Actuant Corp. (NYSE:ATU) – Stock analysts at KeyCorp issued their Q2 2017 earnings per share (EPS) estimates for shares of Actuant Corp. in a research note issued to investors on Wednesday. KeyCorp analyst J. Hammond anticipates that the brokerage will earn $0.16 per share for the quarter. KeyCorp also issued estimates for Actuant Corp.’s Q3 2017 earnings at $0.38 EPS, Q4 2017 earnings at $0.33 EPS and FY2017 earnings at $1.05 EPS.
A number of other analysts also recently issued reports on ATU. Zacks Investment Research downgraded shares of Actuant Corp. from a “hold” rating to a “sell” rating in a report on Friday, September 2nd. TheStreet downgraded shares of Actuant Corp. from a “hold” rating to a “sell” rating in a report on Wednesday. Royal Bank Of Canada cut their price target on shares of Actuant Corp. from $30.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, June 23rd. JPMorgan Chase & Co. downgraded shares of Actuant Corp. from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $25.00 to $20.00 in a report on Wednesday, June 22nd. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $20.00 price target on shares of Actuant Corp. in a report on Tuesday, July 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.78.
Shares of Actuant Corp. (NYSE:ATU) traded up 4.08% during mid-day trading on Friday, hitting $23.24. 995,679 shares of the company were exchanged. Actuant Corp. has a 12-month low of $19.07 and a 12-month high of $27.71. The firm’s market capitalization is $1.37 billion. The company’s 50-day moving average price is $23.27 and its 200-day moving average price is $24.52.
Actuant Corp. (NYSE:ATU) last issued its quarterly earnings results on Wednesday, September 28th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The business earned $275.77 million during the quarter. Actuant Corp. had a negative net margin of 9.15% and a positive return on equity of 13.22%. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.69%. The ex-dividend date is Wednesday, September 28th. Actuant Corp.’s dividend payout ratio (DPR) is currently -2.23%.
In other Actuant Corp. news, CEO Randal W. Baker purchased 10,795 shares of the firm’s stock in a transaction on Monday, July 11th. The stock was purchased at an average cost of $23.14 per share, for a total transaction of $249,796.30. Following the transaction, the chief executive officer now owns 63,979 shares in the company, valued at approximately $1,480,474.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.90% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted 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 valued at $115,000 after buying an additional 2,744 shares during the period. Contravisory Investment Management Inc. acquired a new position in shares of Actuant Corp. during the second quarter valued at about $122,000. PineBridge Investments L.P. boosted 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 valued at $168,000 after buying an additional 269 shares during the period. Teacher Retirement System of Texas boosted 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 valued at $186,000 after buying an additional 1,283 shares during the period. Finally, Connable Office Inc. boosted its position in shares of Actuant Corp. by 0.8% in the first quarter. Connable Office Inc. now owns 8,575 shares of the company’s stock valued at $212,000 after buying an additional 70 shares during the period.
Actuant Corp. Company Profile
Actuant Corporation is a global diversified company that designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company is organized into three operating segments: Industrial, Energy and Engineered Solutions. The Industrial segment is involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets.
Receive News & Ratings for Actuant Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Actuant Corp. and related companies with MarketBeat.com's FREE daily email newsletter.