAMMA Investing LLC now owns 2,898 shares of the company's stock worth $62,000 after purchasing an additional 1,198 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company's stock.

Energizer Trading Up 0.6%

Shares of ENR opened at $22.40 on Monday. The company's fifty day moving average is $21.47 and its 200 day moving average is $19.87. Energizer Holdings, Inc. has a fifty-two week low of $15.75 and a fifty-two week high of $30.29. The stock has a market capitalization of $1.53 billion, a PE ratio of 18.98 and a beta of 0.75. The company has a debt-to-equity ratio of 16.22, a quick ratio of 1.10 and a current ratio of 2.07.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.08). Energizer had a net margin of 2.73% and a return on equity of 122.63%. The business had revenue of $734.10 million for the quarter, compared to the consensus estimate of $720.29 million. During the same quarter last year, the business earned $2.13 EPS. Energizer's revenue for the quarter was up 1.2% compared to the same quarter last year. Energizer has set its Q4 2026 guidance at 1.250-1.350 EPS and its FY 2026 guidance at 3.600-3.600 EPS. Sell-side analysts expect that Energizer Holdings, Inc. will post 3.31 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 19th. This represents a $1.20 dividend on an annualized basis and a yield of 5.4%. Energizer's dividend payout ratio is 101.69%.

Insider Transactions at Energizer

In related news, major shareholder Aqua Capital, Ltd. bought 60,000 shares of the business's stock in a transaction dated Thursday, July 23rd. The shares were purchased at an average price of $20.25 per share, with a total value of $1,215,000.00. Following the transaction, the insider owned 7,940,000 shares in the company, valued at $160,785,000. This trade represents a 0.76% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders purchased 375,686 shares of company stock worth $7,665,050 in the last quarter. Corporate insiders own 1.63% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ENR. UBS Group increased their price objective on shares of Energizer from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Friday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of Energizer from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. Canaccord Genuity Group set a $18.00 target price on shares of Energizer in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Energizer in a research note on Wednesday, June 24th. Finally, Morgan Stanley reaffirmed a "negative" rating and set a $21.00 target price on shares of Energizer in a research note on Tuesday, August 4th. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $21.83.

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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