Wedge Capital Management L L P NC Buys Shares of 57,801 Energizer Holdings, Inc. $ENR

Wedge Capital Management L L P NC purchased a new stake in Energizer Holdings, Inc. (NYSE:ENR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 57,801 shares of the company’s stock, valued at approximately $1,439,000.

Other hedge funds have also modified their holdings of the company. Brandywine Global Investment Management LLC boosted its stake in Energizer by 19.8% during the second quarter. Brandywine Global Investment Management LLC now owns 315,378 shares of the company’s stock worth $6,358,000 after buying an additional 52,200 shares during the period. Clarkston Capital Partners LLC raised its stake in shares of Energizer by 13.9% in the 2nd quarter. Clarkston Capital Partners LLC now owns 4,789,400 shares of the company’s stock valued at $96,554,000 after acquiring an additional 583,465 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Energizer in the 2nd quarter worth approximately $5,825,000. International Assets Investment Management LLC purchased a new position in shares of Energizer during the 2nd quarter worth approximately $406,000. Finally, US Bancorp DE boosted its position in shares of Energizer by 108.7% during the 2nd quarter. US Bancorp DE now owns 37,527 shares of the company’s stock worth $757,000 after purchasing an additional 19,543 shares during the period. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on ENR. UBS Group cut their target price on Energizer from $26.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, December 8th. Wall Street Zen cut Energizer from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Morgan Stanley cut their price objective on Energizer from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. Zacks Research cut Energizer from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. dropped their target price on Energizer from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Energizer presently has an average rating of “Hold” and an average target price of $27.00.

Insider Buying and Selling

In other news, Director Donal L. Mulligan purchased 15,000 shares of the stock in a transaction on Tuesday, December 2nd. The stock was bought at an average price of $17.40 per share, for a total transaction of $261,000.00. Following the acquisition, the director directly owned 25,000 shares of the company’s stock, valued at approximately $435,000. The trade was a 150.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark Stephen Lavigne acquired 10,000 shares of Energizer stock in a transaction dated Tuesday, December 2nd. The stock was purchased at an average price of $17.11 per share, for a total transaction of $171,100.00. Following the completion of the acquisition, the chief executive officer directly owned 464,889 shares in the company, valued at approximately $7,954,250.79. This represents a 2.20% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 26,000 shares of company stock valued at $449,240 in the last quarter. 1.63% of the stock is owned by insiders.

Energizer Stock Up 0.9%

Shares of NYSE ENR opened at $19.95 on Wednesday. The stock has a market cap of $1.37 billion, a P/E ratio of 6.01 and a beta of 0.63. The business’s fifty day simple moving average is $21.37 and its 200-day simple moving average is $23.70. Energizer Holdings, Inc. has a 12-month low of $16.77 and a 12-month high of $35.90. The company has a current ratio of 2.11, a quick ratio of 1.13 and a debt-to-equity ratio of 20.06.

Energizer (NYSE:ENR) last issued its quarterly earnings results on Tuesday, November 18th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.07). The company had revenue of $832.80 million for the quarter, compared to analysts’ expectations of $830.45 million. Energizer had a return on equity of 161.50% and a net margin of 8.09%.Energizer’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 EPS. Energizer has set its Q1 2026 guidance at -0.080-0.090 EPS and its FY 2026 guidance at 3.300-3.600 EPS. As a group, equities analysts predict that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $1.20 annualized dividend and a yield of 6.0%. Energizer’s dividend payout ratio (DPR) is 36.14%.

Energizer Company 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.