Actuant Corp. (NYSE:ATU) CEO Randal W. Baker bought 15,000 shares of the firm’s stock in a transaction on Thursday, October 13th. The shares were purchased at an average cost of $22.30 per share, with a total value of $334,500.00. Following the transaction, the chief executive officer now directly owns 94,376 shares in the company, valued at approximately $2,104,584.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Actuant Corp. (NYSE:ATU) traded up 0.04% during trading on Monday, reaching $22.27. The company’s stock had a trading volume of 685,305 shares. The firm’s market cap is $1.31 billion. The stock’s 50 day moving average is $22.94 and its 200 day moving average is $24.44. Actuant Corp. has a one year low of $20.49 and a one year high of $27.71.
Actuant Corp. (NYSE:ATU) last announced its earnings results on Wednesday, September 28th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The company earned $275.77 million during the quarter. Actuant Corp. had a positive return on equity of 13.22% and a negative net margin of 9.15%. Actuant Corp.’s revenue was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 EPS. On average, equities analysts forecast that Actuant Corp. will post ($0.01) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.72%. Actuant Corp.’s dividend payout ratio is presently -2.23%.
A number of research firms have weighed in on ATU. BMO Capital Markets set a $22.00 target price on shares of Actuant Corp. and gave the company a “hold” rating in a research report on Saturday, October 8th. Zacks Investment Research downgraded shares of Actuant Corp. from a “hold” rating to a “sell” rating in a research report on Friday, September 2nd. Royal Bank Of Canada reduced their price objective on shares of Actuant Corp. from $30.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, June 23rd. JPMorgan Chase & Co. downgraded shares of Actuant Corp. from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $25.00 to $20.00 in a research report on Wednesday, June 22nd. Finally, TheStreet downgraded shares of Actuant Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $23.67.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Actuant Corp. by 142.8% in the first quarter. BlackRock Inc. now owns 4,666 shares of the company’s stock worth $115,000 after buying an additional 2,744 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of Actuant Corp. during the second quarter worth approximately $122,000. PineBridge Investments L.P. increased its position in shares of Actuant Corp. by 3.7% in the second quarter. PineBridge Investments L.P. now owns 7,467 shares of the company’s stock worth $168,000 after buying an additional 269 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Actuant Corp. by 18.4% in the second quarter. Teacher Retirement System of Texas now owns 8,243 shares of the company’s stock worth $186,000 after buying an additional 1,283 shares in the last quarter. Finally, Raymond James Trust N.A. acquired a new position in shares of Actuant Corp. during the third quarter worth approximately $204,000.
Actuant Corp. Company Profile