Shares of Actuant Co. (NYSE:ATU) have received a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $28.42.
Several equities analysts have weighed in on the company. BMO Capital Markets reduced their price objective on Actuant from $27.00 to $26.00 and set a “market perform” rating for the company in a report on Thursday, September 27th. Zacks Investment Research lowered Actuant from a “hold” rating to a “sell” rating in a report on Friday, September 28th. ValuEngine raised Actuant from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Robert W. Baird increased their price objective on Actuant from $25.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, June 21st. Finally, SunTrust Banks increased their price objective on Actuant to $27.00 and gave the company a “hold” rating in a report on Thursday, June 21st.
Several institutional investors have recently bought and sold shares of ATU. Point72 Hong Kong Ltd purchased a new stake in shares of Actuant in the second quarter worth $113,000. Tower Research Capital LLC TRC purchased a new stake in shares of Actuant in the second quarter worth $138,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Actuant in the second quarter worth $188,000. Laurion Capital Management LP purchased a new stake in shares of Actuant in the second quarter worth $202,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Actuant in the second quarter worth $239,000.
NYSE ATU traded up $0.04 on Wednesday, hitting $24.76. 10,599 shares of the stock traded hands, compared to its average volume of 467,632. Actuant has a 12 month low of $21.50 and a 12 month high of $31.00. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 1.70 and a beta of 1.46. The company has a current ratio of 2.00, a quick ratio of 1.52 and a debt-to-equity ratio of 0.90.
Actuant (NYSE:ATU) last announced its quarterly earnings data on Wednesday, September 26th. The industrial products company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. Actuant had a positive return on equity of 11.78% and a negative net margin of 1.83%. The business had revenue of $301.40 million during the quarter, compared to analyst estimates of $290.68 million. During the same period in the prior year, the company earned $0.19 earnings per share. Actuant’s revenue was up 9.3% compared to the same quarter last year. Analysts forecast that Actuant will post 1.17 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, September 27th. Actuant’s payout ratio is currently 3.67%.
Actuant Company Profile
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.
Further Reading: Understanding Analyst Recommendations
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