Clarkston Capital Partners LLC Has $142.25 Million Stock Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Clarkston Capital Partners LLC trimmed its position in Energizer Holdings, Inc. (NYSE:ENR) by 14.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,077,205 shares of the company’s stock after selling 697,972 shares during the period. Energizer comprises approximately 2.7% of Clarkston Capital Partners LLC’s holdings, making the stock its 13th largest holding. Clarkston Capital Partners LLC owned about 5.65% of Energizer worth $142,254,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its holdings in Energizer by 21.6% in the fourth quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company’s stock valued at $71,000 after acquiring an additional 360 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Energizer by 6.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 54,122 shares of the company’s stock valued at $1,888,000 after purchasing an additional 3,241 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Energizer in the 4th quarter valued at about $324,000. Wells Fargo & Company MN grew its position in shares of Energizer by 2.7% during the 4th quarter. Wells Fargo & Company MN now owns 155,300 shares of the company’s stock worth $5,418,000 after buying an additional 4,144 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Energizer during the fourth quarter worth approximately $730,000. Institutional investors own 93.74% of the company’s stock.

Energizer Price Performance

NYSE ENR opened at $28.41 on Friday. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80. Energizer Holdings, Inc. has a 52-week low of $26.92 and a 52-week high of $39.52. The business has a 50 day simple moving average of $30.93 and a 200 day simple moving average of $33.10. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 35.97 and a beta of 0.92.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. The business had revenue of $731.70 million for the quarter, compared to analyst estimates of $726.23 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $0.59 earnings per share. Analysts anticipate that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 20th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.22%. Energizer’s payout ratio is presently 151.90%.

Analyst Upgrades and Downgrades

ENR has been the subject of a number of analyst reports. UBS Group lowered their target price on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research note on Thursday, January 30th. StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. decreased their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Barclays cut their price target on shares of Energizer from $36.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $37.88.

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.