Actuant Corp. (ATU) CEO Randal W. Baker Acquires 15,000 Shares
Actuant Corp. (NYSE:ATU) CEO Randal W. Baker bought 15,000 shares of the firm’s stock in a transaction on Thursday, October 13th. The shares were purchased at an average cost of $22.30 per share, with a total value of $334,500.00. Following the transaction, the chief executive officer now directly owns 94,376 shares in the company, valued at approximately $2,104,584.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Actuant Corp. (NYSE:ATU) traded up 0.04% during trading on Monday, reaching $22.27. The company’s stock had a trading volume of 685,305 shares. The firm’s market cap is $1.31 billion. The stock’s 50 day moving average is $22.94 and its 200 day moving average is $24.44. Actuant Corp. has a one year low of $20.49 and a one year high of $27.71.
Actuant Corp. (NYSE:ATU) last announced its earnings results on Wednesday, September 28th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The company earned $275.77 million during the quarter. Actuant Corp. had a positive return on equity of 13.22% and a negative net margin of 9.15%. Actuant Corp.’s revenue was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 EPS. On average, equities analysts forecast that Actuant Corp. will post ($0.01) EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.72%. Actuant Corp.’s dividend payout ratio is presently -2.23%.
A number of research firms have weighed in on ATU. BMO Capital Markets set a $22.00 target price on shares of Actuant Corp. and gave the company a “hold” rating in a research report on Saturday, October 8th. Zacks Investment Research downgraded shares of Actuant Corp. from a “hold” rating to a “sell” rating in a research report on Friday, September 2nd. Royal Bank Of Canada reduced their price objective on shares of Actuant Corp. from $30.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, June 23rd. JPMorgan Chase & Co. downgraded shares of Actuant Corp. from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $25.00 to $20.00 in a research report on Wednesday, June 22nd. Finally, TheStreet downgraded shares of Actuant Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $23.67.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Actuant Corp. by 142.8% in the first quarter. BlackRock Inc. now owns 4,666 shares of the company’s stock worth $115,000 after buying an additional 2,744 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of Actuant Corp. during the second quarter worth approximately $122,000. PineBridge Investments L.P. increased its position in shares of Actuant Corp. by 3.7% in the second quarter. PineBridge Investments L.P. now owns 7,467 shares of the company’s stock worth $168,000 after buying an additional 269 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Actuant Corp. by 18.4% in the second quarter. Teacher Retirement System of Texas now owns 8,243 shares of the company’s stock worth $186,000 after buying an additional 1,283 shares in the last quarter. Finally, Raymond James Trust N.A. acquired a new position in shares of Actuant Corp. during the third quarter worth approximately $204,000.
Actuant Corp. 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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