BMO Capital Markets Analysts Give Actuant Corp. (ATU) a $22.00 Price Target
Actuant Corp. (NYSE:ATU) has been assigned a $22.00 price target by analysts at BMO Capital Markets in a report issued on Saturday. The firm currently has a a “hold” rating on the stock. BMO Capital Markets’ price target indicates a potential downside of 5.05% from the company’s current price.
A number of other research analysts also recently issued reports on the stock. Wells Fargo & Co. downgraded shares of Actuant Corp. from an “outperform” rating to a “market perform” rating in a research report on Friday. TheStreet downgraded shares of Actuant Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Zacks Investment Research raised shares of Actuant Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Barclays PLC reissued an “equal weight” rating and set a $20.00 target price on shares of Actuant Corp. in a research report on Tuesday, July 12th. Finally, Royal Bank Of Canada dropped their target price on shares of Actuant Corp. from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Thursday, June 23rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $23.67.
Actuant Corp. (NYSE:ATU) traded down 3.38% on Friday, reaching $23.17. 678,622 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $23.20 and a 200 day moving average price of $24.51. The stock’s market cap is $1.37 billion. Actuant Corp. has a 12-month low of $20.49 and a 12-month high of $27.71.
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Actuant Corp. (NYSE:ATU) last issued its quarterly earnings data on Wednesday, September 28th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Actuant Corp. had a negative net margin of 9.15% and a positive return on equity of 13.22%. The firm had revenue of $275.77 million for the quarter. During the same period in the previous year, the firm earned $0.37 EPS. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. Analysts forecast that Actuant Corp. will post ($0.01) EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Wednesday, September 28th. Actuant Corp.’s dividend payout ratio is currently -2.23%.
In other news, CEO Randal W. Baker bought 10,795 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The stock was purchased at an average cost of $23.14 per share, for a total transaction of $249,796.30. Following the purchase, the chief executive officer now directly owns 63,979 shares in the company, valued at approximately $1,480,474.06. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.90% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of ATU. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Actuant Corp. by 1.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 176,772 shares of the company’s stock valued at $4,236,000 after buying an additional 1,711 shares in the last quarter. Engineers Gate Manager LP boosted its position in Actuant Corp. by 115.4% in the fourth quarter. Engineers Gate Manager LP now owns 42,847 shares of the company’s stock valued at $1,027,000 after buying an additional 22,958 shares in the last quarter. Isthmus Partners LLC boosted its position in Actuant Corp. by 5.0% in the fourth quarter. Isthmus Partners LLC now owns 27,553 shares of the company’s stock valued at $660,000 after buying an additional 1,321 shares in the last quarter. State Street Corp boosted its position in Actuant Corp. by 0.6% in the first quarter. State Street Corp now owns 1,156,962 shares of the company’s stock valued at $28,585,000 after buying an additional 7,393 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Actuant Corp. by 4.2% in the fourth quarter. Rhumbline Advisers now owns 103,436 shares of the company’s stock valued at $2,478,000 after buying an additional 4,130 shares in the last quarter.
About Actuant Corp.
Actuant Corporation is a global diversified company that designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company is organized into three operating segments: Industrial, Energy and Engineered Solutions. The Industrial segment is 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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