Energizer Holdings, Inc. (NYSE:ENR) Stock Position Lowered by Commerce Bank

Commerce Bank decreased its position in Energizer Holdings, Inc. (NYSE:ENR) by 35.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 173,632 shares of the company’s stock after selling 96,982 shares during the period. Commerce Bank’s holdings in Energizer were worth $5,515,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ENR. Prospera Private Wealth LLC acquired a new stake in shares of Energizer in the third quarter worth $42,000. Avior Wealth Management LLC grew its stake in Energizer by 22.4% during the 3rd quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock valued at $65,000 after acquiring an additional 376 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Energizer in the 3rd quarter valued at about $587,000. Clarkston Capital Partners LLC lifted its position in shares of Energizer by 12.6% in the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock worth $151,660,000 after purchasing an additional 533,831 shares in the last quarter. Finally, Chesapeake Capital Corp IL acquired a new stake in shares of Energizer during the third quarter worth approximately $427,000. 93.74% of the stock is owned by institutional investors and hedge funds.

Energizer Trading Up 1.1 %

Shares of ENR stock opened at $38.09 on Friday. Energizer Holdings, Inc. has a 12 month low of $26.92 and a 12 month high of $39.21. The company has a market cap of $2.73 billion, a PE ratio of 73.25 and a beta of 1.04. The company has a quick ratio of 1.01, a current ratio of 1.80 and a debt-to-equity ratio of 23.51. The business’s 50 day moving average is $31.99 and its two-hundred day moving average is $30.57.

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.20 annualized dividend and a yield of 3.15%. Energizer’s dividend payout ratio (DPR) is presently 230.77%.

Insiders Place Their Bets

In other news, EVP Robin Vauth sold 1,978 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total transaction of $71,148.66. Following the completion of the transaction, the executive vice president now directly owns 5,758 shares in the company, valued at $207,115.26. The trade was a 25.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. raised shares of Energizer from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $32.00 to $39.00 in a research note on Wednesday. Evercore ISI cut their price objective on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $34.00 to $36.00 in a research note on Wednesday. Finally, Canaccord Genuity Group raised their price target on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday. Seven research 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.com, the stock has a consensus rating of “Hold” and a consensus price target of $37.63.

About Energizer

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.