EnerSys (NYSE:ENS) Announces Quarterly Dividend of $0.24

EnerSys (NYSE:ENS) announced a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Friday, March 14th.

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

EnerSys Trading Up 3.5 %

ENS opened at $99.88 on Friday. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. EnerSys has a 52 week low of $86.41 and a 52 week high of $112.53. The business’s 50 day moving average is $94.81 and its two-hundred day moving average is $97.84. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 0.55 and a beta of 1.22.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.85. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. On average, research analysts predict that EnerSys will post 9.78 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ENS. Oppenheimer upgraded shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research note on Friday, January 17th. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. 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. Based on data from MarketBeat.com, EnerSys currently has a consensus rating of “Buy” and an average target price of $117.50.

Insider Buying and Selling at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of EnerSys stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $100.01, for a total value of $2,000,200.00. Following the sale, the chief executive officer now owns 206,724 shares of the company’s stock, valued at $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.61% of the stock is currently owned by corporate insiders.

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.