Connor Clark & Lunn Investment Management Ltd. Acquires New Stake in Energizer Holdings, Inc. $ENR

Key Points

• Connor Clark & Lunn Investment Management acquired 225,485 Energizer shares worth approximately $4.8 million, giving it a 0.33% stake. Institutional investors collectively own 93.74% of the company.
• Analysts remain cautious: six rate Energizer a Hold and one a Sell, resulting in an average “Reduce” rating and a $21.83 price target.
• Energizer reported quarterly revenue of $734.1 million, up 1.2% year over year, but earnings per share of $0.75 fell short of the $0.83 consensus estimate. The company also declared a $0.30 quarterly dividend, representing a 5.4% annualized yield.

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 225,485 shares of the company's stock, valued at approximately $4,834,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.33% of Energizer at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ENR. BlackRock Inc. purchased a new stake in Energizer during the second quarter worth about $201,796,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Energizer by 148,623.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,794,522 shares of the company's stock valued at $55,583,000 after purchasing an additional 2,792,643 shares during the period. Armistice Capital LLC purchased a new position in shares of Energizer in the fourth quarter valued at approximately $20,606,000. Bank of New York Mellon Corp acquired a new position in shares of Energizer in the second quarter valued at approximately $22,040,000. Finally, Janus Henderson Group PLC grew its holdings in shares of Energizer by 1,561.6% in the first quarter. Janus Henderson Group PLC now owns 453,952 shares of the company's stock valued at $7,454,000 after purchasing an additional 426,632 shares in the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Energizer Stock Up 1.1%

Shares of Energizer stock opened at $22.20 on Friday. Energizer Holdings, Inc. has a 52-week low of $15.75 and a 52-week high of $30.29. The company has a 50 day moving average of $21.46 and a 200 day moving average of $19.87. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 16.22. The company has a market capitalization of $1.52 billion, a P/E ratio of 18.81 and a beta of 0.75.

Energizer (NYSE:ENR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.75 EPS 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 firm had revenue of $734.10 million for the quarter, compared to analyst estimates of $720.29 million. During the same quarter last year, the firm earned $2.13 EPS. The company's revenue was up 1.2% on a year-over-year basis. Energizer has set its Q4 2026 guidance at 1.250-1.350 EPS and its FY 2026 guidance at 3.600-3.600 EPS. As a group, research analysts forecast that Energizer Holdings, Inc. will post 3.31 EPS for the current fiscal year.

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be paid a dividend of $0.30 per share. 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 payout ratio is presently 101.69%.

Insider Activity at Energizer

In other Energizer news, major shareholder Aqua Capital, Ltd. bought 60,000 shares of the company's stock in a transaction that occurred on Monday, July 20th. The shares were 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 of the company's stock, valued at $156,556,400. This represents a 0.77% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired a total of 413,692 shares of company stock worth $8,357,139 in the last three months. Insiders own 1.63% of the company's stock.

Energizer Profile

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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