Energizer Holdings, Inc. (NYSE:ENR) Given Average Recommendation of “Hold” by Analysts

Shares of Energizer Holdings, Inc. (NYSE:ENR) have been assigned a consensus rating of “Hold” from the eight brokerages that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $37.63.

Several research analysts have recently issued reports on the company. Truist Financial increased their target price on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. StockNews.com raised Energizer from a “hold” rating to a “buy” rating in a research report on Tuesday. Canaccord Genuity Group increased their target price on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Barclays lowered Energizer from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. Finally, Morgan Stanley increased their target price on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th.

Energizer Trading Down 0.4 %

ENR opened at $38.11 on Friday. Energizer has a one year low of $26.92 and a one year high of $39.21. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 73.29 and a beta of 1.04. The business has a 50 day simple moving average of $33.10 and a two-hundred day simple moving average of $30.93. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00.

Energizer Dividend Announcement

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 paid a $0.30 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.20 annualized dividend and a dividend yield of 3.15%. Energizer’s payout ratio is currently 230.77%.

Insider Buying and Selling

In other Energizer news, VP Sara B. Hampton sold 2,812 shares of the 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 approximately $178,401.15. This trade represents a 37.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Robin Vauth sold 1,978 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total value of $71,148.66. Following the sale, the executive vice president now owns 5,758 shares in the company, valued at approximately $207,115.26. This represents a 25.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,860 shares of company stock worth $334,694 in the last 90 days. Insiders own 0.77% of the company’s stock.

Institutional Trading of Energizer

Several institutional investors have recently added to or reduced their stakes in the business. Clarkston Capital Partners LLC boosted its stake in Energizer by 12.6% during 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 during the last quarter. LSV Asset Management boosted its stake in Energizer by 2.0% during 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 last quarter. Bank of New York Mellon Corp boosted 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 valued at $29,651,000 after purchasing an additional 15,982 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Energizer by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock valued at $29,587,000 after buying an additional 19,836 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Energizer by 38.0% during the 2nd 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 during the period. 93.74% of the stock is currently owned by hedge funds and other 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.