Cerity Partners LLC Trims Stake in Energizer Holdings, Inc. (NYSE:ENR)

Cerity Partners LLC lessened its stake in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 87.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,749 shares of the company's stock after selling 53,826 shares during the quarter. Cerity Partners LLC's holdings in Energizer were worth $232,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. LSV Asset Management boosted its stake in shares of Energizer by 6.7% during the fourth quarter. LSV Asset Management now owns 1,812,700 shares of the company's stock valued at $63,245,000 after purchasing an additional 114,600 shares during the period. Millennium Management LLC lifted its stake in Energizer by 66.7% in the fourth quarter. Millennium Management LLC now owns 1,240,038 shares of the company's stock worth $43,265,000 after acquiring an additional 496,146 shares during the period. Dimensional Fund Advisors LP lifted its stake in Energizer by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,013,896 shares of the company's stock worth $35,375,000 after acquiring an additional 30,185 shares during the period. Principal Financial Group Inc. lifted its stake in Energizer by 1.5% in the first quarter. Principal Financial Group Inc. now owns 907,826 shares of the company's stock worth $27,162,000 after acquiring an additional 13,453 shares during the period. Finally, Northern Trust Corp raised its holdings in Energizer by 10.7% in the fourth quarter. Northern Trust Corp now owns 795,006 shares of the company's stock worth $27,738,000 after purchasing an additional 76,761 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company's stock.

Energizer Stock Down 1.0%

Shares of ENR traded down $0.22 during midday trading on Friday, reaching $22.30. 236,059 shares of the stock were exchanged, compared to its average volume of 852,069. Energizer Holdings, Inc. has a 52 week low of $19.70 and a 52 week high of $39.51. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 23.56. The company's 50 day moving average is $22.00 and its two-hundred day moving average is $26.72. The company has a market capitalization of $1.61 billion, a P/E ratio of 30.58 and a beta of 0.63.

Energizer (NYSE:ENR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.01). The firm had revenue of $662.90 million for the quarter, compared to the consensus estimate of $670.85 million. Energizer had a return on equity of 184.22% and a net margin of 1.87%. Energizer's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. On average, sell-side analysts anticipate that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Thursday, August 21st will be paid a $0.30 dividend. The ex-dividend date is Thursday, August 21st. This represents a $1.20 dividend on an annualized basis and a yield of 5.4%. Energizer's dividend payout ratio (DPR) is 164.38%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Energizer from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Friday, July 25th. UBS Group reduced their price target on Energizer from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Truist Financial reduced their price target on Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Canaccord Genuity Group lowered their price objective on Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research report on Wednesday, May 7th. Finally, Barclays lowered their price objective on Energizer from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 15th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $30.75.

Insider Buying and Selling at Energizer

In other Energizer news, Director Patrick J. Moore purchased 10,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was bought at an average cost of $23.10 per share, for a total transaction of $231,000.00. Following the completion of the purchase, the director owned 15,000 shares in the company, valued at $346,500. This represents a 200.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Stephen Lavigne acquired 4,000 shares of Energizer stock in a transaction dated Friday, May 9th. The stock was purchased at an average price of $21.67 per share, with a total value of $86,680.00. Following the completion of the purchase, the chief executive officer owned 277,645 shares of the company's stock, valued at approximately $6,016,567.15. The trade was a 1.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 25,000 shares of company stock worth $578,140. 0.98% of the stock is owned by insiders.

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.