Dimensional Fund Advisors LP Boosts Stock Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Dimensional Fund Advisors LP raised its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,542,000 shares of the company’s stock after acquiring an additional 53,055 shares during the period. Dimensional Fund Advisors LP owned approximately 2.84% of Enerpac Tool Group worth $58,874,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EPAC. Norges Bank purchased a new stake in Enerpac Tool Group during the 4th quarter valued at approximately $15,077,000. Champlain Investment Partners LLC raised its stake in Enerpac Tool Group by 6.2% during the 1st quarter. Champlain Investment Partners LLC now owns 3,191,590 shares of the company’s stock valued at $113,812,000 after acquiring an additional 186,335 shares during the last quarter. Kingdon Capital Management L.L.C. purchased a new stake in Enerpac Tool Group during the 1st quarter valued at approximately $5,349,000. Capital International Investors raised its stake in Enerpac Tool Group by 2.8% during the 4th quarter. Capital International Investors now owns 4,347,380 shares of the company’s stock valued at $135,160,000 after acquiring an additional 118,691 shares during the last quarter. Finally, Kennedy Capital Management LLC raised its stake in Enerpac Tool Group by 22.6% during the 1st quarter. Kennedy Capital Management LLC now owns 594,327 shares of the company’s stock valued at $21,194,000 after acquiring an additional 109,463 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Stock Up 0.4 %

EPAC opened at $41.86 on Friday. The company has a market cap of $2.27 billion, a PE ratio of 27.54 and a beta of 1.15. The business has a 50 day moving average price of $40.38 and a two-hundred day moving average price of $38.24. Enerpac Tool Group Corp. has a 52 week low of $25.65 and a 52 week high of $43.00. The company has a quick ratio of 2.20, a current ratio of 2.85 and a debt-to-equity ratio of 0.52.

Enerpac Tool Group Announces Dividend

The firm also recently announced 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 2.63%.

Insider Transactions at Enerpac Tool Group

In other news, Director E James Ferland, Jr. sold 1,937 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was 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 of the company’s stock, valued at approximately $3,262,902.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.87% of the company’s stock.

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.