Enerpac Tool Group Corp. $EPAC Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its holdings in Enerpac Tool Group Corp. by 11.7%, owning 642,136 shares valued at approximately $28.81 million, highlighting institutional interest in the company.
• Enerpac Tool Group recently declared a quarterly dividend of $0.04 per share, with a payment date set for October 17, and an annualized dividend yield of 0.4%.
• Analysts have adjusted their ratings, with one lowering the stock from a "strong-buy" to a "buy," while the average price target for Enerpac is now set at $53.00.

Invesco Ltd. increased its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 11.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 642,136 shares of the company's stock after buying an additional 67,242 shares during the period. Invesco Ltd. owned 1.19% of Enerpac Tool Group worth $28,806,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its holdings in Enerpac Tool Group by 41.0% during the first quarter. Assetmark Inc. now owns 980 shares of the company's stock worth $44,000 after buying an additional 285 shares in the last quarter. Whittier Trust Co. boosted its holdings 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 buying an additional 1,303 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in Enerpac Tool Group during the fourth quarter valued at $99,000. State of Wyoming purchased a new position in Enerpac Tool Group during the fourth quarter valued at $201,000. Finally, Benjamin Edwards Inc. purchased a new position in Enerpac Tool Group during the first quarter valued at $203,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Enerpac Tool Group

In related news, Director E James Ferland, Jr. sold 4,224 shares of the firm's stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Enerpac Tool Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $53.00.

Enerpac Tool Group Price Performance

Shares of NYSE EPAC traded down $0.2110 during mid-day trading on Monday, reaching $43.4990. The company's stock had a trading volume of 370,763 shares, compared to its average volume of 389,656. The stock has a 50-day moving average of $39.97 and a two-hundred day moving average of $42.02. The stock has a market capitalization of $2.35 billion, a P/E ratio of 26.69 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.24 and a current ratio of 2.90. Enerpac Tool Group Corp. has a 1-year low of $36.51 and a 1-year high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings data on Monday, June 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. Enerpac Tool Group had a net margin of 14.65% and a return on equity of 24.04%. The firm had revenue of $158.66 million during the quarter, compared to analysts' expectations of $159.35 million. During the same period last year, the business earned $0.47 earnings per share. On average, equities research analysts anticipate that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Enerpac Tool Group Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, October 7th. Enerpac Tool Group's dividend payout ratio (DPR) is presently 2.45%.

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.