Jupiter Topco LLC Makes New Investment in Energizer Holdings, Inc. $ENR

Jupiter Topco LLC bought a new stake in Energizer Holdings, Inc. (NYSE:ENR - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 471,807 shares of the company's stock, valued at approximately $10,116,000. Jupiter Topco LLC owned about 0.69% of Energizer as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in shares of Energizer by 51.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,891 shares of the company's stock valued at $31,000 after purchasing an additional 644 shares during the last quarter. Aster Capital Management DIFC Ltd grew its holdings in Energizer by 148.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,077 shares of the company's stock valued at $41,000 after buying an additional 1,240 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Energizer in the 3rd quarter worth $47,000. Public Employees Retirement System of Ohio increased its stake in shares of Energizer by 25.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,479 shares of the company's stock worth $49,000 after acquiring an additional 503 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in shares of Energizer during the 2nd quarter worth $53,000. 93.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ENR. Canaccord Genuity Group set a $18.00 price target on shares of Energizer in a research report on Wednesday, August 5th. UBS Group boosted their target price on shares of Energizer from $21.00 to $23.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Barclays increased their price target on shares of Energizer from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Morgan Stanley reaffirmed a "negative" rating and set a $21.00 price target on shares of Energizer in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. increased their price objective on Energizer from $19.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $21.83.

Insiders Place Their Bets

In other news, major shareholder Aqua Capital, Ltd. bought 60,000 shares of the company's stock in a transaction on Monday, July 20th. The stock was bought at an average cost of $20.02 per share, with a total value of $1,201,200.00. Following the transaction, the insider directly owned 7,820,000 shares in the company, valued at $156,556,400. The trade was a 0.77% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders bought 413,692 shares of company stock valued at $8,357,139. Insiders own 1.63% of the company's stock.

Energizer Stock Up 1.3%

Shares of NYSE ENR opened at $22.40 on Friday. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 18.98 and a beta of 0.75. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 16.22. Energizer Holdings, Inc. has a 52-week low of $15.75 and a 52-week high of $30.29. The business's 50 day moving average is $21.47 and its two-hundred day moving average is $19.89.

Energizer (NYSE:ENR - Get Free Report) last released 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 analysts' expectations of $720.29 million. During the same quarter in the prior year, the business earned $2.13 earnings per share. The company'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. Research analysts predict that Energizer Holdings, Inc. will post 3.31 EPS for the current 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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Wednesday, August 19th. Energizer's dividend payout ratio (DPR) is 101.69%.

About Energizer

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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