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

Shares of Energizer Holdings, Inc. (NYSE:ENR) have been given a consensus rating of “Hold” by the eight brokerages that are covering the company, MarketBeat Ratings reports. Six equities research 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 brokerages that have issued a report on the stock in the last year is $37.63.

A number of analysts recently commented on ENR shares. 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 research report on Wednesday, November 20th. Evercore ISI decreased their price target on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Morgan Stanley raised 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. StockNews.com raised Energizer from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Truist Financial raised 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.

Energizer Stock Performance

Shares of ENR opened at $38.11 on Friday. 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 company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 73.29 and a beta of 1.04. The stock has a 50 day moving average of $33.10 and a 200 day moving average of $30.93. Energizer has a 12 month low of $26.92 and a 12 month high of $39.21.

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Wednesday, November 27th. Energizer’s payout ratio is currently 230.77%.

Insider Activity at Energizer

In other news, EVP Robin Vauth sold 4,070 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 9,827 shares of the company’s stock, valued at approximately $374,998.32. The trade was a 29.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Sara B. Hampton sold 2,812 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.49, for a total value of $108,233.88. Following the completion of the sale, the vice president now directly owns 4,635 shares of the company’s stock, valued at approximately $178,401.15. This trade represents a 37.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,860 shares of company stock valued at $334,694. Company insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Energizer

A number of hedge funds and other institutional investors have recently modified their holdings of ENR. Clarkston Capital Partners LLC raised its position 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. 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 valued at $11,009,000 after purchasing an additional 245,285 shares during the last quarter. Dimensional Fund Advisors LP raised its position in 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 purchasing an additional 240,402 shares during the last quarter. Verition Fund Management LLC raised its position in Energizer by 56.5% during the 3rd quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock valued at $16,727,000 after purchasing an additional 190,195 shares during the last quarter. Finally, Zacks Investment Management bought a new position in Energizer during the 3rd quarter valued at approximately $3,910,000. Institutional investors own 93.74% of the company’s stock.

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.