Wellington Management Group LLP Boosts Holdings in Energizer Holdings, Inc. $ENR

Key Points

• Wellington Management increased its Energizer stake by 14% in the second quarter, adding 121,676 shares to own 987,730 shares valued at approximately $21.2 million. Institutional investors collectively own 93.74% of ENR.
• Analysts remain cautious, with six Hold ratings and one Sell rating producing a consensus “Reduce” recommendation and an average price target of $21.83. Energizer’s latest quarterly EPS of $0.75 missed estimates, although revenue rose 1.2% year over year to $734.1 million.
• Energizer declared a quarterly dividend of $0.30 per share, equal to an annualized $1.20 dividend and a 5.6% yield. Major shareholder Aqua Capital also bought 60,000 shares, while insiders acquired 340,000 shares worth $7.0 million during the last quarter.

Wellington Management Group LLP lifted its stake in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 14.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 987,730 shares of the company's stock after buying an additional 121,676 shares during the quarter. Wellington Management Group LLP owned approximately 1.44% of Energizer worth $21,177,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ENR. Northwestern Mutual Wealth Management Co. bought a new position in shares of Energizer during the 3rd quarter valued at approximately $47,000. PNC Financial Services Group Inc. boosted its stake in shares of Energizer by 51.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,891 shares of the company's stock worth $31,000 after purchasing an additional 644 shares during the period. Aster Capital Management DIFC Ltd boosted its position in shares of Energizer by 148.1% during the fourth 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 during the period. Allworth Financial LP purchased a new position in Energizer during the 2nd quarter valued at $53,000. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Energizer by 25.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,479 shares of the company's stock worth $49,000 after purchasing an additional 503 shares during the last quarter. 93.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Canaccord Genuity Group set a $18.00 price objective on Energizer in a research note on Wednesday, August 5th. Morgan Stanley reaffirmed a "negative" rating and issued a $21.00 price objective on shares of Energizer in a research report on Tuesday, August 4th. Barclays upped their target price on Energizer from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. raised their price target on shares of Energizer from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Energizer in a research note on Wednesday, June 24th. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $21.83.

Insider Buying and Selling

In other news, major shareholder Aqua Capital, Ltd. acquired 60,000 shares of the firm's stock in a transaction on Thursday, July 23rd. The stock was acquired at an average price of $20.25 per share, for a total transaction of $1,215,000.00. Following the completion of the transaction, the insider owned 7,940,000 shares in the company, valued at approximately $160,785,000. The trade was a 0.76% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired a total of 340,000 shares of company stock worth $7,007,000 in the last quarter. 1.63% of the stock is currently owned by company insiders.

Energizer Stock Up 0.4%

Shares of ENR stock opened at $21.32 on Monday. Energizer Holdings, Inc. has a twelve month low of $15.75 and a twelve month high of $30.29. The stock has a market cap of $1.46 billion, a P/E ratio of 18.07 and a beta of 0.77. The stock has a 50 day moving average of $21.38 and a 200 day moving average of $19.81. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 16.22.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.08). The company had revenue of $734.10 million during the quarter, compared to analysts' expectations of $720.29 million. Energizer had a return on equity of 122.63% and a net margin of 2.73%.The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.13 EPS. Energizer has set its Q4 2026 guidance at 1.250-1.350 EPS and its FY 2026 guidance at 3.600-3.600 EPS. As a group, sell-side analysts expect that Energizer Holdings, Inc. will post 3.31 EPS for the current year.

Energizer Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $1.20 dividend on an annualized basis and a yield of 5.6%. Energizer's dividend payout ratio 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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