Acme United (NYSE:ACU) Director Susan Murphy Sells 2,890 Shares of Stock

Acme United Co. (NYSE:ACU) Director Susan Murphy sold 2,890 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $67.00, for a total transaction of $193,630.00. Following the completion of the sale, the director owned 5,967 shares in the company, valued at $399,789. The trade was a 32.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Acme United Trading Up 1.8%

Shares of Acme United stock opened at $70.75 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91. The firm has a fifty day moving average price of $63.32 and a 200 day moving average price of $50.72. Acme United Co. has a 1 year low of $35.50 and a 1 year high of $71.99. The stock has a market cap of $269.56 million, a PE ratio of 14.47 and a beta of 0.40.

Acme United Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Friday, October 2nd were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, October 2nd. Acme United’s dividend payout ratio (DPR) is currently 23.53%.

Analysts Set New Price Targets

Separately, Freedom Broker boosted their price objective on Acme United from $58.00 to $70.00 and gave the company a “hold” rating in a report on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Acme United currently has a consensus rating of “Buy” and a consensus target price of $70.00.

Institutional Investors Weigh In On Acme United

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Acme United in the 2nd quarter valued at $8,578,000. Renaissance Technologies LLC grew its holdings in Acme United by 0.4% in the first quarter. Renaissance Technologies LLC now owns 116,558 shares of the company’s stock valued at $5,235,000 after purchasing an additional 451 shares during the period. Bard Associates Inc. purchased a new position in shares of Acme United during the 2nd quarter valued at approximately $5,163,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Acme United in the 2nd quarter valued at $1,627,000. Finally, Bank of New York Mellon Corp acquired a new stake in Acme United in the 2nd quarter valued at $1,509,000. Institutional investors and hedge funds own 62.10% of the company’s stock.

About Acme United

Acme United Corporation is a manufacturer and supplier of first aid and medical products, cutting instruments, measuring tools and school and office supplies. The company serves the consumer, industrial, medical, school and office markets through a portfolio of branded and private-label products.

Its product offerings include workplace first aid cabinets and kits, medical and emergency supplies, scissors, shears, knives, sharpeners, rulers and other measuring instruments. Acme United markets products under brands such as PhysiciansCare, First Aid Only, Pac-Kit, Westcott and Clauss.

Founded in 1867, Acme United is headquartered in Fairfield, Connecticut, and serves customers in the United States, Canada and Europe.