Entropy Technologies LP Takes $389,000 Position in Enerpac Tool Group Corp. (NYSE:EPAC)

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 purchased a new stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,681 shares of the company's stock, valued at approximately $389,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Assetmark Inc. increased its holdings in shares of Enerpac Tool Group by 41.0% in the first quarter. Assetmark Inc. now owns 980 shares of the company's stock worth $44,000 after purchasing an additional 285 shares during the last quarter. Whittier Trust Co. increased its stake in Enerpac Tool Group by 361.9% during the first quarter. Whittier Trust Co. now owns 1,663 shares of the company's stock worth $75,000 after acquiring an additional 1,303 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in Enerpac Tool Group during the fourth quarter worth approximately $99,000. State of Wyoming bought a new stake in Enerpac Tool Group during the fourth quarter worth approximately $201,000. Finally, Benjamin Edwards Inc. bought a new stake in Enerpac Tool Group during the first quarter worth approximately $203,000. 97.70% of the stock is owned by institutional investors.

Enerpac Tool Group Trading Down 0.1%

Shares of EPAC traded down $0.05 during mid-day trading on Friday, reaching $41.73. 521,799 shares of the company's stock traded hands, compared to its average volume of 385,291. The stock has a market cap of $2.26 billion, a P/E ratio of 25.60 and a beta of 1.16. The stock's 50-day moving average is $39.99 and its two-hundred day moving average is $42.16. Enerpac Tool Group Corp. has a 12 month low of $36.51 and a 12 month high of $51.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.90 and a quick ratio of 2.24.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its earnings results on Monday, June 23rd. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. The firm had revenue of $158.66 million for 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. Research analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share 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. Stockholders of record on Tuesday, October 7th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. Enerpac Tool Group's dividend payout ratio is currently 2.45%.

Wall Street Analyst Weigh In

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

Insider Activity at Enerpac Tool Group

In other news, Director E James Ferland, Jr. sold 4,224 shares of the company's stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% 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.