Actuant Corporation (NYSE:ATU) VP Ted Wozniak sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $26.19, for a total transaction of $130,950.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Actuant Corporation (NYSE ATU) opened at 26.25 on Friday. The firm has a 50-day moving average of $25.55 and a 200-day moving average of $25.14. The stock’s market capitalization is $1.57 billion. Actuant Corporation has a 1-year low of $21.40 and a 1-year high of $29.80.
Actuant Corporation (NYSE:ATU) last announced its quarterly earnings results on Wednesday, September 27th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The company had revenue of $275.70 million for the quarter, compared to analysts’ expectations of $265.33 million. Actuant Corporation had a negative net margin of 6.04% and a positive return on equity of 9.43%. The business’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. Equities analysts expect that Actuant Corporation will post $0.01 EPS for the current fiscal year.
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Several research firms recently weighed in on ATU. BMO Capital Markets boosted their price target on shares of Actuant Corporation from $22.00 to $23.00 and gave the stock a “market perform” rating in a report on Friday, August 18th. Stifel Nicolaus cut their price target on shares of Actuant Corporation from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, June 22nd. Gabelli upgraded shares of Actuant Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. J P Morgan Chase & Co upgraded shares of Actuant Corporation from an “underweight” rating to a “neutral” rating and dropped their target price for the company from $23.00 to $21.00 in a research note on Wednesday, June 21st. Finally, KeyCorp reiterated a “buy” rating and issued a $29.00 target price (up from $28.00) on shares of Actuant Corporation in a research note on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.44.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Actuant Corporation during the 1st quarter valued at about $134,000. Pacad Investment Ltd. boosted its holdings in shares of Actuant Corporation by 30.3% during the 2nd quarter. Pacad Investment Ltd. now owns 5,080 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 1,180 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Actuant Corporation by 3.2% during the 2nd quarter. US Bancorp DE now owns 6,173 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 190 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Actuant Corporation by 6.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 7,104 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 420 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of Actuant Corporation by 4.0% during the 2nd quarter. Amalgamated Bank now owns 8,183 shares of the industrial products company’s stock valued at $201,000 after acquiring an additional 314 shares during the last quarter.
Actuant Corporation Company Profile
Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company operates through three segments: Industrial, Energy and Engineered Solutions. The Company’s Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets.
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