Cibc World Market Inc. Invests $12.71 Million in Energizer Holdings, Inc. $ENR

Cibc World Market Inc. bought a new position in Energizer Holdings, Inc. (NYSE:ENR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 592,810 shares of the company’s stock, valued at approximately $12,710,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in Energizer during the second quarter worth about $520,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Energizer in the 2nd quarter worth about $4,834,000. Commerce Bank bought a new position in shares of Energizer during the 2nd quarter valued at about $3,565,000. Ieq Capital LLC purchased a new position in shares of Energizer during the 2nd quarter valued at about $348,000. Finally, Allworth Financial LP purchased a new position in shares of Energizer during the 2nd quarter valued at about $53,000. Institutional investors own 93.74% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Aqua Capital, Ltd. acquired 60,000 shares of the firm’s stock in a transaction on Monday, July 20th. The stock was acquired at an average cost of $20.02 per share, for a total transaction of $1,201,200.00. Following the acquisition, the insider owned 7,820,000 shares of the company’s stock, valued at $156,556,400. This trade represents a 0.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders have acquired 413,692 shares of company stock valued at $8,357,139. 1.63% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ENR has been the subject of a number of recent research reports. Morgan Stanley restated a “negative” rating and issued a $21.00 target price on shares of Energizer in a research report on Tuesday, August 4th. UBS Group increased their price target on shares of 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 shares of Energizer in a research note on Wednesday, August 5th. Barclays boosted their price objective on shares of Energizer from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of Energizer from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $21.83.

Energizer Trading Up 0.1%

ENR opened at $21.48 on Tuesday. Energizer Holdings, Inc. has a one year low of $15.75 and a one year high of $30.29. The company has a debt-to-equity ratio of 16.22, a current ratio of 2.07 and a quick ratio of 1.10. The business has a 50 day simple moving average of $21.37 and a two-hundred day simple moving average of $19.90. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 18.20 and a beta of 0.75.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, August 4th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.08). The business had revenue of $734.10 million for the quarter, compared to analysts’ expectations of $720.29 million. Energizer had a net margin of 2.73% and a return on equity of 122.63%. Energizer’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $2.13 earnings per share. Energizer has set its Q4 2026 guidance at 1.250-1.350 EPS and its FY 2026 guidance at 3.600-3.600 EPS. Analysts predict that Energizer Holdings, Inc. will post 3.31 EPS for the current year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Energizer’s payout ratio is presently 101.69%.

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.