US Bancorp DE Sells 3,326 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

US Bancorp DE decreased its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 19.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,910 shares of the company’s stock after selling 3,326 shares during the period. US Bancorp DE’s holdings in Enerpac Tool Group were worth $624,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Federated Hermes Inc. boosted its stake in shares of Enerpac Tool Group by 13.6% in the 4th quarter. Federated Hermes Inc. now owns 46,272 shares of the company’s stock valued at $1,901,000 after purchasing an additional 5,528 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Enerpac Tool Group by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 296,448 shares of the company’s stock valued at $13,299,000 after purchasing an additional 9,177 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Enerpac Tool Group by 14.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,051 shares of the company’s stock valued at $316,000 after buying an additional 917 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Enerpac Tool Group by 6.9% during 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. Finally, SG Americas Securities LLC boosted its position in Enerpac Tool Group by 332.7% during the 1st quarter. SG Americas Securities LLC now owns 10,834 shares of the company’s stock valued at $486,000 after buying an additional 8,330 shares during the period. Institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Trading Up 0.7%

NYSE:EPAC opened at $40.55 on Tuesday. The company has a 50-day moving average price of $40.06 and a 200-day moving average price of $42.19. Enerpac Tool Group Corp. has a 12 month low of $36.51 and a 12 month high of $51.91. The company has a current ratio of 2.90, a quick ratio of 2.24 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 24.87 and a beta of 1.16.

Enerpac Tool Group (NYSE:EPAC) last posted its earnings results on Monday, June 23rd. The company reported $0.51 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 company posted $0.47 EPS. Equities analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Enerpac Tool Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, October 7th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, October 7th. Enerpac Tool Group’s dividend payout ratio (DPR) is currently 2.45%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut 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.