Zacks Investment Management Buys New Shares in Energizer Holdings, Inc. (NYSE:ENR)

Zacks Investment Management purchased a new position in shares of Energizer Holdings, Inc. (NYSE:ENR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 123,120 shares of the company’s stock, valued at approximately $3,910,000.

A number of other large investors also recently modified their holdings of ENR. Clearstead Trust LLC raised its holdings in Energizer by 307.1% during the second quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock worth $32,000 after acquiring an additional 820 shares in the last quarter. Quarry LP acquired a new position in shares of Energizer during the 3rd quarter worth approximately $39,000. Prospera Private Wealth LLC bought a new stake in shares of Energizer during the 3rd quarter worth approximately $42,000. Canada Pension Plan Investment Board acquired a new stake in shares of Energizer in the 2nd quarter valued at approximately $65,000. Finally, Avior Wealth Management LLC grew its stake in shares of Energizer by 22.4% in the third quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock valued at $65,000 after buying an additional 376 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Energizer Stock Performance

ENR opened at $37.88 on Monday. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. The company has a market capitalization of $2.72 billion, a PE ratio of 72.85 and a beta of 1.06. The business has a fifty day simple moving average of $34.15 and a 200 day simple moving average of $31.28. Energizer Holdings, Inc. has a 1 year low of $26.92 and a 1 year high of $39.51.

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.20 annualized dividend and a dividend yield of 3.17%. Energizer’s dividend payout ratio (DPR) is presently 230.77%.

Insider Buying and Selling

In other news, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction on Friday, November 22nd. The stock was 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. This represents a 37.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robin Vauth sold 4,070 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were 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 directly owns 9,827 shares of the company’s stock, valued at approximately $374,998.32. This trade represents a 29.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,860 shares of company stock valued at $334,694. 0.77% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on ENR. Canaccord Genuity Group increased their price target on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upgraded shares of Energizer from an “underweight” rating to a “neutral” rating and raised their target price for the company from $32.00 to $39.00 in a research note on Wednesday, November 20th. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Barclays cut Energizer from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $34.00 to $36.00 in a research report on Wednesday, November 20th. Finally, Morgan Stanley boosted their target price on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Energizer presently has a consensus rating of “Hold” and a consensus price target of $37.63.

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.