Brown Brothers Harriman & Co. Acquires 2,327 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Brown Brothers Harriman & Co. lifted its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR) by 16.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,327 shares of the company’s stock after purchasing an additional 2,327 shares during the period. Brown Brothers Harriman & Co.’s holdings in Energizer were worth $519,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. US Bancorp DE boosted its holdings in shares of Energizer by 1.6% during the 3rd quarter. US Bancorp DE now owns 19,593 shares of the company’s stock worth $622,000 after buying an additional 308 shares in the last quarter. Capital Insight Partners LLC boosted its stake in Energizer by 2.5% during the second quarter. Capital Insight Partners LLC now owns 13,284 shares of the company’s stock worth $392,000 after acquiring an additional 330 shares in the last quarter. Arizona State Retirement System grew its holdings in Energizer by 1.9% in the second quarter. Arizona State Retirement System now owns 19,091 shares of the company’s stock worth $564,000 after purchasing an additional 353 shares during the period. Avior Wealth Management LLC increased its stake in Energizer by 22.4% in the third quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock valued at $65,000 after purchasing an additional 376 shares in the last quarter. Finally, Great Lakes Advisors LLC raised its holdings in shares of Energizer by 0.3% during the second quarter. Great Lakes Advisors LLC now owns 114,502 shares of the company’s stock valued at $3,382,000 after purchasing an additional 382 shares during the period. Institutional investors and hedge funds own 93.74% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on ENR shares. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Energizer from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $32.00 to $39.00 in a report on Wednesday, November 20th. Canaccord Genuity Group increased their target price on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Evercore ISI reduced their price target on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Energizer from a “hold” rating to a “buy” rating in a report on Tuesday. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $37.63.

Energizer Price Performance

Shares of NYSE:ENR opened at $38.43 on Wednesday. Energizer Holdings, Inc. has a 1-year low of $26.92 and a 1-year high of $39.21. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51. The stock has a market cap of $2.76 billion, a PE ratio of 73.90 and a beta of 1.04. The stock’s fifty day simple moving average is $32.55 and its two-hundred day simple moving average is $30.77.

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.12%. The ex-dividend date is Wednesday, November 27th. Energizer’s dividend payout ratio (DPR) is presently 230.77%.

Insiders Place Their Bets

In other news, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the sale, the vice president now directly owns 4,635 shares in the company, valued at $178,401.15. The trade was a 37.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Robin Vauth sold 1,978 shares of the business’s stock in a transaction dated 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. This trade represents a 25.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,860 shares of company stock valued at $334,694. Corporate insiders own 0.77% of the company’s stock.

Energizer Profile

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.