Vulcan Value Partners LLC cut its holdings in shares of Actuant Co. (NYSE:ATU) by 51.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 381,441 shares of the industrial products company’s stock after selling 404,241 shares during the quarter. Vulcan Value Partners LLC’s holdings in Actuant were worth $11,195,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. lifted its position in Actuant by 9.6% during the 2nd quarter. BlackRock Inc. now owns 8,446,063 shares of the industrial products company’s stock worth $247,893,000 after buying an additional 741,931 shares in the last quarter. Clarkston Capital Partners LLC increased its stake in shares of Actuant by 2.0% during the 2nd quarter. Clarkston Capital Partners LLC now owns 2,716,272 shares of the industrial products company’s stock worth $79,723,000 after purchasing an additional 52,840 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Actuant by 33.4% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,639,734 shares of the industrial products company’s stock worth $61,374,000 after purchasing an additional 660,434 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Actuant by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,373,321 shares of the industrial products company’s stock worth $69,657,000 after purchasing an additional 67,943 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Actuant during the 1st quarter worth about $25,729,000.

Several research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Actuant from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Robert W. Baird boosted their price objective on shares of Actuant from $25.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, June 21st. SunTrust Banks boosted their price objective on shares of Actuant to $27.00 and gave the stock a “hold” rating in a research note on Thursday, June 21st. KeyCorp boosted their price objective on shares of Actuant from $27.00 to $32.50 and gave the stock an “overweight” rating in a research note on Thursday, June 21st. Finally, TheStreet upgraded shares of Actuant from a “c-” rating to a “b-” rating in a research note on Wednesday, June 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $28.69.

Actuant stock opened at $29.65 on Friday. The stock has a market cap of $1.81 billion, a PE ratio of 35.72, a PEG ratio of 1.48 and a beta of 1.48. Actuant Co. has a fifty-two week low of $21.50 and a fifty-two week high of $30.05. The company has a current ratio of 2.08, a quick ratio of 1.53 and a debt-to-equity ratio of 0.85.

Actuant (NYSE:ATU) last announced its quarterly earnings results on Wednesday, June 20th. The industrial products company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.03. Actuant had a negative net margin of 7.15% and a positive return on equity of 9.86%. The business had revenue of $317.10 million for the quarter, compared to analyst estimates of $306.83 million. During the same quarter in the prior year, the business earned $0.32 EPS. Actuant’s quarterly revenue was up 7.3% on a year-over-year basis. research analysts expect that Actuant Co. will post 1.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be paid a $0.04 dividend. The ex-dividend date is Thursday, September 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.54%. Actuant’s dividend payout ratio (DPR) is currently 4.82%.

Actuant Company Profile

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates through three segments: Industrial, Energy, and Engineered Solutions. The 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 under the Enerpac, Larzep, Milwaukee Cylinder, Precision-Hayes, and Simplex brand names.

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Institutional Ownership by Quarter for Actuant (NYSE:ATU)

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