Energizer Holdings Inc (NYSE:ENR) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $44.49 and last traded at $45.88, with a volume of 624043 shares trading hands. The stock had previously closed at $45.07.
A number of brokerages have issued reports on ENR. TheStreet downgraded Energizer from a “b” rating to a “c+” rating in a research note on Friday, November 16th. Jefferies Financial Group restated a “buy” rating and issued a $80.00 price objective on shares of Energizer in a research note on Monday, October 22nd. Deutsche Bank upped their price objective on Energizer from $64.00 to $68.00 and gave the company a “hold” rating in a research note on Thursday, August 16th. Zacks Investment Research upgraded Energizer from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Finally, ValuEngine upgraded Energizer from a “hold” rating to a “buy” rating in a research note on Monday, October 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $62.10.
The company has a quick ratio of 1.13, a current ratio of 1.56 and a debt-to-equity ratio of 39.84. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 2.47 and a beta of 0.63.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.30 per share. This is an increase from Energizer’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, November 29th. This represents a $1.20 annualized dividend and a dividend yield of 2.61%. Energizer’s dividend payout ratio is presently 35.61%.
In other news, CFO Timothy W. Gorman purchased 10,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was bought at an average price of $45.64 per share, for a total transaction of $456,400.00. Following the purchase, the chief financial officer now owns 38,110 shares of the company’s stock, valued at $1,739,340.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bill G. Armstrong sold 1,000 shares of the stock in a transaction on Friday, October 12th. The stock was sold at an average price of $58.81, for a total value of $58,810.00. Following the transaction, the director now owns 24,387 shares of the company’s stock, valued at approximately $1,434,199.47. The disclosure for this sale can be found here. In the last quarter, insiders have bought 16,360 shares of company stock valued at $756,822 and have sold 3,000 shares valued at $180,570. 1.79% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ENR. Bank of Montreal Can bought a new position in Energizer in the 2nd quarter worth about $2,444,000. Janney Montgomery Scott LLC boosted its stake in Energizer by 5.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 19,047 shares of the company’s stock worth $1,199,000 after purchasing an additional 996 shares during the period. Advisory Services Network LLC boosted its stake in Energizer by 443.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,974 shares of the company’s stock worth $128,000 after purchasing an additional 1,611 shares during the period. Dupont Capital Management Corp boosted its stake in Energizer by 12.6% in the 2nd quarter. Dupont Capital Management Corp now owns 14,009 shares of the company’s stock worth $882,000 after purchasing an additional 1,564 shares during the period. Finally, Aperio Group LLC boosted its stake in Energizer by 5.4% in the 2nd quarter. Aperio Group LLC now owns 33,072 shares of the company’s stock worth $2,082,000 after purchasing an additional 1,707 shares during the period. Institutional investors and hedge funds own 93.12% of the company’s stock.
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About Energizer (NYSE:ENR)
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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