EMC Capital Management Sells 1,319 Shares of Energizer Holdings, Inc. (NYSE:ENR)

EMC Capital Management lowered its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 13.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,529 shares of the company’s stock after selling 1,319 shares during the period. EMC Capital Management’s holdings in Energizer were worth $298,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position 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 buying an additional 356 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Energizer in the 3rd quarter worth about $30,000. Quarry LP acquired a new stake in shares of Energizer during the 3rd quarter worth about $39,000. Prospera Private Wealth LLC bought a new position in Energizer during the 3rd quarter valued at about $42,000. Finally, Central Pacific Bank Trust Division grew its stake in Energizer by 750.0% during the fourth 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 last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

Energizer Stock Up 1.8 %

Shares of NYSE ENR traded up $0.62 during mid-day trading on Thursday, reaching $34.23. 10,138 shares of the company’s stock were exchanged, compared to its average volume of 492,285. Energizer Holdings, Inc. has a twelve month low of $26.92 and a twelve month high of $39.51. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 65.82 and a beta of 1.07. The business has a fifty day simple moving average of $36.09 and a 200 day simple moving average of $32.96.

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Thursday, February 20th. Energizer’s dividend payout ratio is 230.77%.

Insider Activity

In other news, VP Sara B. Hampton sold 2,812 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total value of $108,233.88. Following the completion of the sale, the vice president now directly owns 4,635 shares of the company’s stock, valued at $178,401.15. This trade represents a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Robin Vauth sold 4,070 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.16, for a total transaction of $155,311.20. Following the completion of the transaction, the executive vice president now owns 9,827 shares in the company, 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. Insiders have sold a total of 8,860 shares of company stock worth $334,694 over the last three months. Corporate insiders own 0.98% of the company’s stock.

Wall Street Analysts Forecast Growth

ENR has been the topic of a number of research analyst reports. StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. decreased their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Canaccord Genuity Group raised their price target on Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Morgan Stanley raised their price objective on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Finally, Truist Financial increased their price target on Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Energizer has a consensus rating of “Hold” and an average target price of $38.38.

Energizer 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, 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.