Vanguard Group Inc. cut its position in shares of Energizer Holdings, Inc. (NYSE:ENR – Free Report) by 10.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,453,811 shares of the company’s stock after selling 950,466 shares during the quarter. Vanguard Group Inc. owned about 12.38% of Energizer worth $210,415,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. AdvisorNet Financial Inc purchased a new stake in shares of Energizer in the third quarter worth $29,000. Versant Capital Management Inc grew its stake in shares of Energizer by 92.4% during the third quarter. Versant Capital Management Inc now owns 1,233 shares of the company’s stock worth $31,000 after acquiring an additional 592 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of Energizer by 967.1% in the second quarter. Hantz Financial Services Inc. now owns 1,782 shares of the company’s stock worth $36,000 after purchasing an additional 1,615 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Energizer by 93.8% during the third quarter. Smartleaf Asset Management LLC now owns 1,992 shares of the company’s stock worth $50,000 after purchasing an additional 964 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Energizer by 27.8% during the 3rd quarter. Blue Trust Inc. now owns 2,407 shares of the company’s stock valued at $60,000 after buying an additional 524 shares in the last quarter. 93.74% of the stock is owned by institutional investors.
Energizer Stock Down 1.7%
Shares of NYSE ENR opened at $21.58 on Monday. The firm’s 50 day moving average price is $21.38 and its 200 day moving average price is $23.19. The company has a debt-to-equity ratio of 23.49, a quick ratio of 1.07 and a current ratio of 1.99. The firm has a market cap of $1.48 billion, a P/E ratio of 7.26 and a beta of 0.64. Energizer Holdings, Inc. has a 1 year low of $16.77 and a 1 year high of $31.78.
Energizer Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 18th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $1.20 annualized dividend and a yield of 5.6%. Energizer’s dividend payout ratio is presently 40.40%.
Insider Transactions at Energizer
In other news, CEO Mark Stephen Lavigne acquired 10,000 shares of Energizer stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average price of $17.11 per share, with a total value of $171,100.00. Following the completion of the transaction, the chief executive officer owned 464,889 shares in the company, valued at approximately $7,954,250.79. This trade represents a 2.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Donal L. Mulligan bought 15,000 shares of Energizer stock in a transaction on Tuesday, December 2nd. The stock was acquired at an average price of $17.40 per share, with a total value of $261,000.00. Following the completion of the purchase, the director directly owned 25,000 shares of the company’s stock, valued at approximately $435,000. The trade was a 150.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 26,000 shares of company stock worth $449,240 over the last 90 days. 1.63% of the stock is owned by insiders.
Analysts Set New Price Targets
Several research firms recently commented on ENR. JPMorgan Chase & Co. increased their price objective on Energizer from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Barclays set a $22.00 price objective on Energizer in a report on Friday, January 16th. Wall Street Zen cut shares of Energizer from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Zacks Research raised Energizer from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Energizer in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.29.
Read Our Latest Stock Analysis on Energizer
About Energizer
Energizer Holdings, Inc is a global consumer products company best known for its portfolio of portable power and lighting solutions. The company’s primary business activities include the design, manufacture and marketing of batteries under the Energizer and Rayovac brands, as well as portable lighting products such as flashlights, headlamps and lanterns. Energizer also produces a range of automotive appearance and protection products, including tire inflators and repair kits, along with personal care offerings like aerosol insect repellents and sunscreen under licensed brands.
Founded in 2000 through the spin-off of the battery business from Ralston Purina Company, Energizer has grown through both organic development and strategic acquisitions.
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