EnerSys (NYSE:ENS) Plans $0.24 Quarterly Dividend

EnerSys (NYSE:ENS) declared a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.24 per share by the industrial products company on Friday, March 28th. This represents a $0.96 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, March 14th.

EnerSys has raised its dividend payment by an average of 9.9% annually over the last three years.

EnerSys Price Performance

Shares of ENS traded up $1.38 during midday trading on Thursday, hitting $96.13. The company’s stock had a trading volume of 525,993 shares, compared to its average volume of 276,058. EnerSys has a one year low of $86.41 and a one year high of $112.53. The company’s fifty day simple moving average is $94.76 and its two-hundred day simple moving average is $97.91. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 0.55 and a beta of 1.22.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.85. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. As a group, equities analysts expect that EnerSys will post 9.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO David M. Shaffer sold 20,000 shares of EnerSys stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the transaction, the chief executive officer now directly owns 206,724 shares in the company, valued at approximately $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.61% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a report on Friday, January 17th. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $117.50.

About EnerSys

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.