BlackRock Inc. Takes Position in Energizer Holdings, Inc. $ENR

Key Points

• BlackRock acquired 9.4 million Energizer shares worth approximately $201.8 million, giving it a 13.75% stake. Institutional investors collectively own 93.74% of ENR.
• Analysts remain cautious, with six Hold ratings and one Sell rating, an average rating of “Reduce,” and a consensus price target of $21.83. Energizer recently traded at $22.20 after reporting quarterly EPS of $0.75, below the $0.83 consensus estimate.
• Energizer declared a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 5.4% yield. The company’s payout ratio is high at 101.69%, while insiders have purchased more than 413,000 shares over the past three months.

BlackRock Inc. purchased a new position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,412,130 shares of the company's stock, valued at approximately $201,796,000. BlackRock Inc. owned approximately 13.75% of Energizer at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its holdings in 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 purchasing an additional 644 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its position in shares of Energizer by 148.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,077 shares of the company's stock valued at $41,000 after buying an additional 1,240 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Energizer in the 3rd quarter valued at about $47,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Energizer by 25.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,479 shares of the company's stock valued at $49,000 after buying an additional 503 shares in the last quarter. Finally, Leonteq Securities AG purchased a new position in shares of Energizer in the 4th quarter worth approximately $60,000. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ENR has been the subject of several recent analyst reports. UBS Group boosted their price objective on shares of Energizer from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Morgan Stanley restated a "negative" rating and issued a $21.00 target price on shares of Energizer in a research note on Tuesday, August 4th. Barclays lifted their price target on shares of Energizer from $18.00 to $19.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. Canaccord Genuity Group set a $18.00 price target on Energizer in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on Energizer from $19.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $21.83.

Energizer Trading Up 1.1%

Energizer stock opened at $22.20 on Friday. The stock has a 50-day moving average price of $21.46 and a 200 day moving average price of $19.87. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 18.81 and a beta of 0.75. Energizer Holdings, Inc. has a 52 week low of $15.75 and a 52 week high of $30.29. 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 (NYSE:ENR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.08). Energizer had a return on equity of 122.63% and a net margin of 2.73%.The business had revenue of $734.10 million during the quarter, compared to analyst estimates of $720.29 million. During the same quarter last year, the company posted $2.13 EPS. Energizer's quarterly revenue 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 anticipate that Energizer Holdings, Inc. will post 3.31 EPS for the current year.

Energizer Dividend Announcement

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

Insider Activity

In other Energizer news, major shareholder Aqua Capital, Ltd. bought 60,000 shares of Energizer stock in a transaction that occurred on Monday, July 20th. The stock was purchased at an average price of $20.02 per share, with a total value of $1,201,200.00. Following the completion of the acquisition, the insider directly owned 7,820,000 shares in the company, valued at approximately $156,556,400. This trade represents a 0.77% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 413,692 shares of company stock worth $8,357,139 over the last three months. Company insiders own 1.63% of the company's stock.

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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