Callan Family Office LLC Buys Shares of 13,930 Enerpac Tool Group Corp. $EPAC

Key Points

• Callan Family Office LLC acquired a new stake in Enerpac Tool Group Corp., purchasing 13,930 shares valued at approximately $565,000 during the 2nd quarter.
• Analysts have given the stock a consensus rating of "Moderate Buy.", with price targets averaging around $50.50.
• Enerpac Tool Group announced a quarterly dividend of $0.04 per share, with a current yield of 0.4%, payable on October 17th.

Callan Family Office LLC bought a new stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,930 shares of the company's stock, valued at approximately $565,000.

A number of other hedge funds also recently made changes to their positions in EPAC. SG Americas Securities LLC raised its position in shares of Enerpac Tool Group by 332.7% during the first quarter. SG Americas Securities LLC now owns 10,834 shares of the company's stock worth $486,000 after acquiring an additional 8,330 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Enerpac Tool Group by 6.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,845 shares of the company's stock worth $307,000 after purchasing an additional 440 shares during the period. Janney Montgomery Scott LLC grew its stake in Enerpac Tool Group by 14.9% during the first quarter. Janney Montgomery Scott LLC now owns 7,051 shares of the company's stock worth $316,000 after purchasing an additional 917 shares during the period. Bessemer Group Inc. grew its stake in Enerpac Tool Group by 15.8% during the first quarter. Bessemer Group Inc. now owns 22,888 shares of the company's stock worth $1,027,000 after purchasing an additional 3,125 shares during the period. Finally, Diversified Trust Co grew its stake in Enerpac Tool Group by 17.8% during the first quarter. Diversified Trust Co now owns 14,725 shares of the company's stock worth $661,000 after purchasing an additional 2,225 shares during the period. 97.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Zacks Research raised Enerpac Tool Group to a "hold" rating in a research note on Monday, September 8th. Weiss Ratings reissued a "buy (b-)" rating on shares of Enerpac Tool Group in a research note on Wednesday, October 8th. Wall Street Zen cut Enerpac Tool Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Roth Capital assumed coverage on Enerpac Tool Group in a research note on Friday, September 5th. They issued a "buy" rating and a $48.00 price objective for the company. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $50.50.

Enerpac Tool Group Stock Up 2.1%

Shares of NYSE:EPAC opened at $40.37 on Wednesday. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 24.77 and a beta of 1.12. The company has a quick ratio of 2.24, a current ratio of 2.90 and a debt-to-equity ratio of 0.42. Enerpac Tool Group Corp. has a 12-month low of $36.51 and a 12-month high of $51.91. The business's 50 day moving average is $41.50 and its 200 day moving average is $41.12.

Enerpac Tool Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, October 7th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, October 7th. Enerpac Tool Group's dividend payout ratio (DPR) is 2.45%.

Insider Buying and Selling

In related news, Director E James Ferland, Jr. sold 4,224 shares of Enerpac Tool Group stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $40.99, for a total transaction of $173,141.76. Following the sale, the director directly owned 94,136 shares in the company, valued at approximately $3,858,634.64. This trade represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company's stock.

Enerpac Tool Group 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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