Brokerages predict that Actuant Co. (NYSE:ATU) will post sales of $296.74 million for the current quarter, Zacks reports. Three analysts have provided estimates for Actuant’s earnings, with the highest sales estimate coming in at $299.78 million and the lowest estimate coming in at $295.1 million. Actuant posted sales of $305.34 million during the same quarter last year, which suggests a negative year over year growth rate of 2.8%. The business is scheduled to issue its next quarterly earnings results on Wednesday, June 28th.

According to Zacks, analysts expect that Actuant will report full-year sales of $296.74 million for the current year, with estimates ranging from $1.09 billion to $1.11 billion. For the next year, analysts forecast that the firm will post sales of $1.14 billion per share, with estimates ranging from $1.13 billion to $1.16 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Actuant.

Actuant (NYSE:ATU) last announced its quarterly earnings data on Wednesday, March 22nd. The industrial products company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The firm had revenue of $258.90 million during the quarter, compared to the consensus estimate of $250.31 million. Actuant had a negative net margin of 10.42% and a positive return on equity of 12.92%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Actuant from a “buy” rating to a “hold” rating in a research note on Tuesday, February 21st. Robert W. Baird upgraded shares of Actuant from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 31st. BMO Capital Markets reiterated a “hold” rating and issued a $25.00 target price on shares of Actuant in a research note on Wednesday, March 22nd. Royal Bank of Canada reiterated a “hold” rating and issued a $28.00 target price on shares of Actuant in a research note on Thursday, March 23rd. Finally, KeyCorp upgraded shares of Actuant from a “sector weight” rating to an “overweight” rating and set a $32.00 target price for the company in a research note on Friday, March 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Actuant currently has an average rating of “Hold” and an average price target of $26.78.

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In related news, VP Ted Wozniak sold 1,000 shares of the stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $25.64, for a total value of $25,640.00. Following the completion of the transaction, the vice president now owns 82,496 shares of the company’s stock, valued at $2,115,197.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stephen Rennie sold 2,647 shares of the stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $25.20, for a total transaction of $66,704.40. Following the completion of the transaction, the vice president now directly owns 55,818 shares of the company’s stock, valued at approximately $1,406,613.60. The disclosure for this sale can be found here. Insiders sold 4,147 shares of company stock valued at $105,009 in the last three months. Company insiders own 4.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of ATU. BlackRock Inc. raised its position in Actuant by 24,997.9% in the first quarter. BlackRock Inc. now owns 7,785,372 shares of the industrial products company’s stock valued at $205,145,000 after buying an additional 7,754,352 shares during the period. Vanguard Group Inc. raised its stake in Actuant by 6.2% in the first quarter. Vanguard Group Inc. now owns 5,127,270 shares of the industrial products company’s stock valued at $135,104,000 after buying an additional 299,479 shares during the last quarter. Pzena Investment Management LLC raised its stake in Actuant by 9.6% in the first quarter. Pzena Investment Management LLC now owns 3,300,324 shares of the industrial products company’s stock valued at $86,964,000 after buying an additional 288,455 shares during the last quarter. First Manhattan Co. raised its stake in Actuant by 59.3% in the first quarter. First Manhattan Co. now owns 2,452,962 shares of the industrial products company’s stock valued at $57,007,000 after buying an additional 913,250 shares during the last quarter. Finally, Champlain Investment Partners LLC raised its stake in Actuant by 3.4% in the first quarter. Champlain Investment Partners LLC now owns 1,861,665 shares of the industrial products company’s stock valued at $49,055,000 after buying an additional 62,085 shares during the last quarter.

Shares of Actuant (NYSE:ATU) traded down 2.11% during mid-day trading on Wednesday, reaching $25.50. The company had a trading volume of 33,162 shares. Actuant has a 52-week low of $20.54 and a 52-week high of $29.80. The company has a market capitalization of $1.52 billion, a PE ratio of 31.10 and a beta of 1.57. The company’s 50-day moving average price is $26.17 and its 200-day moving average price is $26.49.

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.

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