The Manufacturers Life Insurance Company Sells 495 Shares of Energizer Holdings, Inc. (NYSE:ENR)

The Manufacturers Life Insurance Company lessened its stake in Energizer Holdings, Inc. (NYSE:ENR) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,237 shares of the company’s stock after selling 495 shares during the quarter. The Manufacturers Life Insurance Company owned 0.05% of Energizer worth $1,151,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ENR. Brown Brothers Harriman & Co. lifted its stake in Energizer by 16.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 16,327 shares of the company’s stock valued at $519,000 after acquiring an additional 2,327 shares in the last quarter. Cerity Partners LLC grew its position in Energizer by 23.0% in the third quarter. Cerity Partners LLC now owns 74,081 shares of the company’s stock valued at $2,353,000 after purchasing an additional 13,876 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Energizer by 2.2% in 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 last quarter. Intech Investment Management LLC bought a new stake in Energizer during the 3rd quarter worth about $595,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of Energizer during the 3rd quarter worth about $42,000. Institutional investors own 93.74% of the company’s stock.

Energizer Stock Performance

Shares of NYSE:ENR opened at $36.72 on Thursday. The company’s 50 day simple moving average is $34.49 and its 200 day simple moving average is $31.45. 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 Holdings, Inc. has a 1 year low of $26.92 and a 1 year high of $39.51. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 70.62 and a beta of 1.06.

Energizer Dividend Announcement

The firm also recently disclosed 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. This represents a $1.20 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Wednesday, November 27th. Energizer’s dividend payout ratio (DPR) is presently 230.77%.

Insiders Place Their Bets

In related news, VP Sara B. Hampton sold 2,812 shares of the firm’s 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 sale, the vice president now owns 4,635 shares of the company’s stock, valued at $178,401.15. This trade represents a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Robin Vauth sold 1,978 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 5,758 shares in the company, valued at approximately $207,115.26. This trade represents a 25.57 % decrease in their ownership of the stock. 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. 0.77% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ENR. StockNews.com upgraded Energizer from a “hold” rating to a “buy” rating in a report on Thursday. Canaccord Genuity Group upped their price target on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Barclays downgraded shares of Energizer from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $34.00 to $36.00 in a research report on Wednesday, November 20th. Morgan Stanley raised their target price on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised Energizer from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $32.00 to $39.00 in a research report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $37.63.

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.