Acme United (NYSE:ACU) COO Sells $89,972.16 in Stock

Acme United Co. (NYSE:ACU – Get Free Report) COO Brian Olschan sold 1,258 shares of Acme United stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $71.52, for a total transaction of $89,972.16. Following the completion of the sale, the chief operating officer owned 41,172 shares in the company, valued at $2,944,621.44. The trade was a 2.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Acme United Stock Down 0.7%

NYSE ACU opened at $68.38 on Friday. The business’s 50-day moving average is $63.57 and its 200 day moving average is $50.98. The stock has a market capitalization of $260.53 million, a PE ratio of 13.98 and a beta of 0.35. Acme United Co. has a 1 year low of $35.50 and a 1 year high of $72.21. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91.

Acme United Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Friday, October 2nd were given a $0.16 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.9%. Acme United’s dividend payout ratio is 23.53%.

Institutional Trading of Acme United

Hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Acme United during the second quarter worth $8,578,000. Renaissance Technologies LLC raised its holdings in shares of Acme United by 0.4% during the 1st quarter. Renaissance Technologies LLC now owns 116,558 shares of the company’s stock valued at $5,235,000 after buying an additional 451 shares during the period. Bard Associates Inc. acquired a new stake in Acme United in the second quarter worth about $5,163,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Acme United during the 2nd quarter valued at $1,627,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Acme United during the 2nd quarter worth approximately $1,509,000. Institutional investors own 62.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Freedom Broker upped their price objective on shares of Acme United from $58.00 to $70.00 and gave the company a “hold” rating in a report on Wednesday, October 28th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, Acme United currently has an average rating of “Hold” and an average target price of $70.00.

Read Our Latest Research Report on Acme United

Acme United Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Acme United (NYSE:ACU)

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