Man Group plc Buys Shares of 214,734 Energizer Holdings, Inc. $ENR

Man Group plc acquired a new position in shares of Energizer Holdings, Inc. (NYSE:ENR) in the second quarter, HoldingsChannel.com reports. The firm acquired 214,734 shares of the company’s stock, valued at approximately $4,604,000.

A number of other institutional investors have also added to or reduced their stakes in ENR. Lotus Technology Management LP acquired a new stake in Energizer during the 2nd quarter valued at $578,000. Jupiter Topco LLC acquired a new stake in shares of Energizer during the 2nd quarter worth about $10,116,000. Legal & General Group Plc acquired a new stake in shares of Energizer during the 2nd quarter worth about $2,932,000. The Manufacturers Life Insurance Company bought a new stake in shares of Energizer during the 2nd quarter worth about $485,000. Finally, Cibc World Market Inc. bought a new stake in shares of Energizer during the 2nd quarter worth about $12,710,000. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ENR shares. Canaccord Genuity Group set a $18.00 price target on shares of Energizer in a report on Wednesday, August 5th. UBS Group boosted their price objective on Energizer from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Energizer in a research report on Wednesday, June 24th. JPMorgan Chase & Co. increased their target price on Energizer from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Finally, Barclays lifted their price target on Energizer from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $21.83.

Insider Transactions at Energizer

In related news, major shareholder Aqua Capital, Ltd. purchased 60,000 shares of Energizer stock in a transaction that occurred on Thursday, July 23rd. The shares were acquired at an average price of $20.25 per share, with a total value of $1,215,000.00. Following the completion of the transaction, the insider directly owned 7,940,000 shares of the company’s stock, valued at $160,785,000. This represents a 0.76% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 375,686 shares of company stock worth $7,665,050 over the last 90 days. Corporate insiders own 1.63% of the company’s stock.

Energizer Trading Up 0.6%

ENR stock opened at $22.40 on Monday. Energizer Holdings, Inc. has a 52 week low of $15.75 and a 52 week high of $30.29. The company has a market capitalization of $1.53 billion, a PE ratio of 18.98 and a beta of 0.75. The company’s 50-day simple moving average is $21.47 and its 200 day simple moving average is $19.87. The company has a debt-to-equity ratio of 16.22, a quick ratio of 1.10 and a current ratio of 2.07.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.08). The business had revenue of $734.10 million during the quarter, compared to analyst estimates of $720.29 million. Energizer had a return on equity of 122.63% and a net margin of 2.73%.Energizer’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm 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. As a group, sell-side analysts anticipate that Energizer Holdings, Inc. will post 3.31 earnings per share for the current year.

Energizer Dividend Announcement

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