tru Independence LLC Reduces Stake in Energizer Holdings, Inc. (NYSE:ENR)

tru Independence LLC reduced its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 6.2% during the 4th quarter, Holdings Channel reports. The fund owned 155,885 shares of the company’s stock after selling 10,275 shares during the period. Energizer makes up about 1.7% of tru Independence LLC’s holdings, making the stock its 23rd largest holding. tru Independence LLC’s holdings in Energizer were worth $5,439,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ENR. KBC Group NV boosted its stake in shares of Energizer by 5,308.0% in the fourth quarter. KBC Group NV now owns 89,664 shares of the company’s stock worth $3,128,000 after buying an additional 88,006 shares during the last quarter. Vista Investment Partners LLC purchased a new stake in Energizer in the 4th quarter worth approximately $553,000. Inspire Investing LLC boosted its position in Energizer by 166.3% in the 4th quarter. Inspire Investing LLC now owns 34,692 shares of the company’s stock worth $1,210,000 after purchasing an additional 21,667 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in Energizer in the 4th quarter worth approximately $306,000. Finally, Central Pacific Bank Trust Division grew its position in Energizer by 750.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock valued at $59,000 after buying an additional 1,500 shares during the period. 93.74% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Energizer

In related news, EVP Robin Vauth sold 4,070 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $38.16, for a total transaction of $155,311.20. Following the completion of the sale, the executive vice president now directly owns 9,827 shares of the company’s stock, valued at approximately $374,998.32. This trade represents a 29.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Sara B. Hampton sold 2,812 shares of the firm’s stock in a transaction dated 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 directly owns 4,635 shares of the company’s stock, valued at $178,401.15. The trade was a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,860 shares of company stock worth $334,694 in the last 90 days. Insiders own 0.98% of the company’s stock.

Energizer Stock Up 0.7 %

Shares of ENR opened at $34.84 on Monday. Energizer Holdings, Inc. has a 52-week low of $26.92 and a 52-week high of $39.51. The company has a market capitalization of $2.51 billion, a PE ratio of 66.72 and a beta of 1.07. The stock has a fifty day simple moving average of $36.24 and a two-hundred day simple moving average of $32.89. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51.

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders 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 dividend yield of 3.44%. Energizer’s dividend payout ratio is currently 230.77%.

Analysts Set New Price Targets

ENR has been the subject of a number of analyst reports. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. UBS Group lowered their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays cut shares of Energizer from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. Morgan Stanley upped their price target on shares of 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 increased their price objective on Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.38.

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.