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

Energizer Holdings, Inc. (NYSE:ENR) has earned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $37.63.

ENR has been the topic of a number of recent analyst reports. 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 raised their price target on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Morgan Stanley boosted their target price on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised Energizer from an “underweight” rating to a “neutral” rating and increased their price target for the company from $32.00 to $39.00 in a report on Wednesday, November 20th. Finally, StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

Energizer Stock Performance

NYSE ENR opened at $35.59 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. Energizer has a twelve month low of $26.92 and a twelve month high of $39.51. The stock has a 50-day moving average of $35.26 and a 200 day moving average of $31.94. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 68.44 and a beta of 1.06.

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date was Wednesday, November 27th. Energizer’s dividend payout ratio is presently 230.77%.

Insider Buying and Selling at Energizer

In related news, EVP Robin Vauth sold 4,070 shares of Energizer stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total value of $155,311.20. Following the completion of the transaction, the executive vice president now directly owns 9,827 shares in the company, valued at approximately $374,998.32. This trade represents a 29.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Sara B. Hampton sold 2,812 shares of the firm’s stock in a transaction 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,860 shares of company stock worth $334,694 over the last three months. Insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On Energizer

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clarkston Capital Partners LLC grew its position 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 buying an additional 533,831 shares during the last quarter. LSV Asset Management boosted its position in shares of Energizer by 2.0% in the 2nd quarter. LSV Asset Management now owns 1,606,488 shares of the company’s stock valued at $47,456,000 after purchasing an additional 31,900 shares during the period. Bank of New York Mellon Corp grew its stake in Energizer by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company’s stock worth $29,651,000 after buying an additional 15,982 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Energizer by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock worth $29,587,000 after buying an additional 19,836 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Energizer by 38.0% in the second 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. 93.74% of the stock is owned by institutional investors and hedge funds.

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.