Clarkston Capital Partners LLC Buys 128,730 Shares of Energizer Holdings, Inc. $ENR

Key Points

• Clarkston Capital Partners LLC increased its stake in Energizer Holdings, purchasing an additional 128,730 shares and now holds approximately 4.2 million shares, representing 2.5% of its total holdings.
• Energizer reported a quarterly earnings per share of $1.13, exceeding analysts' expectations of $0.61, and showed a 3.4% increase in revenue compared to the previous year.
• The company recently announced a quarterly dividend of $0.30 per share, equating to an annualized dividend yield of 4.2%.

Clarkston Capital Partners LLC raised its position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 3.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,205,935 shares of the company's stock after purchasing an additional 128,730 shares during the quarter. Energizer accounts for about 2.5% of Clarkston Capital Partners LLC's investment portfolio, making the stock its 14th biggest holding. Clarkston Capital Partners LLC owned 5.83% of Energizer worth $125,842,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Capital Fund Management S.A. purchased a new position in Energizer in the 1st quarter worth about $1,616,000. Fuller & Thaler Asset Management Inc. raised its holdings in Energizer by 58.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,094,195 shares of the company's stock worth $62,658,000 after purchasing an additional 775,221 shares during the period. Wellington Management Group LLP lifted its position in shares of Energizer by 11.4% during the 1st quarter. Wellington Management Group LLP now owns 547,976 shares of the company's stock valued at $16,395,000 after buying an additional 55,921 shares in the last quarter. Algert Global LLC lifted its holdings in Energizer by 286.7% during the first quarter. Algert Global LLC now owns 118,960 shares of the company's stock valued at $3,559,000 after purchasing an additional 88,200 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Energizer by 11.9% in the 1st quarter. American Century Companies Inc. now owns 164,387 shares of the company's stock worth $4,919,000 after buying an additional 17,538 shares during the period. Hedge funds and other institutional investors own 93.74% of the company's stock.

Energizer Trading Down 0.5%

ENR traded down $0.13 during trading hours on Tuesday, reaching $27.90. 137,078 shares of the company's stock traded hands, compared to its average volume of 889,781. The firm has a 50-day moving average price of $23.95 and a 200 day moving average price of $25.90. The firm has a market capitalization of $1.90 billion, a PE ratio of 8.05 and a beta of 0.63. The company has a quick ratio of 0.84, a current ratio of 1.78 and a debt-to-equity ratio of 17.57. Energizer Holdings, Inc. has a 52-week low of $19.70 and a 52-week high of $39.51.

Energizer (NYSE:ENR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.52. Energizer had a return on equity of 181.90% and a net margin of 8.60%.The firm had revenue of $725.30 million during the quarter, compared to analyst estimates of $692.67 million. During the same quarter in the previous year, the business earned $0.79 earnings per share. Energizer's quarterly revenue was up 3.4% on a year-over-year basis. Energizer has set its Q4 2025 guidance at 1.050-1.150 EPS. FY 2025 guidance at 3.550-3.650 EPS. As a group, sell-side analysts predict that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Thursday, August 21st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.3%. Energizer's payout ratio is 34.58%.

Wall Street Analysts Forecast Growth

ENR has been the subject of a number of research analyst reports. Truist Financial increased their price objective on shares of Energizer from $30.00 to $35.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Canaccord Genuity Group decreased their target price on Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research report on Wednesday, May 7th. Barclays raised their price target on Energizer from $24.00 to $27.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Wall Street Zen raised shares of Energizer from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, UBS Group reissued a "neutral" rating and set a $29.00 price objective (up from $23.00) on shares of Energizer in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $31.43.

Energizer Profile

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.