Point72 DIFC Ltd Makes New $140,000 Investment in Energizer Holdings, Inc. (NYSE:ENR)

Point72 DIFC Ltd acquired a new stake in Energizer Holdings, Inc. (NYSE:ENR) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,401 shares of the company’s stock, valued at approximately $140,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ENR. M&G Plc lifted its position in Energizer by 33.0% in the second quarter. M&G Plc now owns 237,337 shares of the company’s stock valued at $7,120,000 after purchasing an additional 58,933 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 worth $29,587,000 after buying an additional 19,836 shares during the period. Seizert Capital Partners LLC raised its holdings in Energizer by 29.0% during the 3rd quarter. Seizert Capital Partners LLC now owns 181,773 shares of the company’s stock valued at $5,773,000 after buying an additional 40,891 shares during the last quarter. Clarkston Capital Partners LLC boosted its position in Energizer by 12.6% during the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after buying an additional 533,831 shares during the period. Finally, Gabelli Funds LLC grew its holdings in Energizer by 6.1% in the 2nd quarter. Gabelli Funds LLC now owns 384,650 shares of the company’s stock worth $11,363,000 after acquiring an additional 22,100 shares during the last quarter. Institutional investors own 93.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ENR. JPMorgan Chase & Co. upgraded shares of Energizer from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $32.00 to $39.00 in a report on Wednesday, November 20th. StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Truist Financial upped their target price on Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Barclays cut shares of Energizer from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $34.00 to $36.00 in a report on Wednesday, November 20th. Finally, Morgan Stanley upped their price objective on shares of Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $37.63.

Energizer Trading Down 2.4 %

Shares of NYSE ENR opened at $37.88 on Monday. Energizer Holdings, Inc. has a 1 year low of $26.92 and a 1 year high of $39.51. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. The firm has a 50-day moving average of $34.15 and a 200 day moving average of $31.28. The stock has a market cap of $2.72 billion, a P/E ratio of 72.85 and a beta of 1.06.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $0.30 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.17%. Energizer’s dividend payout ratio is currently 230.77%.

Insider Buying and Selling

In related news, EVP Robin Vauth sold 1,978 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total transaction of $71,148.66. Following the sale, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at approximately $207,115.26. This represents a 25.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Sara B. Hampton sold 2,812 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the sale, the vice president now owns 4,635 shares of the company’s stock, valued at approximately $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,860 shares of company stock worth $334,694 in the last 90 days. Insiders own 0.77% of the company’s stock.

Energizer 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.