Enerpac Tool Group (NYSE:EPAC) Stock Price Up 0.1% – What’s Next?

Shares of Enerpac Tool Group Corp. (NYSE:EPAC) traded up 0.1% during trading on Tuesday. The company traded as high as $35.38 and last traded at $35.1750. Approximately 257,838 shares were traded during trading, a decline of 43% from the average daily volume of 453,773 shares. The stock had previously closed at $35.15.

Analysts Set New Price Targets

EPAC has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Enerpac Tool Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Zacks Research raised shares of Enerpac Tool Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. Finally, Roth Capital reiterated a “buy” rating and issued a $50.00 target price on shares of Enerpac Tool Group in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.00.

Enerpac Tool Group Stock Performance

The company has a current ratio of 2.67, a quick ratio of 2.04 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 19.80 and a beta of 0.81. The stock has a fifty day moving average price of $36.22 and a 200-day moving average price of $35.52.

Enerpac Tool Group Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Friday, October 16th. Stockholders of record on Tuesday, October 6th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a dividend yield of 11.0%. Enerpac Tool Group’s dividend payout ratio is presently 2.26%.

Institutional Trading of Enerpac Tool Group

Large investors have recently added to or reduced their stakes in the company. Moody National Bank Trust Division grew its holdings in Enerpac Tool Group by 2.6% during the 2nd quarter. Moody National Bank Trust Division now owns 17,210 shares of the company’s stock worth $617,000 after acquiring an additional 440 shares during the period. PNC Financial Services Group Inc. increased its holdings in Enerpac Tool Group by 8.4% in the first quarter. PNC Financial Services Group Inc. now owns 7,685 shares of the company’s stock valued at $280,000 after purchasing an additional 597 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Enerpac Tool Group by 9.0% in the first quarter. Janney Montgomery Scott LLC now owns 7,894 shares of the company’s stock valued at $288,000 after buying an additional 652 shares during the period. Aristides Capital LLC lifted its stake in Enerpac Tool Group by 12.9% in the first quarter. Aristides Capital LLC now owns 6,012 shares of the company’s stock valued at $219,000 after buying an additional 688 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Enerpac Tool Group by 567.4% during the third quarter. Versant Capital Management Inc now owns 941 shares of the company’s stock worth $33,000 after buying an additional 800 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

About Enerpac Tool Group

Enerpac Tool Group Corp. (NYSE: EPAC) is an industrial tools and services company that provides high-force hydraulic and mechanical equipment for demanding applications. Its products are used to lift, move, position, assemble, maintain and precisely control large or heavy structures and machinery.

The company offers hydraulic cylinders, pumps, jacks, torque wrenches, bolting equipment, hydraulic gantries, lifting systems and related tools. It also provides specialized maintenance, repair and field services through businesses such as Hydratight, which supports industrial bolting and joint integrity applications.