Energizer Holdings, Inc. (NYSE:ENR – Get Free Report) declared a quarterly dividend on Friday, January 30th. Shareholders of record on Wednesday, February 18th will be paid a dividend of 0.30 per share on Wednesday, March 11th. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Wednesday, February 18th.
Energizer has a payout ratio of 34.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Energizer to earn $3.82 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 31.4%.
Energizer Trading Up 0.3%
NYSE ENR opened at $22.76 on Monday. Energizer has a one year low of $16.77 and a one year high of $31.78. The company has a debt-to-equity ratio of 23.49, a quick ratio of 1.07 and a current ratio of 1.99. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 7.66 and a beta of 0.64. The company’s 50-day simple moving average is $20.88 and its two-hundred day simple moving average is $23.54.
Insider Activity
In related news, Director Donal L. Mulligan bought 15,000 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average price of $17.40 per share, with a total value of $261,000.00. Following the transaction, the director owned 25,000 shares in the company, valued at approximately $435,000. This trade represents a 150.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Stephen Lavigne purchased 10,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average price of $17.11 per share, for a total transaction of $171,100.00. Following the purchase, the chief executive officer directly owned 464,889 shares in the company, valued at $7,954,250.79. This represents a 2.20% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 26,000 shares of company stock valued at $449,240. Corporate insiders own 1.63% of the company’s stock.
Institutional Investors Weigh In On Energizer
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can increased its position in shares of Energizer by 3.3% in the 2nd quarter. Bank of Montreal Can now owns 13,701 shares of the company’s stock valued at $276,000 after acquiring an additional 435 shares during the period. North Star Investment Management Corp. grew its stake in Energizer by 0.4% during the 3rd quarter. North Star Investment Management Corp. now owns 117,100 shares of the company’s stock valued at $2,915,000 after purchasing an additional 500 shares during the last quarter. Blue Trust Inc. grew its stake in Energizer by 27.8% during the 3rd quarter. Blue Trust Inc. now owns 2,407 shares of the company’s stock valued at $60,000 after purchasing an additional 524 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Energizer by 0.3% in the second quarter. Legal & General Group Plc now owns 174,581 shares of the company’s stock valued at $3,520,000 after purchasing an additional 542 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of Energizer by 92.4% in the third quarter. Versant Capital Management Inc now owns 1,233 shares of the company’s stock worth $31,000 after purchasing an additional 592 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.
About Energizer
Energizer Holdings, Inc is a global consumer products company best known for its portfolio of portable power and lighting solutions. The company’s primary business activities include the design, manufacture and marketing of batteries under the Energizer and Rayovac brands, as well as portable lighting products such as flashlights, headlamps and lanterns. Energizer also produces a range of automotive appearance and protection products, including tire inflators and repair kits, along with personal care offerings like aerosol insect repellents and sunscreen under licensed brands.
Founded in 2000 through the spin-off of the battery business from Ralston Purina Company, Energizer has grown through both organic development and strategic acquisitions.
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