Northern Trust Corp Cuts Stock Holdings in Energizer Holdings, Inc. $ENR

Key Points

• Northern Trust Corp reduced its holdings in Energizer Holdings, Inc. by 2.8% in the 1st quarter, now owning approximately 1.07% of the company’s shares, worth $23,114,000.
• Several hedge funds have recently altered their stakes in Energizer, with Principal Financial Group increasing their holdings by 1.5% and Nuveen Asset Management increasing by 17.7%.
• Energizer declared a quarterly dividend of $0.30 per share, resulting in an annualized dividend of $1.20 and a yield of 4.4%.

Northern Trust Corp reduced its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 772,521 shares of the company's stock after selling 22,485 shares during the quarter. Northern Trust Corp owned 1.07% of Energizer worth $23,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Energizer by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 9,421,993 shares of the company's stock valued at $281,906,000 after acquiring an additional 170,017 shares during the period. LSV Asset Management grew its stake in shares of Energizer by 28.4% in the first quarter. LSV Asset Management now owns 2,327,824 shares of the company's stock worth $69,648,000 after acquiring an additional 515,124 shares during the period. Millennium Management LLC raised its holdings in shares of Energizer by 66.7% during the fourth quarter. Millennium Management LLC now owns 1,240,038 shares of the company's stock valued at $43,265,000 after purchasing an additional 496,146 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Energizer by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,013,896 shares of the company's stock valued at $35,375,000 after purchasing an additional 30,185 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Energizer by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,002,988 shares of the company's stock worth $30,009,000 after purchasing an additional 37,678 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors.

Energizer Price Performance

Shares of ENR stock traded up $0.05 on Thursday, hitting $28.44. 256,357 shares of the stock traded hands, compared to its average volume of 882,674. 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 Holdings, Inc. has a 52 week low of $19.70 and a 52 week high of $39.51. The firm has a 50 day simple moving average of $25.03 and a two-hundred day simple moving average of $25.81. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 8.20 and a beta of 0.69.

Energizer (NYSE:ENR - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $692.67 million. During the same quarter in the prior year, the business posted $0.79 EPS. Energizer's revenue for the quarter 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. As a group, equities research analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Thursday, August 21st will be issued 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 4.2%. Energizer's payout ratio is currently 34.58%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ENR. Wall Street Zen upgraded shares of Energizer from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. upped their price objective on Energizer from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Barclays raised their target price on Energizer from $24.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Canaccord Genuity Group cut their price target on Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research note on Wednesday, May 7th. Finally, UBS Group reiterated 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. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $31.43.

Energizer Company 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.