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Insider Buying: The Energizer Holdings, Inc. (NYSE:ENR) Independent Director Just Bought 11% More Shares

Simply Wall St
·3 min read

Whilst it may not be a huge deal, we thought it was good to see that the Energizer Holdings, Inc. (NYSE:ENR) Independent Director, Robert Vitale, recently bought US$90k worth of stock, for US$45.21 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 11%.

See our latest analysis for Energizer Holdings

Energizer Holdings Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when President & COO Mark LaVigne bought US$124k worth of shares at a price of US$41.20 per share. That means that an insider was happy to buy shares at around the current price of US$45.91. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.

Happily, we note that in the last year insiders paid US$214k for 5.00k shares. On the other hand they divested 2.00k shares, for US$103k. In total, Energizer Holdings insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
insider-trading-volume

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Energizer Holdings insiders own 1.9% of the company, worth about US$61m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Energizer Holdings Insider Transactions Indicate?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Energizer Holdings shares, given these transactions (along with notable insider ownership of the company). So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To that end, you should learn about the 3 warning signs we've spotted with Energizer Holdings (including 1 which is a bit concerning).

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.