Connor Clark & Lunn Investment Management Ltd. Cuts Position in Energizer Holdings, Inc. (NYSE:ENR)

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR) by 54.6% in the third quarter, HoldingsChannel.com reports. The fund owned 47,695 shares of the company’s stock after selling 57,419 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Energizer were worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of ENR. Clarkston Capital Partners LLC grew its holdings in Energizer by 12.6% during the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after purchasing an additional 533,831 shares during the period. Victory Capital Management Inc. increased its holdings in Energizer by 192.5% in the 2nd quarter. Victory Capital Management Inc. now owns 372,697 shares of the company’s stock worth $11,009,000 after acquiring an additional 245,285 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Energizer by 38.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock valued at $25,778,000 after acquiring an additional 240,402 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Energizer by 155.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 129,567 shares of the company’s stock valued at $3,827,000 after purchasing an additional 78,895 shares during the last quarter. Finally, Profit Investment Management LLC bought a new position in Energizer during the third quarter worth about $2,238,000. 93.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ENR shares. JPMorgan Chase & Co. raised shares of Energizer from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $32.00 to $39.00 in a report on Wednesday, November 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research report on Wednesday, August 7th. StockNews.com raised Energizer from a “hold” rating to a “buy” rating in a report on Tuesday. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $34.00 to $36.00 in a research note on Wednesday, November 20th. Finally, Morgan Stanley upped their price target on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $37.63.

Energizer Stock Down 0.9 %

Shares of NYSE ENR opened at $38.43 on Wednesday. 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 business has a 50-day moving average of $32.55 and a 200-day moving average of $30.77. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 73.90 and a beta of 1.04. Energizer Holdings, Inc. has a 12 month low of $26.92 and a 12 month high of $39.21.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a yield of 3.12%. Energizer’s dividend payout ratio is presently 230.77%.

Insider Activity

In other Energizer news, VP Sara B. Hampton sold 2,812 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the sale, the vice president now directly owns 4,635 shares in the company, valued at $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Robin Vauth sold 4,070 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total transaction of $155,311.20. Following the completion of the transaction, the executive vice president now owns 9,827 shares in the company, valued at $374,998.32. This represents a 29.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,860 shares of company stock worth $334,694. 0.77% of the stock is currently owned by corporate insiders.

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.