Actuant Corp. (ATU) CEO Randal W. Baker Acquires 10,000 Shares
Actuant Corp. (NYSE:ATU) CEO Randal W. Baker bought 10,000 shares of the business’s stock in a transaction dated Tuesday, October 11th. The shares were bought at an average cost of $22.55 per share, for a total transaction of $225,500.00. Following the transaction, the chief executive officer now owns 79,376 shares in the company, valued at approximately $1,789,928.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Actuant Corp. (NYSE:ATU) opened at 21.68 on Friday. The company’s 50 day moving average price is $22.99 and its 200-day moving average price is $24.46. The stock’s market capitalization is $1.28 billion. Actuant Corp. has a 52 week low of $20.49 and a 52 week high of $27.71.
Actuant Corp. (NYSE:ATU) last announced its quarterly earnings data on Wednesday, September 28th. The company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. Actuant Corp. had a positive return on equity of 13.22% and a negative net margin of 9.15%. The firm had revenue of $275.77 million for the quarter. During the same quarter in the previous year, the business posted $0.37 EPS. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. Equities research analysts predict that Actuant Corp. will post ($0.01) EPS for the current year.
The firm also recently announced 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. The ex-dividend date is Wednesday, September 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.74%. Actuant Corp.’s dividend payout ratio is currently -2.23%.
A number of large investors have recently bought and sold shares of ATU. State Street Corp increased its stake 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. BlackRock Institutional Trust Company N.A. increased its stake in Actuant Corp. by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,439,031 shares of the company’s stock worth $35,558,000 after buying an additional 21,636 shares in the last quarter. HBK Investments L P acquired a new stake in Actuant Corp. during the first quarter worth approximately $1,279,000. Prudential Financial Inc. increased its stake in Actuant Corp. by 1.8% in the first quarter. Prudential Financial Inc. now owns 140,932 shares of the company’s stock worth $3,482,000 after buying an additional 2,500 shares in the last quarter. Finally, BlackRock Group LTD increased its stake in Actuant Corp. by 1.1% in the first quarter. BlackRock Group LTD now owns 76,153 shares of the company’s stock worth $1,883,000 after buying an additional 820 shares in the last quarter.
Several equities analysts have commented on the company. BMO Capital Markets set a $22.00 price objective on Actuant Corp. and gave the company a “hold” rating in a research report on Saturday, October 8th. Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Actuant Corp. in a research report on Friday, June 24th. TheStreet downgraded Actuant Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. JPMorgan Chase & Co. downgraded 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 research report on Wednesday, June 22nd. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $20.00 price objective on shares of Actuant Corp. in a research report on Tuesday, July 12th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.67.
About Actuant Corp.
Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company operates through three segments: Industrial, Energy and Engineered Solutions. The Company’s 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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.