Prudential Financial Takes 5.31% Stake in Enerpac Tool Group

TL;DR

**Prudential just disclosed a 5.31% stake in Enerpac Tool Group, signaling institutional confidence.**

AI Summary

Prudential Financial, Inc. has disclosed a significant stake in Enerpac Tool Group Corp., reporting beneficial ownership of 2,875,063 shares of common stock, representing 5.31% of the company. This filing, dated February 13, 2024, indicates that Prudential holds both sole and shared voting and dispositive power over these shares. This matters to investors because a large institutional investor like Prudential taking a substantial position can signal confidence in Enerpac's future prospects, potentially attracting other investors and influencing stock performance.

Why It Matters

A major institutional investor like Prudential Financial acquiring over 5% of Enerpac Tool Group's shares suggests a strong belief in the company's value, which could be a positive signal for current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing indicates a large institutional investor has taken a significant stake, which is generally seen as a positive or neutral development, not increasing risk.

Analyst Insight

A smart investor would view this as a positive signal, potentially indicating institutional confidence in Enerpac Tool Group. It might warrant further research into Enerpac's fundamentals and recent performance, as well as Prudential's investment thesis.

Key Numbers

• 2,875,063 — Aggregate Shares Beneficially Owned (Total shares of Enerpac Tool Group Corp. owned by Prudential Financial, Inc.)
• 5.31% — Percent of Class (The percentage of Enerpac Tool Group Corp.'s common stock owned by Prudential Financial, Inc.)
• 70,937 — Sole Voting Power Shares (Shares over which Prudential Financial, Inc. has sole voting and dispositive power.)
• 2,804,126 — Shared Voting Power Shares (Shares over which Prudential Financial, Inc. has shared voting and dispositive power.)

Key Players & Entities

• Prudential Financial, Inc. (company) — the reporting person acquiring shares
• ENERPAC TOOL GROUP CORP (company) — the issuer whose shares were acquired
• New Jersey (state) — place of organization for Prudential Financial, Inc.
• Menomonee Falls, WI (city) — location of Enerpac Tool Group Corp.'s executive offices

Forward-Looking Statements

• Enerpac Tool Group Corp. stock may experience increased investor interest due to Prudential's significant stake. (ENERPAC TOOL GROUP CORP) — medium confidence, target: next 3-6 months

FAQ

Filing Documents

• ener.htm (SC 13G) — 8KB
• 0001137774-24-000030.txt ( ) — 9KB

(a). NAME OF ISSUER

ITEM 1(a). NAME OF ISSUER: ENERPAC TOOL GROUP CORP

(b). ADDRESS OF ISSUER'S EXECUTIVE OFFICES

ITEM 1(b). ADDRESS OF ISSUER'S EXECUTIVE OFFICES: N86 W12500 WESTBROOK CROSSING MENOMONEE FALLS, WI 53051

(a). NAME OF PERSON FILING

ITEM 2(a). NAME OF PERSON FILING: Prudential Financial, Inc.

(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE: 751 Broad Street Newark, New Jersey 07102-3777

(c). CITIZENSHIP

ITEM 2(c). CITIZENSHIP: New Jersey

(d). TITLE OF CLASS OF SECURITIES

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock

(e). CUSIP NUMBER

ITEM 2(e). CUSIP NUMBER: 292765104

The Person filing this statement is a Parent Holding Company as

ITEM 3. The Person filing this statement is a Parent Holding Company as defined in Section 240.13d-1(b)(1)(ii)(G) of the Securities Exchange Act of 1934.

OWNERSHIP

ITEM 4. OWNERSHIP: (a) Number of Shares Beneficially Owned: 2,875,063 See Exhibit A (b) Percent of Class: 5.31 (c) Powers No. Of Shares ----------- -------------------- Sole power to vote or 70,937 See Exhibit A to direct the vote Shared power to vote or 2,804,126 See Exhibit A to direct the vote Sole power to dispose or 70,937 See Exhibit A to direct disposition Shared power to dispose 2,804,126 See Exhibit A or to direct disposition

OWNERSHIP OF 5% OR LESS OF A CLASS

ITEM 5. OWNERSHIP OF 5% OR LESS OF A CLASS: Not Applicable

OWNERSHIP OF MORE THAN 5% ON BEHALF OF

ITEM 6. OWNERSHIP OF MORE THAN 5% ON BEHALF OF ANOTHER PERSON: Our clients may have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities which are the subject of this filing.

IDENTIFICATION AND CLASSIFICATION OF THE

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE ULTIMATE PARENT COMPANY: See Exhibit A

IDENTIFICATION AND CLASSIFICATION OF

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: Not Applicable

NOTICE OF DISSOLUTION OF GROUP

ITEM 9. NOTICE OF DISSOLUTION OF GROUP: Not Applicable

CERTIFICATION

ITEM 10. CERTIFICATION: By signing below, Prudential Financial, Inc. certifies that, to the best of its knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. The filing of this statement should not be construed as an admission that Prudential Financial, Inc. is, for purposes of Sections 13 or 16 of the Securities Exchange Act of 1934, the beneficial owner of such shares. SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, Prudential Financial, Inc. certifies that the information set forth in this PRUDENTIAL FINANCIAL, INC. By:RICHARD BAKER Second Vice President Date:2-13-2024 As of:12-31-2023 Exhibit A --------------

OWNERSHIP

ITEM 4. OWNERSHIP: Through its parent/subsidiary relationship, Prudential Financial, Inc. may be deemed the beneficial owner of the same securities as the Item 7 listed subsidiaries and may have direct or indirect voting and/or investment discretion over 2,875,063 shares. These shares were acquired in the ordinary course of business, and not with the purpose or effect of changing or influencing control of the Issuer. The filing of this statement should not be construed as an admission that Prudential Financial, Inc. is, for the purposes of Sections 13 or 16 of the Securities Exchange Act of 1934, the beneficial owner of these shares.

IDENTIFICATION/CLASSIFICATION

ITEM 7. IDENTIFICATION/CLASSIFICATION: Prudential Financial, Inc. is a Parent Holding Company and the indirect parent of the following subsidiaries, who are the beneficial owners of the number and percentage of securities which are the subject of this filing as set forth next to their names: Subsidiaries Number of Shares Percentage The Prudential Insurance Company of America IC 67,334 0.13 Jennison Associates LLC IA 2,744,463 5.07 PGIM, Inc. IA 0 0.00 PGIM Quantitative Solutions LLC IA 63,266 0.12 PRUCO Securities, LLC IA 0 0.00

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