CENTRAL TRUST Co Sells 3,565 Shares of Energizer Holdings, Inc. (NYSE:ENR)

CENTRAL TRUST Co lessened its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,557 shares of the company’s stock after selling 3,565 shares during the quarter. CENTRAL TRUST Co’s holdings in Energizer were worth $927,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after purchasing an additional 356 shares during the last quarter. Neo Ivy Capital Management bought a new position in Energizer during the 3rd quarter worth approximately $30,000. Quarry LP bought a new position in Energizer during the 3rd quarter worth approximately $39,000. Prospera Private Wealth LLC bought a new position in Energizer during the 3rd quarter worth approximately $42,000. Finally, Central Pacific Bank Trust Division raised its holdings in Energizer by 750.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock worth $59,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors own 93.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Morgan Stanley lifted 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a research note on Thursday, January 30th. UBS Group lowered their price objective on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Truist Financial lifted their price objective on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Energizer from a “hold” rating to a “buy” rating in a research note on Monday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $38.38.

Energizer Stock Performance

NYSE ENR opened at $33.95 on Tuesday. 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 company has a market cap of $2.45 billion, a P/E ratio of 65.29 and a beta of 1.06. The company has a fifty day simple moving average of $35.83 and a 200 day simple moving average of $33.05. Energizer Holdings, Inc. has a 12-month low of $26.92 and a 12-month high of $39.51.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Thursday, February 20th. Energizer’s dividend payout ratio is 230.77%.

Insiders Place Their Bets

In other Energizer news, EVP Robin Vauth sold 4,070 shares of Energizer stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.16, for a total transaction of $155,311.20. Following the transaction, the executive vice president now directly owns 9,827 shares of the company’s stock, valued at $374,998.32. The trade was a 29.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the transaction, the vice president now directly owns 4,635 shares in the company, valued at $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,860 shares of company stock valued at $334,694 in the last three months. 0.98% of the stock is currently owned by insiders.

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.