Clarkston Capital Partners LLC Purchases 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 boosted its position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 3.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,205,935 shares of the company's stock after purchasing an additional 128,730 shares during the period. Energizer comprises 2.5% of Clarkston Capital Partners LLC's holdings, making the stock its 14th biggest holding. Clarkston Capital Partners LLC owned approximately 5.83% of Energizer worth $125,842,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Energizer by 1.5% in the 1st quarter. Principal Financial Group Inc. now owns 907,826 shares of the company's stock valued at $27,162,000 after buying an additional 13,453 shares during the period. Nuveen Asset Management LLC boosted its position in Energizer by 17.7% in the 4th quarter. Nuveen Asset Management LLC now owns 303,549 shares of the company's stock valued at $10,591,000 after buying an additional 45,638 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Energizer in the 4th quarter valued at about $4,701,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Energizer by 18.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,876 shares of the company's stock valued at $5,718,000 after buying an additional 25,105 shares during the period. Finally, GAMMA Investing LLC boosted its position in Energizer by 2,354.4% in the 1st quarter. GAMMA Investing LLC now owns 18,850 shares of the company's stock valued at $564,000 after buying an additional 18,082 shares during the period. 93.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays boosted their price objective on shares of Energizer from $24.00 to $27.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. UBS Group reissued a "neutral" rating and issued a $29.00 price objective (up previously from $23.00) on shares of Energizer in a research note on Tuesday, August 5th. Truist Financial boosted their price objective on shares of Energizer from $30.00 to $35.00 and gave the stock a "buy" rating in a research note 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, Canaccord Genuity Group reduced their price objective on shares of Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research note on Wednesday, May 7th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $31.43.

Energizer Stock Up 0.2%

NYSE:ENR opened at $28.4750 on Thursday. The firm has a market capitalization of $1.94 billion, a P/E ratio of 8.21 and a beta of 0.63. Energizer Holdings, Inc. has a 1-year low of $19.70 and a 1-year high of $39.51. The company's fifty day moving average price is $23.52 and its 200-day moving average price is $26.09. The company has a debt-to-equity ratio of 17.57, a current ratio of 1.78 and a quick ratio of 0.84.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.52. The firm had revenue of $725.30 million for the quarter, compared to analyst estimates of $692.67 million. Energizer had a net margin of 8.60% and a return on equity of 181.90%. The business's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 earnings per share. 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, equities research analysts anticipate that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders 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 dividend yield of 4.2%. Energizer's dividend payout ratio is presently 34.58%.

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.

Want to see what other hedge funds are holding ENR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energizer Holdings, Inc. (NYSE:ENR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.