Central Pacific Bank Trust Division Increases Position in Energizer Holdings, Inc. (NYSE:ENR)

Central Pacific Bank Trust Division raised its position in shares of Energizer Holdings, Inc. (NYSE:ENR) by 750.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,700 shares of the company’s stock after buying an additional 1,500 shares during the period. Central Pacific Bank Trust Division’s holdings in Energizer were worth $59,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of ENR. GAMMA Investing LLC boosted its holdings in Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Energizer during the third quarter worth about $30,000. Clearstead Trust LLC boosted its stake in shares of Energizer by 307.1% in the second quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock valued at $32,000 after purchasing an additional 820 shares during the period. Quarry LP acquired a new position in shares of Energizer in the third quarter valued at approximately $39,000. Finally, Prospera Private Wealth LLC purchased a new stake in Energizer during the 3rd quarter worth approximately $42,000. 93.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Robin Vauth sold 4,070 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total transaction of $155,311.20. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of Energizer 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 transaction, the vice president now directly owns 4,635 shares in the company, valued at approximately $178,401.15. This trade represents a 37.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,860 shares of company stock worth $334,694 in the last ninety days. 0.98% of the stock is owned by corporate insiders.

Energizer Stock Performance

Shares of ENR opened at $34.60 on Monday. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 66.54 and a beta of 1.07. Energizer Holdings, Inc. has a 52-week low of $26.92 and a 52-week high of $39.51. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51. The stock has a 50 day moving average price of $35.67 and a 200 day moving average price of $32.28.

Energizer Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have commented on ENR. Truist Financial boosted their price target on shares of Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $34.00 to $36.00 in a report on Wednesday, November 20th. StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Morgan Stanley boosted their price objective on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Finally, Canaccord Genuity Group raised their target price on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Energizer presently has an average rating of “Hold” and an average target price of $37.63.

Energizer Company 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.