Principal Financial Group Inc. Buys 9,177 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Principal Financial Group Inc. increased its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 296,448 shares of the company’s stock after acquiring an additional 9,177 shares during the quarter. Principal Financial Group Inc. owned approximately 0.55% of Enerpac Tool Group worth $13,299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EPAC. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Enerpac Tool Group by 2.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,980,906 shares of the company’s stock valued at $204,665,000 after buying an additional 117,203 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Enerpac Tool Group by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 626,058 shares of the company’s stock valued at $25,725,000 after buying an additional 4,602 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Enerpac Tool Group by 10.9% during the fourth quarter. Northern Trust Corp now owns 617,474 shares of the company’s stock valued at $25,372,000 after buying an additional 60,905 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Enerpac Tool Group by 39.2% during the fourth quarter. Invesco Ltd. now owns 574,894 shares of the company’s stock valued at $23,622,000 after buying an additional 161,794 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Enerpac Tool Group by 230.6% during the fourth quarter. Ameriprise Financial Inc. now owns 535,310 shares of the company’s stock valued at $21,996,000 after buying an additional 373,372 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Enerpac Tool Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 5th.

Enerpac Tool Group Stock Down 1.3%

EPAC opened at $37.62 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.90 and a quick ratio of 2.24. The company’s 50-day moving average is $42.24 and its 200 day moving average is $42.75. Enerpac Tool Group Corp. has a fifty-two week low of $36.78 and a fifty-two week high of $51.91. The firm has a market capitalization of $2.03 billion, a P/E ratio of 23.08 and a beta of 1.16.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings results on Monday, June 23rd. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $158.66 million for the quarter, compared to analyst estimates of $159.35 million. During the same period last year, the firm earned $0.47 earnings per share. Research analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Enerpac Tool Group 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.