Legal & General Group Plc Makes New $2.93 Million Investment in Energizer Holdings, Inc. $ENR

by · The Markets Daily

Legal & General Group Plc purchased a new position in Energizer Holdings, Inc. (NYSE:ENR – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 136,745 shares of the company’s stock, valued at approximately $2,932,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. bought a new stake in Energizer during the second quarter worth approximately $201,796,000. Clarkston Capital Partners LLC boosted its stake in Energizer by 9.7% during the 4th quarter. Clarkston Capital Partners LLC now owns 4,227,520 shares of the company’s stock valued at $84,085,000 after purchasing an additional 372,465 shares in the last quarter. LSV Asset Management increased its position in shares of Energizer by 3.4% during the 4th quarter. LSV Asset Management now owns 3,553,474 shares of the company’s stock valued at $70,679,000 after purchasing an additional 116,900 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Energizer by 148,623.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,794,522 shares of the company’s stock valued at $55,583,000 after purchasing an additional 2,792,643 shares during the period. Finally, State Street Corp raised its stake in shares of Energizer by 0.5% in the 4th quarter. State Street Corp now owns 2,490,608 shares of the company’s stock worth $49,538,000 after buying an additional 13,200 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.

Energizer Trading Up 3.2%

NYSE:ENR opened at $21.32 on Friday. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 16.22. Energizer Holdings, Inc. has a 1-year low of $15.75 and a 1-year high of $30.29. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 18.07 and a beta of 0.77. The stock has a fifty day simple moving average of $21.38 and a 200 day simple moving average of $19.83.

Energizer (NYSE:ENR – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.08). The company had revenue of $734.10 million during 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 company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Sell-side analysts forecast that Energizer Holdings, Inc. will post 3.31 earnings per share for the current year.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Energizer’s dividend payout ratio (DPR) is 101.69%.

Insider Activity

In other news, major shareholder Aqua Capital, Ltd. purchased 60,000 shares of the business’s stock in a transaction dated Thursday, July 23rd. The shares were acquired at an average price of $20.25 per share, for a total transaction of $1,215,000.00. Following the completion of the acquisition, the insider directly owned 7,940,000 shares of the company’s stock, valued at $160,785,000. The trade was a 0.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased a total of 340,000 shares of company stock worth $7,007,000 in the last quarter. 1.63% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ENR. Morgan Stanley reaffirmed a “negative” rating and set a $21.00 target price on shares of Energizer in a research note on Tuesday, August 4th. UBS Group boosted their price target on shares of Energizer from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Canaccord Genuity Group set a $18.00 price target on shares of Energizer in a report on Wednesday, August 5th. Barclays raised their price objective 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. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Energizer in a report on Wednesday, June 24th. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $21.83.

Check Out Our Latest Research Report on ENR

About Energizer

(Free Report)

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.

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