Actuant Corporation (NYSE:ATU) VP Ted Wozniak sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $26.19, for a total transaction of $130,950.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Actuant Corporation (NYSE ATU) traded down 0.19% during mid-day trading on Thursday, hitting $26.15. 423,544 shares of the stock were exchanged. Actuant Corporation has a 52-week low of $21.40 and a 52-week high of $29.80. The firm’s market cap is $1.56 billion. The company has a 50 day moving average price of $25.28 and a 200 day moving average price of $25.13.

Actuant Corporation (NYSE:ATU) last released its quarterly earnings results on Wednesday, September 27th. The industrial products company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). Actuant Corporation had a negative net margin of 6.04% and a positive return on equity of 9.43%. The business had revenue of $275.70 million during the quarter, compared to analysts’ expectations of $265.33 million. During the same quarter last year, the company earned $0.30 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts anticipate that Actuant Corporation will post $0.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.04 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 annualized dividend and a yield of 0.61%. Actuant Corporation’s dividend payout ratio (DPR) is -3.57%.

COPYRIGHT VIOLATION NOTICE: This story was first reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/10/12/insider-selling-actuant-corporation-atu-vp-sells-5000-shares-of-stock.html.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in Actuant Corporation by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 701,539 shares of the industrial products company’s stock valued at $17,258,000 after purchasing an additional 14,152 shares during the last quarter. OppenheimerFunds Inc. raised its position in Actuant Corporation by 16.9% in the 1st quarter. OppenheimerFunds Inc. now owns 30,002 shares of the industrial products company’s stock valued at $791,000 after purchasing an additional 4,338 shares during the last quarter. Ameriprise Financial Inc. raised its position in Actuant Corporation by 5.1% in the 1st quarter. Ameriprise Financial Inc. now owns 312,140 shares of the industrial products company’s stock valued at $8,224,000 after purchasing an additional 15,097 shares during the last quarter. Vanguard Group Inc. raised its position in Actuant Corporation by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 5,127,270 shares of the industrial products company’s stock valued at $135,104,000 after purchasing an additional 299,479 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Actuant Corporation by 9.0% in the 2nd quarter. Legal & General Group Plc now owns 116,488 shares of the industrial products company’s stock valued at $2,864,000 after purchasing an additional 9,590 shares during the last quarter.

A number of equities research analysts recently commented on ATU shares. J P Morgan Chase & Co raised shares of Actuant Corporation from an “underweight” rating to a “neutral” rating and decreased their target price for the company from $23.00 to $21.00 in a research report on Wednesday, June 21st. Zacks Investment Research raised shares of Actuant Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Gabelli raised shares of Actuant Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Wolfe Research cut shares of Actuant Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, August 21st. Finally, BidaskClub cut shares of Actuant Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.44.

Actuant Corporation 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.

Insider Buying and Selling by Quarter for Actuant Corporation (NYSE:ATU)

Receive News & Ratings for Actuant Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Actuant Corporation and related companies with MarketBeat.com's FREE daily email newsletter.