Energizer (NYSE:ENR) Sets New 12-Month High – What’s Next?

Energizer Holdings, Inc. (NYSE:ENR)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.22 and last traded at $39.22, with a volume of 288118 shares traded. The stock had previously closed at $38.11.

Analyst Ratings Changes

Several research firms have weighed in on ENR. StockNews.com upgraded shares of Energizer from a “hold” rating to a “buy” rating in a report on Tuesday, November 26th. Truist Financial increased their target price on Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Energizer from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $32.00 to $39.00 in a research report on Wednesday, November 20th. Canaccord Genuity Group lifted their price objective on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley upped their target price on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $37.63.

Energizer Price Performance

The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 73.29 and a beta of 1.04. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.00 and a current ratio of 1.80. The company’s fifty day moving average is $33.28 and its two-hundred day moving average is $30.99.

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.05%. The ex-dividend date is Wednesday, November 27th. Energizer’s dividend payout ratio (DPR) is presently 230.77%.

Insider Buying and Selling at Energizer

In other news, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 4,635 shares in the company, valued at approximately $178,401.15. This represents a 37.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robin Vauth sold 1,978 shares of the firm’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 sale, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at $207,115.26. The trade was a 25.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,860 shares of company stock valued at $334,694 over the last 90 days. 0.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ENR. Clarkston Capital Partners LLC raised its stake in shares of Energizer by 12.6% in the 3rd 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 in the last quarter. Victory Capital Management Inc. increased its holdings in Energizer by 192.5% in the second quarter. Victory Capital Management Inc. now owns 372,697 shares of the company’s stock valued at $11,009,000 after buying an additional 245,285 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Energizer by 38.0% during the second quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock valued at $25,778,000 after buying an additional 240,402 shares in the last quarter. Verition Fund Management LLC lifted its holdings in Energizer by 56.5% during the 3rd quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock worth $16,727,000 after buying an additional 190,195 shares during the last quarter. Finally, Zacks Investment Management acquired a new position in shares of Energizer in the 3rd quarter worth approximately $3,910,000. 93.74% of the stock is currently owned by institutional investors.

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.