Shares of Actuant Corp. (NYSE:ATU) have been assigned a consensus rating of “Hold” from the thirteen analysts that are covering the company. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $23.13.

Several brokerages have recently commented on ATU. Royal Bank Of Canada reduced their target price on Actuant Corp. from $30.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, June 23rd. Zacks Investment Research lowered Actuant Corp. from a “hold” rating to a “sell” rating in a research report on Friday, September 2nd. Topeka Capital Markets assumed coverage on Actuant Corp. in a research report on Thursday, May 26th. They set a “hold” rating and a $26.00 price target on the stock. Wells Fargo & Co. reissued an “outperform” rating on shares of Actuant Corp. in a research report on Friday, June 24th. Finally, JPMorgan Chase & Co. lowered Actuant Corp. from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $25.00 to $20.00 in a research report on Wednesday, June 22nd.

Actuant Corp. (NYSE:ATU) traded up 1.04% during trading on Wednesday, reaching $22.35. The company had a trading volume of 257,397 shares. The stock has a 50 day moving average of $23.55 and a 200-day moving average of $24.60. The company’s market capitalization is $1.32 billion. Actuant Corp. has a 12 month low of $17.02 and a 12 month high of $27.71.

Actuant Corp. (NYSE:ATU) last announced its earnings results on Wednesday, June 22nd. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. Actuant Corp. had a positive return on equity of 13.05% and a negative net margin of 8.56%. The business earned $305.30 million during the quarter. During the same period in the prior year, the company earned $0.63 earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. Equities research analysts expect that Actuant Corp. will post ($0.01) EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.72%. The ex-dividend date is Wednesday, September 28th. Actuant Corp.’s payout ratio is currently -2.34%.

In other news, CEO Randal W. Baker bought 10,795 shares of the company’s stock in a transaction on Monday, July 11th. The shares were bought at an average cost of $23.14 per share, with a total value of $249,796.30. Following the transaction, the chief executive officer now directly owns 63,979 shares in the company, valued at approximately $1,480,474.06. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.90% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. raised its position in shares of Actuant Corp. by 20.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 4,876,283 shares of the company’s stock valued at $110,253,000 after buying an additional 811,365 shares during the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Actuant Corp. by 61.9% in the second quarter. Frontier Capital Management Co. LLC now owns 1,121,899 shares of the company’s stock worth $25,366,000 after buying an additional 429,027 shares in the last quarter. Penn Capital Management Co. Inc. bought a new position in shares of Actuant Corp. during the second quarter worth approximately $6,653,000. Vanguard Group Inc. raised its position in shares of Actuant Corp. by 6.6% in the second quarter. Vanguard Group Inc. now owns 4,445,392 shares of the company’s stock worth $100,510,000 after buying an additional 273,973 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Actuant Corp. by 301.8% in the second quarter. Alliancebernstein L.P. now owns 345,337 shares of the company’s stock worth $7,808,000 after buying an additional 259,393 shares in the last quarter.

About Actuant Corp.

Actuant Corporation is a global diversified company that designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company is organized into three operating segments: Industrial, Energy and Engineered Solutions. The Industrial segment is involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets.

5 Day Chart for NYSE:ATU

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