Cramer Rosenthal Mcglynn LLC reduced its position in Actuant Co. (NYSE:ATU) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,735,514 shares of the industrial products company’s stock after selling 105,346 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 2.89% of Actuant worth $43,909,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its stake in shares of Actuant by 10.2% during the second quarter. Public Employees Retirement System of Ohio now owns 7,830 shares of the industrial products company’s stock worth $193,000 after purchasing an additional 726 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Actuant by 147.3% during the third quarter. First Trust Advisors LP now owns 29,030 shares of the industrial products company’s stock worth $743,000 after purchasing an additional 17,290 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Actuant during the third quarter worth approximately $270,000. BNP Paribas Arbitrage SA raised its stake in shares of Actuant by 41.8% during the third quarter. BNP Paribas Arbitrage SA now owns 32,896 shares of the industrial products company’s stock worth $842,000 after purchasing an additional 9,703 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of Actuant by 48.6% during the third quarter. Municipal Employees Retirement System of Michigan now owns 25,360 shares of the industrial products company’s stock worth $649,000 after purchasing an additional 8,290 shares during the last quarter.
Several equities research analysts have recently commented on the company. KeyCorp restated a “buy” rating and set a $29.00 price target on shares of Actuant in a research note on Sunday, November 19th. Zacks Investment Research upgraded Actuant from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Wednesday, December 20th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $25.11.
Actuant (NYSE:ATU) last released its quarterly earnings data on Wednesday, December 20th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The firm had revenue of $289.00 million during the quarter, compared to analysts’ expectations of $269.22 million. Actuant had a positive return on equity of 9.29% and a negative net margin of 5.89%. Actuant’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 earnings per share. equities analysts expect that Actuant Co. will post 1.07 EPS for the current fiscal year.
In other Actuant news, VP Ted Wozniak sold 6,000 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $25.66, for a total value of $153,960.00. Following the completion of the transaction, the vice president now owns 70,705 shares in the company, valued at $1,814,290.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.
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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