Energizer Holdings, Inc. to Issue Quarterly Dividend of $0.30 (NYSE:ENR)

Energizer Holdings, Inc. (NYSE:ENR) declared a quarterly dividend on Friday, January 24th,RTT News reports. Investors of record on Thursday, February 20th will be given a dividend of 0.30 per share on Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.49%.

Energizer has a payout ratio of 32.3% 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 Stock Down 0.7 %

ENR stock traded down $0.24 during trading on Friday, reaching $34.37. 419,067 shares of the stock were exchanged, compared to its average volume of 530,278. The firm’s 50 day moving average is $36.21 and its 200 day moving average is $32.79. Energizer 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 cap of $2.48 billion, a P/E ratio of 66.10 and a beta of 1.07.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. UBS Group dropped their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Truist Financial increased their price objective on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley increased their price objective on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Canaccord Genuity Group increased their price objective on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. lowered their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Energizer presently has a consensus rating of “Hold” and an average price target of $38.38.

Insider Transactions at Energizer

In related 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 value of $108,233.88. Following the sale, the vice president now owns 4,635 shares in the company, valued at approximately $178,401.15. This trade represents a 37.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Robin Vauth sold 4,070 shares of the stock in a transaction on 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 owns 9,827 shares in the company, valued at $374,998.32. This trade represents a 29.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,860 shares of company stock valued at $334,694 over the last three months. Company 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.