Enerpac Tool Group Corp. (NYSE:EPAC) Stake Lessened by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC decreased its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 4.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,378,598 shares of the company’s stock after selling 108,916 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 4.38% of Enerpac Tool Group worth $90,815,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Enerpac Tool Group by 90.1% in the 1st quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock worth $33,000 after buying an additional 444 shares in the last quarter. CWM LLC grew its holdings in Enerpac Tool Group by 89.3% during the second quarter. CWM LLC now owns 2,275 shares of the company’s stock worth $87,000 after acquiring an additional 1,073 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in Enerpac Tool Group in the second quarter worth about $204,000. Foundry Partners LLC acquired a new stake in Enerpac Tool Group in the 1st quarter valued at about $226,000. Finally, Thoroughbred Financial Services LLC acquired a new stake in Enerpac Tool Group in the 2nd quarter valued at about $273,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 1,937 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $37.92, for a total value of $73,451.04. Following the transaction, the director now owns 86,047 shares in the company, valued at approximately $3,262,902.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.87% of the stock is currently owned by company insiders.

Enerpac Tool Group Stock Performance

Shares of EPAC opened at $41.92 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.85 and a quick ratio of 2.20. The firm’s 50 day moving average is $40.23 and its 200-day moving average is $37.93. Enerpac Tool Group Corp. has a 12-month low of $25.65 and a 12-month high of $42.86. The stock has a market capitalization of $2.28 billion, a P/E ratio of 27.58 and a beta of 1.15.

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

Enerpac Tool Group Announces Dividend

The business also recently announced an annual dividend, which will be paid on Friday, October 18th. Stockholders of record on Monday, October 7th will be issued 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 is 2.63%.

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.