Actuant Corp. (NYSE:ATU) – Stock analysts at KeyCorp issued their Q1 2017 earnings per share (EPS) estimates for Actuant Corp. in a research report issued to clients and investors on Wednesday. KeyCorp analyst J. Hammond expects that the brokerage will post earnings per share of $0.17 for the quarter. KeyCorp also issued estimates for Actuant Corp.’s FY2018 earnings at $1.25 EPS.
Several other analysts also recently commented on ATU. BMO Capital Markets reaffirmed a “hold” rating on shares of Actuant Corp. in a report on Saturday. Zacks Investment Research downgraded shares of Actuant Corp. from a “hold” rating to a “sell” rating in a report on Friday, September 2nd. Royal Bank Of Canada cut their price objective 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 objective for the company from $25.00 to $20.00 in a report on Wednesday, June 22nd. Finally, TheStreet downgraded shares of Actuant Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $23.78.
Shares of Actuant Corp. (NYSE:ATU) opened at 23.24 on Monday. Actuant Corp. has a 1-year low of $19.07 and a 1-year high of $27.71. The company’s market capitalization is $1.37 billion. The stock’s 50 day moving average is $23.27 and its 200 day moving average is $24.52.
Actuant Corp. (NYSE:ATU) last released its quarterly earnings results on Wednesday, September 28th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Actuant Corp. had a negative net margin of 9.15% and a positive return on equity of 13.22%. The business had revenue of $275.77 million for the quarter. During the same period last year, the company earned $0.37 earnings per share. Actuant Corp.’s revenue for the quarter was down 8.0% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Wednesday, September 28th. Actuant Corp.’s dividend payout ratio is -2.23%.
In related news, CEO Randal W. Baker acquired 10,795 shares of the stock in a transaction that occurred on Monday, July 11th. The stock was acquired 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 directly owns 63,979 shares in the company, valued at $1,480,474.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.90% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. First Republic Investment Management Inc. bought a new position in Actuant Corp. during the first quarter worth about $546,000. Invictus RG boosted its position in Actuant Corp. by 45.1% in the first quarter. Invictus RG now owns 18,844 shares of the company’s stock worth $466,000 after buying an additional 5,855 shares in the last quarter. HBK Investments L P bought a new position in Actuant Corp. during the first quarter worth about $1,279,000. State Street Corp boosted its position in Actuant Corp. by 0.6% in the first quarter. State Street Corp now owns 1,156,962 shares of the company’s stock worth $28,585,000 after buying an additional 7,393 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in Actuant Corp. by 2.0% in the first quarter. Massmutual Trust Co. FSB ADV now owns 18,280 shares of the company’s stock worth $452,000 after buying an additional 355 shares in the last quarter.
About Actuant Corp.
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.
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