Enerpac Tool Group (NYSE:EPAC) Trading Down 5.4% - Should You Sell?

Key Points

• Enerpac Tool Group's share price fell by 5.4% to $40.48, declining from the previous close of $42.77, with trading volumes down by 19% compared to the average session.
• Brokerage ratings show two analysts have given the stock a Buy rating, one a Hold, and the company has a consensus price target of $50.50.
• A quarterly dividend of $0.04 has been declared, representing an annualized dividend yield of 0.4%, with the payment date set for October 17th.

Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report)'s share price traded down 5.4% during trading on Friday . The company traded as low as $40.52 and last traded at $40.48. 285,872 shares were traded during trading, a decline of 19% from the average session volume of 353,012 shares. The stock had previously closed at $42.77.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EPAC. Zacks Research upgraded Enerpac Tool Group to a "hold" rating in a research report on Monday, September 8th. Roth Capital began coverage on Enerpac Tool Group in a research report on Friday, September 5th. They set a "buy" rating and a $48.00 price objective for the company. Finally, Wall Street Zen downgraded Enerpac Tool Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.50.

Enerpac Tool Group Trading Down 5.1%

The business has a fifty day simple moving average of $40.66 and a 200-day simple moving average of $41.64. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.24 and a current ratio of 2.90. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 24.91 and a beta of 1.15.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings results on Monday, June 23rd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. The company had revenue of $158.66 million during the quarter, compared to analysts' expectations of $159.35 million. Enerpac Tool Group had a return on equity of 24.04% and a net margin of 14.65%.During the same quarter in the prior year, the firm posted $0.47 earnings per share. As a group, equities analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Enerpac Tool Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, October 7th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Enerpac Tool Group's dividend payout ratio is presently 2.45%.

Insider Buying and Selling at Enerpac Tool Group

In other news, Director E James Ferland, Jr. sold 4,224 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $40.99, for a total value of $173,141.76. Following the completion of the sale, the director owned 94,136 shares of the company's stock, valued at approximately $3,858,634.64. This represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Enerpac Tool Group

A number of hedge funds have recently added to or reduced their stakes in EPAC. Ameriprise Financial Inc. grew its stake in Enerpac Tool Group by 81.5% in the first quarter. Ameriprise Financial Inc. now owns 971,462 shares of the company's stock valued at $43,580,000 after acquiring an additional 436,152 shares during the period. Nuveen LLC acquired a new stake in Enerpac Tool Group in the first quarter valued at approximately $12,804,000. MetLife Investment Management LLC grew its stake in Enerpac Tool Group by 849.1% in the first quarter. MetLife Investment Management LLC now owns 315,317 shares of the company's stock valued at $14,145,000 after acquiring an additional 282,094 shares during the period. GW&K Investment Management LLC grew its stake in Enerpac Tool Group by 45.6% in the first quarter. GW&K Investment Management LLC now owns 759,566 shares of the company's stock valued at $34,074,000 after acquiring an additional 237,763 shares during the period. Finally, Champlain Investment Partners LLC grew its stake in Enerpac Tool Group by 16.3% in the first quarter. Champlain Investment Partners LLC now owns 1,416,493 shares of the company's stock valued at $63,544,000 after acquiring an additional 198,416 shares during the period. Institutional investors and hedge funds own 97.70% of the company's stock.

Enerpac Tool Group Company Profile

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.

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