EnerSys (NYSE:ENS) Plans $0.24 Quarterly Dividend

EnerSys (NYSE:ENS - Get Free Report) declared a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given 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 dividend yield of 0.95%. The ex-dividend date is Friday, March 14th.

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

EnerSys Stock Performance

Shares of ENS stock traded up $1.08 during midday trading on Monday, hitting $100.80. 417,423 shares of the company were exchanged, compared to its average volume of 290,847. EnerSys has a 52 week low of $86.41 and a 52 week high of $112.53. The firm has a market capitalization of $3.97 billion, a P/E ratio of 12.47, a PEG ratio of 0.55 and a beta of 1.22. The firm's 50 day moving average price is $94.88 and its two-hundred day moving average price is $97.63. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.87 and a current ratio of 3.06.

EnerSys (NYSE:ENS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. As a group, equities research analysts anticipate that EnerSys will post 9.78 earnings per share for the current year.

Analyst Ratings Changes

ENS has been the topic of several recent research reports. Oppenheimer upgraded EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price objective on the stock in a research report on Friday, January 17th. StockNews.com upgraded shares of EnerSys from a "buy" rating to a "strong-buy" rating in a research note on Friday, December 6th. One 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 company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $117.50.

Insider Buying and Selling at EnerSys

In related news, CEO David M. Shaffer sold 20,000 shares of the 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 sale, the chief executive officer now owns 206,724 shares in the company, valued at approximately $20,674,467.24. This trade represents a 8.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.61% of the company's stock.

EnerSys Company Profile

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.