Brown Brothers Harriman & Co. Purchases 2,327 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Brown Brothers Harriman & Co. boosted its position in Energizer Holdings, Inc. (NYSE:ENR) by 16.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,327 shares of the company’s stock after purchasing an additional 2,327 shares during the period. Brown Brothers Harriman & Co.’s holdings in Energizer were worth $519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Clarkston Capital Partners LLC increased its holdings in Energizer by 12.6% in the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock worth $151,660,000 after acquiring an additional 533,831 shares during the last quarter. LSV Asset Management increased its stake in shares of Energizer by 2.0% in the second quarter. LSV Asset Management now owns 1,606,488 shares of the company’s stock worth $47,456,000 after purchasing an additional 31,900 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Energizer by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company’s stock valued at $29,651,000 after purchasing an additional 15,982 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Energizer by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock valued at $29,587,000 after purchasing an additional 19,836 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Energizer by 38.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock valued at $25,778,000 after buying an additional 240,402 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.

Energizer Stock Down 0.9 %

ENR stock opened at $38.43 on Wednesday. The company’s 50 day moving average is $32.55 and its 200 day moving average is $30.77. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 73.90 and a beta of 1.04. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51. Energizer Holdings, Inc. has a 1-year low of $26.92 and a 1-year high of $39.21.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Wednesday, November 27th. Energizer’s dividend payout ratio (DPR) is currently 230.77%.

Insider Activity

In other news, EVP Robin Vauth sold 4,070 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $38.16, for a total transaction of $155,311.20. Following the transaction, the executive vice president now directly owns 9,827 shares in the company, valued at approximately $374,998.32. This represents a 29.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sara B. Hampton sold 2,812 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total value of $108,233.88. Following the completion of the sale, the vice president now owns 4,635 shares of the company’s stock, valued at $178,401.15. The trade was a 37.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,860 shares of company stock worth $334,694. 0.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ENR. JPMorgan Chase & Co. raised shares of Energizer from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $32.00 to $39.00 in a report on Wednesday, November 20th. Evercore ISI decreased their price objective on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $34.00 to $36.00 in a research note on Wednesday, November 20th. Truist Financial upped their price target on Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley raised their price objective on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $37.63.

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.