KLP Kapitalforvaltning AS Has $467,000 Stock Position in Enerpac Tool Group Corp. (NYSE:EPAC)

KLP Kapitalforvaltning AS trimmed its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 55.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,400 shares of the company's stock after selling 13,200 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Enerpac Tool Group were worth $467,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Enerpac Tool Group in the fourth quarter valued at approximately $1,185,000. American Century Companies Inc. boosted its holdings in Enerpac Tool Group by 8.2% in the fourth quarter. American Century Companies Inc. now owns 117,931 shares of the company's stock valued at $4,846,000 after acquiring an additional 8,891 shares during the last quarter. LPL Financial LLC bought a new position in Enerpac Tool Group in the fourth quarter valued at about $216,000. JPMorgan Chase & Co. boosted its holdings in Enerpac Tool Group by 77.5% during the fourth quarter. JPMorgan Chase & Co. now owns 214,276 shares of the company's stock worth $8,805,000 after buying an additional 93,528 shares during the last quarter. Finally, Norges Bank bought a new position in Enerpac Tool Group during the fourth quarter worth about $6,533,000. Institutional investors and hedge funds own 97.70% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Enerpac Tool Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th.

Enerpac Tool Group Stock Performance

EPAC traded down $1.01 during trading hours on Friday, reaching $37.50. The company's stock had a trading volume of 471,388 shares, compared to its average volume of 433,744. Enerpac Tool Group Corp. has a 52 week low of $36.51 and a 52 week high of $51.91. The company's 50-day moving average is $40.42 and its 200-day moving average is $42.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.24 and a current ratio of 2.90. The firm has a market cap of $2.03 billion, a PE ratio of 23.01 and a beta of 1.16.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings data on Monday, June 23rd. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. The firm had revenue of $158.66 million for the quarter, compared to analyst estimates of $159.35 million. Enerpac Tool Group had a return on equity of 24.04% and a net margin of 14.65%. During the same period in the prior year, the firm posted $0.47 EPS. On average, equities analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Enerpac Tool Group Announces Dividend

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

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.