8,681 Shares in Enerpac Tool Group Corp. $EPAC Purchased by Entropy Technologies LP

Key Points

• Entropy Technologies LP has invested approximately $389,000 in Enerpac Tool Group Corp. by acquiring 8,681 shares in the first quarter, according to a recent SEC filing.
• Several other institutional investors have also increased their holdings, with notable increases of 41% by Assetmark Inc. and 361.9% by Whittier Trust Co. in the same quarter.
• Enerpac Tool Group will pay a quarterly dividend of $0.04 on October 17th, with a payout ratio of 2.45%, reflecting ongoing shareholder returns amid recent market activity.

Entropy Technologies LP bought a new stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,681 shares of the company's stock, valued at approximately $389,000.

A number of other institutional investors have also modified their holdings of the business. Assetmark Inc. increased its holdings in shares of Enerpac Tool Group by 41.0% in the 1st quarter. Assetmark Inc. now owns 980 shares of the company's stock valued at $44,000 after acquiring an additional 285 shares during the period. Bank of Montreal Can lifted its position in Enerpac Tool Group by 2.8% during the 4th quarter. Bank of Montreal Can now owns 11,381 shares of the company's stock worth $468,000 after acquiring an additional 314 shares during the period. MainStreet Investment Advisors LLC lifted its position in Enerpac Tool Group by 5.5% during the 1st quarter. MainStreet Investment Advisors LLC now owns 6,795 shares of the company's stock worth $305,000 after acquiring an additional 355 shares during the period. Summit Investment Advisors Inc. lifted its position in Enerpac Tool Group by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,689 shares of the company's stock worth $234,000 after acquiring an additional 361 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Enerpac Tool Group by 6.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,845 shares of the company's stock valued at $307,000 after buying an additional 440 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Enerpac Tool Group

In related news, Director E James Ferland, Jr. sold 4,224 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $40.99, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

Enerpac Tool Group Trading Up 1.0%

NYSE:EPAC traded up $0.42 on Monday, reaching $42.18. The stock had a trading volume of 125,713 shares, compared to its average volume of 352,982. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 25.97 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.90 and a quick ratio of 2.24. The firm's fifty day moving average is $39.99 and its two-hundred day moving average is $42.13. Enerpac Tool Group Corp. has a 12-month low of $36.51 and a 12-month high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings data on Monday, June 23rd. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. The business had revenue of $158.66 million during the quarter, compared to the consensus estimate 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 previous year, the business earned $0.47 earnings per share. Equities analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Enerpac Tool Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, October 7th will be given 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 of this dividend is Tuesday, October 7th. Enerpac Tool Group's dividend payout ratio is 2.45%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Enerpac Tool Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th.

About Enerpac Tool Group

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.