Actuant Co. (NYSE:ATU) has been assigned an average rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $28.42.
A number of research firms have recently issued reports on ATU. ValuEngine upgraded Actuant from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. JPMorgan Chase & Co. lowered Actuant from a “neutral” rating to an “underweight” rating and set a $25.00 target price for the company. in a research note on Thursday, June 21st. They noted that the move was a valuation call. KeyCorp increased their target price on Actuant from $27.00 to $32.50 and gave the company an “overweight” rating in a research note on Thursday, June 21st. Robert W. Baird increased their target price on Actuant from $25.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, June 21st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $27.00 target price (up previously from $24.00) on shares of Actuant in a research note on Thursday, June 21st.
Several hedge funds have recently bought and sold shares of the company. Northern Trust Corp grew its stake in shares of Actuant by 3.9% in the second quarter. Northern Trust Corp now owns 789,188 shares of the industrial products company’s stock valued at $23,163,000 after buying an additional 29,683 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Actuant in the second quarter valued at about $314,000. California Public Employees Retirement System grew its stake in shares of Actuant by 9.3% in the second quarter. California Public Employees Retirement System now owns 183,815 shares of the industrial products company’s stock valued at $5,395,000 after buying an additional 15,652 shares in the last quarter. Millennium Management LLC acquired a new stake in Actuant during the 2nd quarter valued at approximately $1,156,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Actuant during the 2nd quarter valued at approximately $138,000.
Shares of NYSE:ATU opened at $24.72 on Wednesday. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 1.70 and a beta of 1.46. The company has a quick ratio of 1.52, a current ratio of 2.00 and a debt-to-equity ratio of 0.90. Actuant has a 12 month low of $21.50 and a 12 month high of $31.00.
Actuant (NYSE:ATU) last announced its quarterly earnings results on Wednesday, September 26th. The industrial products company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The company had revenue of $301.40 million during the quarter, compared to analyst estimates of $290.68 million. Actuant had a positive return on equity of 11.78% and a negative net margin of 1.83%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 earnings per share. Research analysts predict that Actuant will post 1.17 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.65%. Actuant’s dividend payout ratio (DPR) is currently 3.67%.
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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