Actuant Corporation (NYSE:ATU) Shares Bought by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio increased its stake in shares of Actuant Corporation (NYSE:ATU) by 6.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,104 shares of the industrial products company’s stock after buying an additional 420 shares during the period. Public Employees Retirement System of Ohio’s holdings in Actuant Corporation were worth $187,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of ATU. Bank of Montreal Can raised its position 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 last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Actuant Corporation during the first quarter valued at $134,000. State of Alaska Department of Revenue raised its position 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 last quarter. Howe & Rusling Inc. bought a new position in shares of Actuant Corporation during the first quarter valued at $179,000. Finally, Quadrature Capital Ltd bought a new position in shares of Actuant Corporation during the fourth quarter valued at $238,000.
Actuant Corporation (NYSE:ATU) traded down 1.351% during trading on Thursday, hitting $23.725. 61,539 shares of the company traded hands. The stock has a 50 day moving average price of $24.22 and a 200 day moving average price of $25.83. Actuant Corporation has a 12-month low of $20.54 and a 12-month high of $29.80. The company has a market capitalization of $1.42 billion, a P/E ratio of 28.244 and a beta of 1.61.
Actuant Corporation (NYSE:ATU) last announced its quarterly earnings data on Wednesday, June 21st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. Actuant Corporation had a return on equity of 10.58% and a net margin of 4.56%. The business had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $294 million. During the same period in the previous year, the business posted $0.40 EPS. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities analysts anticipate that Actuant Corporation will post $0.02 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, September 28th. Actuant Corporation’s dividend payout ratio is currently 4.88%.
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Several equities analysts have recently weighed in on ATU shares. Gabelli raised shares of Actuant Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Barclays PLC raised shares of Actuant Corporation from an “underweight” rating to an “equal weight” rating and set a $20.00 price objective on the stock in a research report on Thursday, June 22nd. Stifel Nicolaus dropped their price objective on shares of Actuant Corporation from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Thursday, June 22nd. Royal Bank Of Canada reissued a “hold” rating and issued a $28.00 price objective on shares of Actuant Corporation in a research report on Tuesday, June 6th. Finally, Wolfe Research started coverage on shares of Actuant Corporation in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $27.00.
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.
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