Principal Financial Group Inc. Has $13.30 Million Stock Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Principal Financial Group Inc. boosted its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 296,448 shares of the company's stock after purchasing an additional 9,177 shares during the quarter. Principal Financial Group Inc. owned 0.55% of Enerpac Tool Group worth $13,299,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bank of Montreal Can raised its stake in shares of Enerpac Tool Group by 2.8% in the 4th quarter. Bank of Montreal Can now owns 11,381 shares of the company's stock valued at $468,000 after buying an additional 314 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Enerpac Tool Group by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,689 shares of the company's stock valued at $234,000 after buying an additional 361 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Enerpac Tool Group by 16.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company's stock valued at $120,000 after buying an additional 418 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Enerpac Tool Group by 6.9% in 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 in the last quarter. Finally, Moody National Bank Trust Division raised its stake in shares of Enerpac Tool Group by 4.8% in the 1st quarter. Moody National Bank Trust Division now owns 10,967 shares of the company's stock valued at $492,000 after buying an additional 506 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Enerpac Tool Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th.

Enerpac Tool Group Price Performance

Shares of EPAC stock traded down $0.49 during mid-day trading on Friday, reaching $37.62. The company's stock had a trading volume of 462,025 shares, compared to its average volume of 337,101. Enerpac Tool Group Corp. has a 1-year low of $36.78 and a 1-year high of $51.91. The company has a market cap of $2.03 billion, a P/E ratio of 23.08 and a beta of 1.16. 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's 50-day moving average is $42.24 and its two-hundred day moving average is $42.75.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its earnings results on Monday, June 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.04. The business had revenue of $158.66 million during the quarter, compared to analysts' expectations of $159.35 million. Enerpac Tool Group had a net margin of 14.65% and a return on equity of 24.04%. During the same quarter last year, the company posted $0.47 EPS. On average, research analysts predict that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

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.