Actuant Co. (NYSE:ATU) – Research analysts at Gabelli reduced their FY2018 EPS estimates for shares of Actuant in a report issued on Thursday. Gabelli analyst J. Bergner now forecasts that the industrial products company will post earnings of $1.03 per share for the year, down from their previous estimate of $1.05. Gabelli also issued estimates for Actuant’s FY2019 earnings at $1.20 EPS, FY2020 earnings at $1.45 EPS, FY2021 earnings at $1.65 EPS and FY2022 earnings at $1.90 EPS.

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Other research analysts also recently issued research reports about the stock. Robert W. Baird set a $25.00 target price on shares of Actuant and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research raised shares of Actuant from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Wednesday, December 20th. Stifel Nicolaus cut their target price on shares of Actuant from $26.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday. BMO Capital Markets cut their target price on shares of Actuant from $25.00 to $24.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, KeyCorp cut their target price on shares of Actuant from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $24.44.

Shares of Actuant (NYSE ATU) traded up $0.30 during mid-day trading on Friday, reaching $22.80. 166,355 shares of the company traded hands, compared to its average volume of 496,176. Actuant has a 12-month low of $21.50 and a 12-month high of $27.95. The firm has a market cap of $1,368.17, a P/E ratio of -15.10, a price-to-earnings-growth ratio of 2.28 and a beta of 1.56. The company has a quick ratio of 1.35, a current ratio of 2.15 and a debt-to-equity ratio of 0.88.

Actuant (NYSE:ATU) last announced its earnings results on Wednesday, March 21st. The industrial products company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). Actuant had a negative net margin of 7.86% and a positive return on equity of 9.21%. The firm had revenue of $275.20 million during the quarter, compared to analyst estimates of $267.57 million. During the same period in the previous year, the firm posted $0.11 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year.

In other Actuant news, VP Ted Wozniak sold 6,000 shares of Actuant stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $25.66, for a total value of $153,960.00. Following the completion of the sale, the vice president now owns 70,705 shares in the company, valued at approximately $1,814,290.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by insiders.

Several large investors have recently modified their holdings of ATU. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Actuant by 944.3% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,979,300 shares of the industrial products company’s stock worth $50,076,000 after acquiring an additional 1,789,764 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of Actuant by 9.1% during the 4th quarter. Pzena Investment Management LLC now owns 4,274,245 shares of the industrial products company’s stock valued at $108,138,000 after acquiring an additional 356,721 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Actuant by 119.1% during the 4th quarter. Renaissance Technologies LLC now owns 508,900 shares of the industrial products company’s stock valued at $12,875,000 after acquiring an additional 276,600 shares in the last quarter. Deutsche Bank AG raised its position in shares of Actuant by 126.7% during the 4th quarter. Deutsche Bank AG now owns 432,532 shares of the industrial products company’s stock valued at $10,941,000 after acquiring an additional 241,705 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Actuant by 8.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,342,420 shares of the industrial products company’s stock valued at $59,966,000 after acquiring an additional 183,715 shares in the last quarter.

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Actuant 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.

Earnings History and Estimates for Actuant (NYSE:ATU)

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