Actuant Corporation (ATU) PT Raised to $27.00
Actuant Corporation (NYSE:ATU) had its price target boosted by Robert W. Baird from $26.00 to $27.00 in a research note released on Thursday. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.
A number of other equities research analysts have also recently commented on the company. J P Morgan Chase & Co raised Actuant Corporation from an underweight rating to a neutral rating and cut their target price for the stock from $23.00 to $21.00 in a research note on Wednesday, June 21st. Zacks Investment Research lowered Actuant Corporation from a hold rating to a sell rating in a research report on Monday, June 12th. Gabelli raised Actuant Corporation from a hold rating to a buy rating in a research report on Thursday, June 22nd. Wolfe Research lowered Actuant Corporation from a market perform rating to an underperform rating in a research report on Monday, August 21st. Finally, BidaskClub cut shares of Actuant Corporation from a hold rating to a sell rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Actuant Corporation currently has a consensus rating of Hold and an average target price of $26.00.
Actuant Corporation (NYSE ATU) opened at 25.60 on Thursday. The company’s 50 day moving average is $24.07 and its 200-day moving average is $25.26. Actuant Corporation has a 52-week low of $21.40 and a 52-week high of $29.80. The company’s market capitalization is $1.53 billion.
Actuant Corporation (NYSE:ATU) last posted its quarterly earnings data on Wednesday, September 27th. The industrial products company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). The company had revenue of $275.70 million for the quarter, compared to the consensus estimate of $265.33 million. Actuant Corporation had a negative net margin of 6.04% and a positive return on equity of 9.43%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $0.30 EPS. Equities analysts anticipate that Actuant Corporation will post $0.01 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Thursday, September 28th. Actuant Corporation’s dividend payout ratio (DPR) is -3.57%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pacad Investment Ltd. grew its stake in shares of Actuant Corporation by 30.3% in the second quarter. Pacad Investment Ltd. now owns 5,080 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 1,180 shares during the period. Bank of Montreal Can raised its holdings in shares of Actuant Corporation by 16.0% during the first quarter. Bank of Montreal Can now owns 5,035 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 695 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Actuant Corporation during the first quarter valued at approximately $134,000. US Bancorp DE lifted its position in Actuant Corporation by 3.2% during the second quarter. US Bancorp DE now owns 6,173 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 190 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its position in Actuant Corporation by 6.3% during the first quarter. Public Employees Retirement System of Ohio now owns 7,104 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 420 shares during the period.
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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