Acme United Co. (NYSE:ACU – Get Free Report) COO Brian Olschan sold 508 shares of the firm’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $69.16, for a total value of $35,133.28. Following the completion of the transaction, the chief operating officer owned 58,571 shares in the company, valued at $4,050,770.36. The trade was a 0.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Acme United Price Performance
NYSE ACU traded up $1.73 on Monday, hitting $68.99. 53,076 shares of the company’s stock were exchanged, compared to its average volume of 24,702. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. Acme United Co. has a 52 week low of $35.50 and a 52 week high of $69.83. The stock has a market cap of $262.85 million, a price-to-earnings ratio of 14.11 and a beta of 0.40. The stock has a 50-day moving average of $62.83 and a 200-day moving average of $50.33.
Acme United Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Friday, October 2nd were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $0.64 annualized dividend and a dividend yield of 0.9%. Acme United’s dividend payout ratio (DPR) is 23.53%.
Wall Street Analysts Forecast Growth
Separately, Freedom Broker increased their target price on Acme United from $58.00 to $70.00 and gave the company a “hold” rating in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Acme United presently has an average rating of “Buy” and a consensus target price of $70.00.
Check Out Our Latest Report on Acme United
Hedge Funds Weigh In On Acme United
Large investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Acme United in the second quarter worth $8,578,000. Renaissance Technologies LLC lifted its holdings in Acme United by 0.4% during the 1st quarter. Renaissance Technologies LLC now owns 116,558 shares of the company’s stock worth $5,235,000 after buying an additional 451 shares during the period. Bard Associates Inc. bought a new stake in shares of Acme United in the 2nd quarter valued at about $5,163,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Acme United in the 2nd quarter valued at about $1,627,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Acme United in the second quarter valued at about $1,509,000. Institutional investors own 62.10% of the company’s stock.
Acme United Company Profile
Acme United Corporation is a manufacturer and supplier of first aid and medical products, cutting instruments, measuring tools and school and office supplies. The company serves the consumer, industrial, medical, school and office markets through a portfolio of branded and private-label products.
Its product offerings include workplace first aid cabinets and kits, medical and emergency supplies, scissors, shears, knives, sharpeners, rulers and other measuring instruments. Acme United markets products under brands such as PhysiciansCare, First Aid Only, Pac-Kit, Westcott and Clauss.
Founded in 1867, Acme United is headquartered in Fairfield, Connecticut, and serves customers in the United States, Canada and Europe.
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