Energizer Holdings, Inc. $ENR Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors reduced its Energizer stake by 3.8%, selling 44,765 shares and retaining 1.15 million shares valued at approximately $18.8 million. Institutional investors and hedge funds collectively own 93.74% of the company.
• Energizer reported quarterly earnings of $0.75 per share, below the $0.83 consensus estimate, while revenue of $734.1 million exceeded expectations and rose 1.2% year over year.
• The company declared a quarterly dividend of $0.30 per share, representing a 5.3% annualized yield, but analysts remain cautious with a consensus “Reduce” rating and an average price target of $21.83.

Dimensional Fund Advisors LP decreased its position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 3.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,145,184 shares of the company's stock after selling 44,765 shares during the quarter. Dimensional Fund Advisors LP owned about 1.67% of Energizer worth $18,807,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC increased its stake in Energizer by 20.0% during the first quarter. AQR Capital Management LLC now owns 108,822 shares of the company's stock worth $3,220,000 after acquiring an additional 18,146 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Energizer by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,775 shares of the company's stock valued at $1,280,000 after purchasing an additional 1,857 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Energizer by 8.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 177,092 shares of the company's stock worth $5,299,000 after purchasing an additional 13,216 shares during the period. Norges Bank acquired a new stake in Energizer during the 2nd quarter worth approximately $387,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Energizer in the 2nd quarter valued at $586,000. 93.74% of the stock is owned by institutional investors and hedge funds.

Energizer Stock Performance

Shares of Energizer stock opened at $22.59 on Friday. The business has a fifty day simple moving average of $20.76 and a 200-day simple moving average of $19.83. The stock has a market cap of $1.55 billion, a PE ratio of 19.14 and a beta of 0.75. Energizer Holdings, Inc. has a 12 month low of $15.75 and a 12 month high of $30.29. The company has a quick ratio of 1.03, a current ratio of 2.07 and a debt-to-equity ratio of 16.22.

Energizer (NYSE:ENR - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.08). Energizer had a net margin of 2.73% and a return on equity of 122.63%. The company had revenue of $734.10 million for the quarter, compared to the consensus estimate of $720.29 million. During the same quarter last year, the business earned $2.13 earnings per share. Energizer's quarterly 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. On average, sell-side analysts anticipate that Energizer Holdings, Inc. will post 3.3 EPS for the current fiscal year.

Energizer Dividend Announcement

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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Wednesday, August 19th. Energizer's dividend payout ratio is presently 101.69%.

Insider Activity at Energizer

In related news, major shareholder Aqua Capital, Ltd. bought 81,609 shares of Energizer stock in a transaction dated Wednesday, May 20th. The shares were bought at an average cost of $16.18 per share, for a total transaction of $1,320,433.62. Following the completion of the transaction, the insider owned 7,106,824 shares of the company's stock, valued at approximately $114,988,412.32. This trade represents a 1.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders purchased 538,681 shares of company stock worth $10,406,791. 1.63% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Weiss Ratings restated a "hold (c-)" rating on shares of Energizer in a research note on Wednesday, June 24th. Morgan Stanley reiterated a "negative" rating and set a $21.00 target price on shares of Energizer in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on Energizer from $19.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. UBS Group upped their price target on Energizer from $21.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Barclays increased their price objective on shares of Energizer from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $21.83.

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.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source