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

Shares of Energizer Holdings, Inc. (NYSE:ENR) have been assigned an average rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $37.63.

Several equities analysts have recently commented on the company. Morgan Stanley raised their price target on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Canaccord Genuity Group boosted their price target on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Barclays downgraded shares of Energizer from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $34.00 to $36.00 in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised Energizer from an “underweight” rating to a “neutral” rating and increased their target price for the company from $32.00 to $39.00 in a research report on Wednesday, November 20th.

Energizer Stock Up 1.7 %

Shares of NYSE:ENR opened at $35.59 on Wednesday. The business’s 50 day moving average is $35.26 and its 200 day moving average is $31.94. The stock has a market cap of $2.57 billion, a P/E ratio of 68.44 and a beta of 1.06. Energizer has a 52-week low of $26.92 and a 52-week high of $39.51. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51.

Energizer Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.20 annualized dividend and a dividend yield of 3.37%. Energizer’s dividend payout ratio (DPR) is currently 230.77%.

Insiders Place Their Bets

In other news, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $38.49, for a total value of $108,233.88. Following the transaction, the vice president now directly owns 4,635 shares of the company’s stock, valued at approximately $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robin Vauth sold 4,070 shares of the firm’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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,860 shares of company stock valued at $334,694. Insiders own 0.98% of the company’s stock.

Institutional Trading of Energizer

Several large investors have recently made changes to their positions in ENR. Louisiana State Employees Retirement System boosted its holdings in Energizer by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 33,600 shares of the company’s stock valued at $993,000 after purchasing an additional 500 shares during the last quarter. Bank of New York Mellon Corp raised its position in Energizer by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company’s stock valued at $29,651,000 after acquiring an additional 15,982 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Energizer by 155.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 129,567 shares of the company’s stock valued at $3,827,000 after acquiring an additional 78,895 shares during the period. F M Investments LLC purchased a new stake in Energizer in the 2nd quarter worth approximately $964,000. Finally, Victory Capital Management Inc. grew its stake in shares of Energizer by 192.5% during the 2nd quarter. Victory Capital Management Inc. now owns 372,697 shares of the company’s stock worth $11,009,000 after purchasing an additional 245,285 shares during the period. 93.74% of the stock is 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.