EnerSys (NYSE:ENS) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. increased its stake in shares of EnerSys (NYSE:ENS - Free Report) by 35.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,764 shares of the industrial products company's stock after buying an additional 13,647 shares during the quarter. Franklin Resources Inc. owned about 0.13% of EnerSys worth $4,785,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its position in shares of EnerSys by 6.0% during the 3rd quarter. Captrust Financial Advisors now owns 4,040 shares of the industrial products company's stock valued at $412,000 after acquiring an additional 227 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in EnerSys in the 3rd quarter valued at about $125,000. Quantinno Capital Management LP boosted its holdings in EnerSys by 6.5% in the 3rd quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company's stock valued at $307,000 after purchasing an additional 183 shares during the last quarter. Stifel Financial Corp grew its stake in shares of EnerSys by 7.1% in the 3rd quarter. Stifel Financial Corp now owns 9,563 shares of the industrial products company's stock valued at $976,000 after buying an additional 630 shares during the period. Finally, State Street Corp increased its holdings in shares of EnerSys by 0.9% during the 3rd quarter. State Street Corp now owns 1,474,789 shares of the industrial products company's stock worth $150,502,000 after buying an additional 13,524 shares during the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

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EnerSys Trading Up 1.1 %

ENS stock traded up $0.88 during mid-day trading on Tuesday, hitting $83.58. 104,018 shares of the company were exchanged, compared to its average volume of 285,006. EnerSys has a 12-month low of $76.57 and a 12-month high of $112.53. The firm has a market capitalization of $3.30 billion, a P/E ratio of 10.34, a PEG ratio of 0.57 and a beta of 1.15. The business has a fifty day simple moving average of $95.22 and a 200-day simple moving average of $96.23. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69.

EnerSys (NYSE:ENS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. On average, equities research analysts predict that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Friday, March 14th. EnerSys's dividend payout ratio (DPR) is 11.88%.

Analysts Set New Price Targets

Separately, Oppenheimer upgraded EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price objective on the stock in a report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $117.50.

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.