Raymond James Financial Inc. Trims Position in Energizer Holdings, Inc. $ENR

Key Points

• Raymond James Financial Inc. reduced its stake in Energizer Holdings by 10.1% during the 1st quarter, now holding 301,963 shares valued at $9.03 million.
• Institutional investors collectively own 93.74% of Energizer's stock, with several firms increasing their positions, including GAMMA Investing LLC, which grew its stake by 2,354.4%.
• Energizer reported earnings of $1.13 per share for the quarter, exceeding estimates, alongside a revenue of $725.3 million, an increase of 3.4% year-over-year.

Raymond James Financial Inc. cut its stake in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 301,963 shares of the company's stock after selling 33,881 shares during the quarter. Raymond James Financial Inc. owned 0.42% of Energizer worth $9,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ENR. American Century Companies Inc. raised its holdings in Energizer by 11.9% in the 1st quarter. American Century Companies Inc. now owns 164,387 shares of the company's stock worth $4,919,000 after purchasing an additional 17,538 shares in the last quarter. Brandywine Global Investment Management LLC increased its stake in shares of Energizer by 19.5% in the 1st quarter. Brandywine Global Investment Management LLC now owns 263,178 shares of the company's stock worth $7,874,000 after acquiring an additional 42,906 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Energizer by 108.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,113 shares of the company's stock valued at $33,000 after purchasing an additional 579 shares during the last quarter. Russell Investments Group Ltd. grew its position in Energizer by 2,837.5% during the 1st quarter. Russell Investments Group Ltd. now owns 59,426 shares of the company's stock valued at $1,778,000 after purchasing an additional 57,403 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in Energizer by 57.7% during the 1st quarter. HighTower Advisors LLC now owns 26,711 shares of the company's stock valued at $799,000 after purchasing an additional 9,768 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors.

Energizer Price Performance

ENR traded up $0.52 during trading hours on Friday, hitting $29.17. The company's stock had a trading volume of 136,338 shares, compared to its average volume of 880,437. The business's 50-day moving average price is $25.20 and its 200-day moving average price is $25.79. Energizer Holdings, Inc. has a 12 month low of $19.70 and a 12 month high of $39.51. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 8.40 and a beta of 0.69. The company has a current ratio of 1.78, a quick ratio of 0.84 and a debt-to-equity ratio of 17.57.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.52. The firm had revenue of $725.30 million for the quarter, compared to the consensus estimate of $692.67 million. Energizer had a net margin of 8.60% and a return on equity of 181.90%. The company's quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.79 earnings per share. Energizer has set its Q4 2025 guidance at 1.050-1.150 EPS. FY 2025 guidance at 3.550-3.650 EPS. Sell-side analysts expect that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal 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 $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, August 21st. Energizer's dividend payout ratio (DPR) is presently 34.58%.

Analyst Upgrades and Downgrades

ENR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Energizer from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Barclays raised their price objective on shares of Energizer from $24.00 to $27.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. UBS Group reissued a "neutral" rating and issued a $29.00 price objective (up previously from $23.00) on shares of Energizer in a report on Tuesday, August 5th. Truist Financial raised their price objective on shares of Energizer from $30.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen raised shares of Energizer from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus 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.