Actuant Corporation (NYSE:ATU) had its price target raised by stock analysts at BMO Capital Markets from $22.00 to $23.00 in a report issued on Friday. The brokerage currently has a “market perform” rating on the industrial products company’s stock.

Other equities analysts also recently issued research reports about the stock. Gabelli raised shares of Actuant Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Wolfe Research assumed coverage on shares of Actuant Corporation in a report on Tuesday, July 11th. They set a “market perform” rating for the company. Zacks Investment Research downgraded shares of Actuant Corporation from a “hold” rating to a “sell” rating in a report on Monday, June 12th. Barclays PLC raised shares of Actuant Corporation from an “underweight” rating to an “equal weight” rating and set a $20.00 price target for the company in a report on Thursday, June 22nd. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $28.00 price target on shares of Actuant Corporation in a report on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. Actuant Corporation has an average rating of “Hold” and an average target price of $26.78.

Shares of Actuant Corporation (NYSE:ATU) traded down 1.29% during mid-day trading on Friday, reaching $23.00. 376,685 shares of the company were exchanged. Actuant Corporation has a 12 month low of $20.54 and a 12 month high of $29.80. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 27.38 and a beta of 1.61. The company’s 50-day moving average is $24.10 and its 200 day moving average is $25.65.

Actuant Corporation (NYSE:ATU) last released its earnings results on Wednesday, June 21st. The industrial products company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. Actuant Corporation had a net margin of 4.56% and a return on equity of 10.58%. The firm had revenue of $295.40 million during the quarter, compared to analyst estimates of $294 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. Analysts predict that Actuant Corporation will post $0.01 EPS for the current year.

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A number of large investors have recently modified their holdings of the company. Teachers Advisors LLC boosted its stake in shares of Actuant Corporation by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 95,406 shares of the industrial products company’s stock valued at $2,476,000 after buying an additional 2,094 shares during the period. Bank of Montreal Can boosted its stake in shares of Actuant Corporation by 16.0% in the first quarter. Bank of Montreal Can now owns 5,035 shares of the industrial products company’s stock valued at $132,000 after buying an additional 695 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Actuant Corporation by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 24,100 shares of the industrial products company’s stock valued at $635,000 after buying an additional 400 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Actuant Corporation by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 6,530 shares of the industrial products company’s stock valued at $172,000 after buying an additional 150 shares during the period. Finally, First Manhattan Co. boosted its stake in shares of Actuant Corporation 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 period.

About Actuant Corporation

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.

Analyst Recommendations for Actuant Corporation (NYSE:ATU)

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