BlackRock Inc. Purchases New Position in Energizer Holdings, Inc. $ENR

BlackRock Inc. purchased a new stake in Energizer Holdings, Inc. (NYSE:ENR) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 9,412,130 shares of the company’s stock, valued at approximately $201,796,000. BlackRock Inc. owned about 0.14% of Energizer at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. PNC Financial Services Group Inc. grew 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 lifted its stake in shares of Energizer by 148.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,077 shares of the company’s stock valued at $41,000 after purchasing an additional 1,240 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Energizer in the 3rd quarter valued at $47,000. Public Employees Retirement System of Ohio boosted its holdings in Energizer by 25.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,479 shares of the company’s stock worth $49,000 after buying an additional 503 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in Energizer during the fourth quarter worth $60,000. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Aqua Capital, Ltd. purchased 60,000 shares of the company’s stock in a transaction on Monday, July 20th. The stock was bought at an average price of $20.02 per share, with a total value of $1,201,200.00. Following the completion of the transaction, the insider owned 7,820,000 shares of the company’s stock, valued at approximately $156,556,400. This represents a 0.77% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have bought 413,692 shares of company stock worth $8,357,139. Company insiders own 1.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ENR shares. Morgan Stanley restated a “negative” rating and set a $21.00 price target on shares of Energizer in a research report on Tuesday, August 4th. Barclays increased their target price on shares of Energizer from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. UBS Group raised their target price on Energizer from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Canaccord Genuity Group set a $18.00 price target on Energizer in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. upped their price target on Energizer from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Energizer presently has a consensus rating of “Reduce” and a consensus target price of $21.83.

Energizer Trading Up 1.1%

ENR stock opened at $22.20 on Friday. Energizer Holdings, Inc. has a 12-month low of $15.75 and a 12-month high of $30.29. The business’s 50-day moving average is $21.46 and its 200 day moving average is $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. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 18.81 and a beta of 0.75.

Energizer (NYSE:ENR) last announced its earnings results on Tuesday, August 4th. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.08). The firm had revenue of $734.10 million for the quarter, compared to analyst estimates of $720.29 million. Energizer had a net margin of 2.73% and a return on equity of 122.63%. Energizer’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $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. On average, sell-side analysts anticipate that Energizer Holdings, Inc. will post 3.31 EPS for the current fiscal year.

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be given a $0.30 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $1.20 annualized dividend and a yield of 5.4%. 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.