Energizer Holdings, Inc. (NYSE:ENR) Receives Average Rating of “Hold” from Analysts

Shares of Energizer Holdings, Inc. (NYSE:ENR) have earned an average rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $37.63.

A number of equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Truist Financial increased their target price on Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Canaccord Genuity Group lifted their price target on Energizer from $32.00 to $36.00 and gave the company a “hold” 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 stock from $32.00 to $39.00 in a research note on Wednesday, November 20th. Finally, Barclays lowered Energizer from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th.

Insiders Place Their Bets

In related news, EVP Robin Vauth sold 4,070 shares of Energizer stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $38.16, for a total value of $155,311.20. Following the completion of the sale, the executive vice president now directly owns 9,827 shares in the company, valued at $374,998.32. This trade represents a 29.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Sara B. Hampton sold 2,812 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the transaction, the vice president now owns 4,635 shares in the company, valued at $178,401.15. The trade was a 37.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,860 shares of company stock valued at $334,694. 0.98% of the stock is currently owned by corporate insiders.

Institutional Trading of Energizer

A number of institutional investors and hedge funds 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 third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock worth $151,660,000 after purchasing an additional 533,831 shares during the last quarter. Victory Capital Management Inc. raised its position in Energizer by 192.5% during the 2nd quarter. Victory Capital Management Inc. now owns 372,697 shares of the company’s stock worth $11,009,000 after buying an additional 245,285 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 last quarter. Verition Fund Management LLC increased its stake in shares of Energizer by 56.5% in the third quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock worth $16,727,000 after acquiring an additional 190,195 shares during the period. Finally, Zacks Investment Management acquired a new stake in shares of Energizer in the third quarter worth $3,910,000. Institutional investors and hedge funds own 93.74% of the company’s stock.

Energizer Stock Down 0.2 %

Shares of Energizer stock opened at $35.44 on Wednesday. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 68.16 and a beta of 1.06. The firm’s 50-day moving average is $35.44 and its two-hundred day moving average is $32.06. Energizer has a 1 year low of $26.92 and a 1 year high of $39.51.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date was Wednesday, November 27th. Energizer’s dividend payout ratio (DPR) is presently 230.77%.

Energizer Company 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.