Connor Clark & Lunn Investment Management Ltd. Invests $4.83 Million in Energizer Holdings, Inc. $ENR

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Energizer Holdings, Inc. (NYSE:ENR) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 225,485 shares of the company’s stock, valued at approximately $4,834,000.

Several other institutional investors have also recently added to or reduced their stakes in ENR. Commerce Bank acquired a new position in Energizer in the second quarter valued at approximately $3,565,000. Ieq Capital LLC acquired a new stake in Energizer during the second quarter worth approximately $348,000. Allworth Financial LP acquired a new stake in Energizer during the second quarter worth approximately $53,000. BlackRock Inc. purchased a new stake in shares of Energizer during the 2nd quarter worth approximately $201,796,000. Finally, Deutsche Bank AG purchased a new stake in shares of Energizer during the 2nd quarter worth approximately $1,593,000. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Insider Transactions at Energizer

In other Energizer news, major shareholder Aqua Capital, Ltd. acquired 60,000 shares of the company’s stock in a transaction on Monday, July 20th. The shares were bought at an average cost of $20.02 per share, for a total transaction of $1,201,200.00. Following the completion of the purchase, the insider owned 7,820,000 shares in the company, valued at $156,556,400. This trade represents a 0.77% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have acquired 413,692 shares of company stock worth $8,357,139. Company insiders own 1.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ENR. Weiss Ratings restated a “hold (c-)” rating on shares of Energizer in a report on Wednesday, June 24th. Barclays boosted their price target on shares of 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. upped their price objective on shares of Energizer from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Morgan Stanley reaffirmed a “negative” rating and set a $21.00 price objective on shares of Energizer in a report on Tuesday, August 4th. Finally, UBS Group lifted their target price on Energizer from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $21.83.

Energizer Price Performance

ENR stock opened at $22.20 on Friday. The company has a market capitalization of $1.52 billion, a P/E ratio of 18.81 and a beta of 0.75. Energizer Holdings, Inc. has a twelve month low of $15.75 and a twelve month high of $30.29. The business has a 50 day simple moving average of $21.46 and a 200-day simple moving average of $19.87. 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) last announced its earnings results on Tuesday, August 4th. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.08). The business had revenue of $734.10 million for 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 business’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $2.13 earnings per share. 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, equities analysts anticipate that Energizer Holdings, Inc. will post 3.31 EPS for the current year.

Energizer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, August 19th. Energizer’s dividend payout ratio (DPR) is presently 101.69%.

Energizer Profile

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.