Energizer Holdings, Inc. (NYSE:ENR) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC raised its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR) by 166.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 34,692 shares of the company’s stock after purchasing an additional 21,667 shares during the quarter. Inspire Investing LLC’s holdings in Energizer were worth $1,210,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ENR. GAMMA Investing LLC boosted its stake in shares of Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after acquiring an additional 356 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Energizer during the third quarter valued at $30,000. Quarry LP acquired a new position in shares of Energizer in the 3rd quarter valued at $39,000. Prospera Private Wealth LLC purchased a new position in Energizer in the 3rd quarter worth about $42,000. Finally, Central Pacific Bank Trust Division raised its holdings in Energizer by 750.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock worth $59,000 after buying an additional 1,500 shares during the period. Institutional investors and hedge funds own 93.74% of the company’s stock.

Analysts Set New Price Targets

ENR has been the topic of several analyst reports. UBS Group dropped their target price on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Truist Financial boosted their target price on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Canaccord Genuity Group raised their target price on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. dropped their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $38.38.

Energizer Stock Performance

Shares of NYSE ENR opened at $34.59 on Friday. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. Energizer Holdings, Inc. has a one year low of $26.92 and a one year high of $39.51. The business’s 50-day moving average price is $36.21 and its two-hundred day moving average price is $32.79. The company has a market capitalization of $2.49 billion, a P/E ratio of 66.51 and a beta of 1.07.

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.20 annualized dividend and a dividend yield of 3.47%. Energizer’s payout ratio is 230.77%.

Insider Buying and Selling

In other Energizer news, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the transaction, the vice president now directly owns 4,635 shares of the company’s stock, valued at $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robin Vauth sold 4,070 shares of the business’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 sale, the executive vice president now directly owns 9,827 shares of the company’s stock, valued at $374,998.32. This represents a 29.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,860 shares of company stock worth $334,694. Insiders own 0.98% of the company’s stock.

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.