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Actuant (NYSE:ATU) Director Robert C. Arzbaecher sold 100,000 shares of the company’s stock on the open market in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $33.89, for a total transaction of $3,389,000.00. Following the sale, the director now directly owns 99,383 shares of the company’s stock, valued at approximately $3,368,090. The sale was disclosed in a filing with the SEC, which is available at this link.

A number of research firms have recently commented on ATU. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Actuant in a research note on Tuesday, June 17th. They now have a $38.00 price target on the stock, down previously from $39.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Actuant in a research note on Thursday, April 3rd. They now have a $37.00 price target on the stock. Finally, analysts at SunTrust upgraded shares of Actuant from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 2nd. They now have a $40.00 price target on the stock, up previously from $38.00. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $40.33.

Actuant (NYSE:ATU) traded down 0.18% on Thursday, hitting $33.85. 367,844 shares of the company’s stock traded hands. Actuant has a 52 week low of $32.22 and a 52 week high of $39.84. The stock’s 50-day moving average is $35.0 and its 200-day moving average is $34.94. The company has a market cap of $2.384 billion and a price-to-earnings ratio of 13.46.

Actuant (NYSE:ATU) last issued its quarterly earnings data on Wednesday, June 18th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. The company had revenue of $378.00 million for the quarter, compared to the consensus estimate of $376.43 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts predict that Actuant will post $1.93 earnings per share for the current fiscal year.

Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets.

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