Actuant Corp. (NYSE:ATU) was upgraded by equities research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report released on Monday. The firm presently has a $30.00 price objective on the stock, up from their previous price objective of $25.00. Robert W. Baird’s price objective suggests a potential upside of 13.64% from the company’s current price.

Several other analysts have also commented on the stock. Wells Fargo & Co. lowered shares of Actuant Corp. from an “outperform” rating to a “market perform” rating in a research report on Friday, October 7th. Barclays PLC lowered shares of Actuant Corp. from an “equal weight” rating to an “underweight” rating and set a $19.00 price target on the stock. in a research report on Monday, October 24th. Zacks Investment Research upgraded shares of Actuant Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. TheStreet lowered shares of Actuant Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Finally, BMO Capital Markets set a $22.00 price target on shares of Actuant Corp. and gave the company a “hold” rating in a research report on Saturday, October 8th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Actuant Corp. currently has an average rating of “Hold” and a consensus price target of $24.22.

Analyst Recommendations for Actuant Corp. (NYSE:ATU)

Actuant Corp. (NYSE:ATU) opened at 26.40 on Monday. The firm has a 50 day moving average of $22.96 and a 200-day moving average of $24.07. Actuant Corp. has a 52 week low of $20.49 and a 52 week high of $27.71. The stock’s market capitalization is $1.56 billion.

Actuant Corp. (NYSE:ATU) last released its quarterly earnings data on Wednesday, September 28th. The company reported $0.30 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.30. The firm had revenue of $275.77 million for the quarter. Actuant Corp. had a negative net margin of 9.15% and a positive return on equity of 13.22%. The firm’s revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 EPS. On average, equities analysts predict that Actuant Corp. will post ($0.01) EPS for the current year.

In other Actuant Corp. news, CEO Randal W. Baker purchased 15,000 shares of the firm’s stock in a transaction dated Thursday, October 13th. The shares were purchased at an average cost of $22.30 per share, with a total value of $334,500.00. Following the completion of the purchase, the chief executive officer now owns 94,376 shares in the company, valued at approximately $2,104,584.80. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Randal W. Baker purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 11th. The stock was acquired at an average cost of $22.55 per share, for a total transaction of $225,500.00. Following the completion of the purchase, the chief executive officer now owns 79,376 shares of the company’s stock, valued at approximately $1,789,928.80. The disclosure for this purchase can be found here. 3.90% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of ATU. Fuller & Thaler Asset Management Inc. increased its position in Actuant Corp. by 20.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 4,876,283 shares of the company’s stock valued at $110,253,000 after buying an additional 811,365 shares in the last quarter. Vanguard Group Inc. increased its position in Actuant Corp. by 6.6% in the second quarter. Vanguard Group Inc. now owns 4,445,392 shares of the company’s stock valued at $100,510,000 after buying an additional 273,973 shares in the last quarter. BlackRock Fund Advisors increased its position in Actuant Corp. by 8.0% in the third quarter. BlackRock Fund Advisors now owns 4,205,310 shares of the company’s stock valued at $97,731,000 after buying an additional 312,272 shares in the last quarter. Pzena Investment Management LLC increased its position in Actuant Corp. by 6.4% in the third quarter. Pzena Investment Management LLC now owns 2,947,227 shares of the company’s stock valued at $68,494,000 after buying an additional 177,721 shares in the last quarter. Finally, Clarkston Capital Partners LLC increased its position in Actuant Corp. by 9.0% in the third quarter. Clarkston Capital Partners LLC now owns 2,154,175 shares of the company’s stock valued at $50,063,000 after buying an additional 177,875 shares in the last quarter.

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.

5 Day Chart for NYSE:ATU

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