Enersys (NYSE:ENS) Declares Quarterly Dividend of $0.26

Key Points

• Enersys declared a quarterly dividend of $0.26, representing a 9.4% increase from its previous dividend of $0.24.
• The company reported earnings per share of $2.08 for the last quarter, exceeding analysts' estimates of $2.05, along with a revenue of $893 million.
• Insiders, including the CFO and CEO, have recently bought shares, indicating confidence in the company's performance; 94.93% of the stock is owned by institutional investors.

Enersys (NYSE:ENS - Get Free Report) declared a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Stockholders of record on Friday, September 12th will be given a dividend of 0.2625 per share by the industrial products company on Friday, September 26th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, September 12th. This is a 9.4% increase from Enersys's previous quarterly dividend of $0.24.

Enersys has a payout ratio of 9.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Enersys to earn $10.31 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 9.3%.

Enersys Trading Up 1.6%

Shares of NYSE ENS traded up $1.53 during trading hours on Friday, hitting $95.54. 614,755 shares of the company traded hands, compared to its average volume of 355,424. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08. The company has a current ratio of 3.00, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. The company's 50 day moving average price is $88.49 and its 200 day moving average price is $91.36. Enersys has a 12 month low of $76.57 and a 12 month high of $104.36.

Enersys (NYSE:ENS - Get Free Report) last released its earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.03. The firm had revenue of $893.00 million for the quarter, compared to the consensus estimate of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 EPS. On average, equities research analysts anticipate that Enersys will post 9.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Enersys

In other Enersys news, CEO Shawn M. O'connell acquired 475 shares of the business's stock in a transaction on Friday, May 30th. The shares were bought at an average price of $83.76 per share, with a total value of $39,786.00. Following the transaction, the chief executive officer directly owned 43,030 shares of the company's stock, valued at $3,604,192.80. The trade was a 1.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Andrea J. Funk acquired 315 shares of the business's stock in a transaction on Friday, May 23rd. The stock was acquired at an average cost of $80.20 per share, for a total transaction of $25,263.00. Following the transaction, the chief financial officer directly owned 50,645 shares in the company, valued at $4,061,729. The trade was a 0.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 1,085 shares of company stock worth $89,726 in the last ninety days. 0.91% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Enersys

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Enersys by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,521,282 shares of the industrial products company's stock worth $139,320,000 after purchasing an additional 43,615 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Enersys by 1.1% during the 4th quarter. Janus Henderson Group PLC now owns 1,322,767 shares of the industrial products company's stock worth $122,262,000 after purchasing an additional 13,786 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in shares of Enersys by 13.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,028,027 shares of the industrial products company's stock worth $95,021,000 after purchasing an additional 121,758 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Enersys by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 989,020 shares of the industrial products company's stock worth $84,838,000 after purchasing an additional 23,252 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Enersys by 48.9% during the 1st quarter. Millennium Management LLC now owns 617,475 shares of the industrial products company's stock worth $56,548,000 after purchasing an additional 202,727 shares during the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

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.