Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 47.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 40,006 shares of the company’s stock after selling 36,429 shares during the quarter. Federated Hermes Inc. owned about 0.07% of Enerpac Tool Group worth $1,527,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Enerpac Tool Group by 90.1% during the first quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock worth $33,000 after acquiring an additional 444 shares during the period. CWM LLC raised its stake in shares of Enerpac Tool Group by 89.3% during the 2nd quarter. CWM LLC now owns 2,275 shares of the company’s stock worth $87,000 after buying an additional 1,073 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Enerpac Tool Group in the 2nd quarter valued at approximately $204,000. Foundry Partners LLC purchased a new stake in shares of Enerpac Tool Group in the first quarter valued at approximately $226,000. Finally, Premier Fund Managers Ltd purchased a new stake in shares of Enerpac Tool Group in the fourth quarter valued at approximately $248,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Trading Down 0.2 %

NYSE:EPAC opened at $41.91 on Friday. Enerpac Tool Group Corp. has a 1 year low of $25.65 and a 1 year high of $42.86. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.20 and a current ratio of 2.85. The stock has a fifty day moving average price of $40.23 and a two-hundred day moving average price of $37.89. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 27.57 and a beta of 1.15.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings results on Monday, June 24th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $150.39 million during the quarter, compared to the consensus estimate of $153.20 million. Enerpac Tool Group had a net margin of 14.13% and a return on equity of 26.80%. During the same quarter last year, the firm posted $0.39 EPS. As a group, sell-side analysts anticipate that Enerpac Tool Group Corp. will post 1.75 earnings per share for the current fiscal year.

Enerpac Tool Group Announces Dividend

The company also recently declared an annual dividend, which will be paid on Friday, October 18th. Stockholders of record on Monday, October 7th will be paid a dividend of $0.04 per share. This represents a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, October 7th. Enerpac Tool Group’s dividend payout ratio (DPR) is presently 2.63%.

Insider Buying and Selling

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 1,937 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $37.92, for a total transaction of $73,451.04. Following the completion of the transaction, the director now directly owns 86,047 shares in the company, valued at approximately $3,262,902.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.

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.