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

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

Energizer has a dividend payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of NYSE ENR opened at $34.37 on Friday. The business’s 50-day simple moving average is $36.24 and its 200-day simple moving average is $32.87. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.00 and a current ratio of 1.80. Energizer has a 52 week low of $26.92 and a 52 week high of $39.51. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 66.10 and a beta of 1.07.

Analysts Set New Price Targets

Several equities analysts have commented on ENR shares. JPMorgan Chase & Co. lowered their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays downgraded shares of Energizer from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $34.00 to $36.00 in a report on Wednesday, November 20th. UBS Group decreased their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Truist Financial lifted 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. Finally, Morgan Stanley increased their target price on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Seven equities research 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, the company has a consensus rating of “Hold” and an average price target of $38.38.

Insider Activity at Energizer

In other Energizer news, VP Sara B. Hampton sold 2,812 shares of the company’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 transaction, the vice president now owns 4,635 shares of the company’s stock, valued at $178,401.15. This represents a 37.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Robin Vauth sold 1,978 shares of Energizer stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total value of $71,148.66. Following the sale, the executive vice president now directly owns 5,758 shares in the company, valued at $207,115.26. The trade was a 25.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,860 shares of company stock worth $334,694. 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.