Energizer (NYSE:ENR) Cut to Hold at StockNews.com

StockNews.com cut shares of Energizer (NYSE:ENR) from a buy rating to a hold rating in a research note published on Friday morning.

Several other brokerages have also recently commented on ENR. Canaccord Genuity Group lifted 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. UBS Group lowered their target price on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday. Morgan Stanley upped their target price on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Truist Financial raised their price target on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $34.00 to $36.00 in a report on Wednesday, November 20th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $38.38.

Energizer Price Performance

Energizer stock opened at $35.29 on Friday. The business’s 50-day simple moving average is $36.14 and its 200 day simple moving average is $32.70. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 67.87 and a beta of 1.07. Energizer has a 12-month low of $26.92 and a 12-month high of $39.51.

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.20 annualized dividend and a dividend yield of 3.40%. Energizer’s dividend payout ratio is 230.77%.

Insiders Place Their Bets

In related news, VP Sara B. Hampton sold 2,812 shares of Energizer 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 sale, the vice president now directly owns 4,635 shares of the company’s stock, valued at approximately $178,401.15. The trade was a 37.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robin Vauth sold 4,070 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total transaction of $155,311.20. Following the sale, the executive vice president now directly owns 9,827 shares in the company, valued at approximately $374,998.32. The trade was a 29.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,860 shares of company stock worth $334,694 over the last three months. Insiders own 0.98% of the company’s stock.

Institutional Trading of Energizer

Several institutional investors have recently added to or reduced their stakes in the stock. Clarkston Capital Partners LLC boosted its position in Energizer by 12.6% during the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after acquiring an additional 533,831 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 purchasing an additional 19,836 shares during the period. Dimensional Fund Advisors LP boosted its position 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 purchasing an additional 240,402 shares in the last quarter. Principal Financial Group Inc. grew its stake in Energizer by 4.6% during the third quarter. Principal Financial Group Inc. now owns 861,755 shares of the company’s stock worth $27,369,000 after purchasing an additional 37,713 shares during the period. Finally, Verition Fund Management LLC increased its holdings in 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 purchasing an additional 190,195 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.

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.