Wellington Management Group LLP Buys 55,921 Shares of Energizer Holdings, Inc. $ENR

Key Points

• Wellington Management Group LLP increased its stake in Energizer Holdings by 11.4%, acquiring an additional 55,921 shares, bringing its total to 547,976 shares valued at approximately $16.4 million.
• Energizer reported a surge in earnings with $1.13 EPS for the last quarter, surpassing estimates by $0.52, and had revenues of $725.30 million, up 3.4% year-over-year.
• The company announced a quarterly dividend of $0.30 per share, set to be paid on September 10th, which represents a 4.3% yield based on its annualized dividend.

Wellington Management Group LLP grew its position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 11.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 547,976 shares of the company's stock after acquiring an additional 55,921 shares during the quarter. Wellington Management Group LLP owned 0.76% of Energizer worth $16,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ENR. Dimensional Fund Advisors LP increased its stake in Energizer by 3.1% in the 4th 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 last quarter. MetLife Investment Management LLC increased its stake in Energizer by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 43,941 shares of the company's stock worth $1,533,000 after acquiring an additional 2,426 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Energizer by 133.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,887 shares of the company's stock worth $171,000 after acquiring an additional 2,795 shares during the last quarter. State of Tennessee Department of Treasury increased its stake in Energizer by 7.3% in the 4th quarter. State of Tennessee Department of Treasury now owns 40,695 shares of the company's stock worth $1,420,000 after acquiring an additional 2,781 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Energizer by 10.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,931 shares of the company's stock worth $1,917,000 after acquiring an additional 4,998 shares during the last quarter. Institutional investors own 93.74% of the company's stock.

Analyst Upgrades and Downgrades

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

Energizer Stock Up 0.8%

Shares of ENR traded up $0.22 during midday trading on Monday, reaching $27.53. 806,187 shares of the stock were exchanged, compared to its average volume of 1,104,339. 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 1.78, a quick ratio of 0.84 and a debt-to-equity ratio of 17.57. The company's 50 day moving average is $24.70 and its two-hundred day moving average is $25.77. The company has a market capitalization of $1.88 billion, a P/E ratio of 7.93 and a beta of 0.69.

Energizer (NYSE:ENR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $1.13 earnings per share (EPS) for the quarter, topping 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 business had revenue of $725.30 million for the quarter, compared to the consensus estimate of $692.67 million. During the same quarter in the prior year, the company earned $0.79 EPS. The business's revenue was up 3.4% compared to the same quarter last year. Energizer has set its Q4 2025 guidance at 1.050-1.150 EPS. FY 2025 guidance at 3.550-3.650 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Thursday, August 21st will be given a dividend of $0.30 per share. 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 4.4%. Energizer's dividend payout ratio (DPR) 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.