Glenmede Trust Co. NA Reduces Stock Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Glenmede Trust Co. NA lessened its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 453,379 shares of the company’s stock after selling 4,763 shares during the quarter. Glenmede Trust Co. NA’s holdings in Energizer were worth $14,399,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ENR. Clearstead Trust LLC raised 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 acquiring an additional 820 shares during the period. Prospera Private Wealth LLC bought a new stake in Energizer in the third quarter worth about $42,000. Canada Pension Plan Investment Board purchased a new position in shares of Energizer during the second quarter valued at approximately $65,000. Avior Wealth Management LLC grew its stake in shares of Energizer by 22.4% during the third quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock valued at $65,000 after buying an additional 376 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of Energizer by 2,650.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 4,565 shares of the company’s stock worth $135,000 after acquiring an additional 4,399 shares during the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Energizer

In related news, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the sale, 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 ownership of the stock. 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 the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total transaction of $71,148.66. Following the completion of the sale, the executive vice president now owns 5,758 shares of the company’s stock, valued at approximately $207,115.26. This trade represents a 25.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,860 shares of company stock valued at $334,694. 0.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $34.00 to $36.00 in a research report on Wednesday, November 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a research report on Wednesday, August 7th. JPMorgan Chase & Co. upgraded Energizer from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $32.00 to $39.00 in a report on Wednesday, November 20th. Canaccord Genuity Group raised their price objective on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley lifted their target price on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $37.63.

Energizer Stock Performance

Shares of NYSE:ENR opened at $38.26 on Friday. The firm has a 50 day moving average of $32.92 and a 200 day moving average of $30.88. 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 company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 73.58 and a beta of 1.04. Energizer Holdings, Inc. has a 52 week low of $26.92 and a 52 week high of $39.21.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a yield of 3.14%. Energizer’s dividend payout ratio is presently 230.77%.

Energizer 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.