Energizer Holdings Inc (ENR) Director John Eddy Klein Acquires 2,200 Shares of Stock

Energizer Holdings Inc (NYSE:ENR) Director John Eddy Klein acquired 2,200 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The stock was purchased at an average price of $46.00 per share, for a total transaction of $101,200.00. Following the acquisition, the director now directly owns 4,591 shares of the company’s stock, valued at approximately $211,186. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Energizer stock opened at $45.73 on Tuesday. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 2.40 and a beta of 0.64. The company has a debt-to-equity ratio of 39.84, a current ratio of 1.56 and a quick ratio of 1.13. Energizer Holdings Inc has a 12-month low of $44.57 and a 12-month high of $65.57.

Energizer (NYSE:ENR) last announced its earnings results on Thursday, November 15th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. The firm had revenue of $457.20 million during the quarter, compared to analysts’ expectations of $459.64 million. Energizer had a return on equity of 549.70% and a net margin of 5.20%. The company’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. As a group, equities analysts predict that Energizer Holdings Inc will post 3.43 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Friday, November 30th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.20 dividend on an annualized basis and a yield of 2.62%. This is a boost from Energizer’s previous quarterly dividend of $0.29. Energizer’s dividend payout ratio is presently 35.61%.

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Energizer by 2.1% in the third quarter. Vanguard Group Inc. now owns 5,521,114 shares of the company’s stock valued at $323,813,000 after acquiring an additional 114,000 shares during the period. Morgan Stanley boosted its position in shares of Energizer by 35.1% in the third quarter. Morgan Stanley now owns 410,272 shares of the company’s stock valued at $24,062,000 after acquiring an additional 106,484 shares during the period. Teachers Advisors LLC boosted its position in shares of Energizer by 7.4% in the third quarter. Teachers Advisors LLC now owns 198,999 shares of the company’s stock valued at $11,671,000 after acquiring an additional 13,688 shares during the period. Glenmede Trust Co. NA boosted its position in shares of Energizer by 125.8% in the third quarter. Glenmede Trust Co. NA now owns 40,169 shares of the company’s stock valued at $2,355,000 after acquiring an additional 22,376 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Energizer by 204.9% in the third quarter. AQR Capital Management LLC now owns 244,793 shares of the company’s stock valued at $14,666,000 after acquiring an additional 164,518 shares during the period. 93.12% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on ENR shares. Deutsche Bank increased their price objective on Energizer from $64.00 to $68.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. Zacks Investment Research raised Energizer from a “sell” rating to a “hold” rating in a research report on Friday. Royal Bank of Canada upped their target price on Energizer to $70.00 and gave the stock an “outperform” rating in a research report on Monday, November 26th. Bank of America cut Energizer from a “buy” rating to an “underperform” rating in a research report on Friday, November 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $68.00 target price on shares of Energizer in a research report on Wednesday, November 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $64.60.

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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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid products.

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