Raymond James Financial Inc. Raises Stock Position in Enersys $ENS

Key Points

• Raymond James Financial Inc. increased its stake in Enersys by 535.8%, holding 38,591 shares valued at approximately $3.53 million.
• Enersys announced a quarterly dividend increase to $0.2625 per share, reflecting an annualized payout of $1.05 and a yield of 1.0%.
• The stock received multiple "buy" ratings from analysts, with a consensus target price of $118.33, indicating strong market confidence.

Raymond James Financial Inc. increased its stake in Enersys (NYSE:ENS - Free Report) by 535.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 38,591 shares of the industrial products company's stock after purchasing an additional 32,521 shares during the quarter. Raymond James Financial Inc. owned approximately 0.10% of Enersys worth $3,534,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Gen Wealth Partners Inc purchased a new stake in shares of Enersys in the first quarter worth $36,000. Dimensional Fund Advisors LP raised its stake in shares of Enersys by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,521,282 shares of the industrial products company's stock valued at $139,320,000 after acquiring an additional 43,615 shares during the period. Kovitz Investment Group Partners LLC lifted its stake in shares of Enersys by 660.1% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 81,830 shares of the industrial products company's stock worth $7,494,000 after acquiring an additional 71,065 shares during the period. Neuberger Berman Group LLC purchased a new stake in shares of Enersys during the first quarter worth about $216,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Enersys by 2,500.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company's stock worth $31,000 after purchasing an additional 325 shares in the last quarter. Institutional investors own 94.93% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wall Street Zen upgraded Enersys from a "hold" rating to a "buy" rating in a research report on Saturday. Oppenheimer reissued an "outperform" rating on shares of Enersys in a research note on Friday, August 8th. Roth Capital reaffirmed a "buy" rating and set a $120.00 price target on shares of Enersys in a research report on Tuesday, August 5th. Finally, Roth Mkm reissued a "buy" rating and set a $120.00 price objective on shares of Enersys in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $118.33.

Enersys Stock Up 0.7%

ENS traded up $0.68 during trading on Wednesday, reaching $104.45. The stock had a trading volume of 97,140 shares, compared to its average volume of 365,535. The stock's 50 day moving average is $95.10 and its two-hundred day moving average is $91.73. The company has a current ratio of 3.00, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. Enersys has a one year low of $76.57 and a one year high of $105.35. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 0.60 and a beta of 1.09.

Enersys (NYSE:ENS - Get Free Report) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.03. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The business had revenue of $893.00 million during the quarter, compared to analyst estimates of $848.02 million. During the same period in the previous year, the company posted $1.98 EPS. Enersys's revenue was up 4.7% on a year-over-year basis. As a group, analysts expect that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a $0.2625 dividend. This is an increase from Enersys's previous quarterly dividend of $0.24. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, September 12th. Enersys's dividend payout ratio (DPR) is presently 10.96%.

Enersys 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.