Bank of America Corp DE Purchases 125,264 Shares of Energizer Holdings, Inc. $ENR

Key Points

• Bank of America increased its Energizer position by 34.2%, purchasing 125,264 shares to hold 491,155 shares valued at approximately $8.1 million. Institutional investors collectively own 93.74% of ENR.
• Insider and institutional buying continued, including Aqua Capital’s purchase of 60,000 shares; insiders have bought 413,692 shares worth $8.36 million over the past 90 days.
• Energizer reported quarterly EPS of $0.75, below the $0.83 consensus, while revenue exceeded estimates at $734.1 million. The company declared a $0.30 quarterly dividend, yielding about 5.5%, but analysts maintain a consensus “Reduce” rating with a $21.83 price target.

Bank of America Corp DE increased its position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 34.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 491,155 shares of the company's stock after purchasing an additional 125,264 shares during the period. Bank of America Corp DE owned approximately 0.72% of Energizer worth $8,065,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ENR. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Energizer by 148,623.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,794,522 shares of the company's stock worth $55,583,000 after buying an additional 2,792,643 shares during the last quarter. Armistice Capital LLC bought a new stake in shares of Energizer during the 4th quarter worth $20,606,000. Janus Henderson Group PLC grew its position in Energizer by 1,561.6% in the first quarter. Janus Henderson Group PLC now owns 453,952 shares of the company's stock worth $7,454,000 after acquiring an additional 426,632 shares in the last quarter. MAC Alpha Capital Management LP purchased a new stake in Energizer during the fourth quarter valued at about $8,330,000. Finally, Clarkston Capital Partners LLC lifted its stake in Energizer by 9.7% during the fourth quarter. Clarkston Capital Partners LLC now owns 4,227,520 shares of the company's stock worth $84,085,000 after purchasing an additional 372,465 shares during the last quarter. Institutional investors and hedge funds own 93.74% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Aqua Capital, Ltd. purchased 60,000 shares of the stock in a transaction dated Monday, July 20th. The shares were purchased at an average cost of $20.02 per share, with a total value of $1,201,200.00. Following the acquisition, the insider directly owned 7,820,000 shares of the company's stock, valued at $156,556,400. This represents a 0.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 413,692 shares of company stock worth $8,357,139 in the last 90 days. 1.63% of the stock is owned by corporate insiders.

Energizer Trading Up 2.2%

ENR opened at $21.95 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 16.22. Energizer Holdings, Inc. has a 52 week low of $15.75 and a 52 week high of $30.29. The stock has a market cap of $1.50 billion, a PE ratio of 18.60 and a beta of 0.75. The business has a 50 day moving average of $21.40 and a 200-day moving average of $19.89.

Energizer (NYSE:ENR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.08). The business had revenue of $734.10 million during the quarter, compared to the consensus estimate of $720.29 million. Energizer had a return on equity of 122.63% and a net margin of 2.73%.The firm's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.13 earnings per share. Energizer has set its Q4 2026 guidance at 1.250-1.350 EPS and its FY 2026 guidance at 3.600-3.600 EPS. Equities research analysts predict 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. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Energizer's payout ratio is presently 101.69%.

Analyst Ratings Changes

Several research firms have commented on ENR. Weiss Ratings reissued a "hold (c-)" rating on shares of Energizer in a research note on Wednesday, June 24th. Barclays upped their price objective on shares of Energizer from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Canaccord Genuity Group set a $18.00 target price on shares of Energizer in a report on Wednesday, August 5th. JPMorgan Chase & Co. boosted their price target on shares of Energizer from $19.00 to $22.00 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. Finally, UBS Group upped their price target on shares of Energizer from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $21.83.

About Energizer

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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