Actuant Corp. (NYSE:ATU) was upgraded by stock analysts at TheStreet from a “sell” rating to a “hold” rating in a research report issued on Friday.

ATU has been the topic of a number of other research reports. Wells Fargo & Co. cut shares of Actuant Corp. from an “outperform” rating to a “market perform” rating in a research report on Friday, October 7th. Zacks Investment Research upgraded shares of Actuant Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Robert W. Baird raised shares of Actuant Corp. from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $25.00 to $30.00 in a report on Monday, November 14th. BMO Capital Markets reissued a “hold” rating and issued a $22.00 price target on shares of Actuant Corp. in a report on Monday, November 21st. Finally, 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 report on Monday, October 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $24.22.

Analyst Recommendations for Actuant Corp. (NYSE:ATU)

Shares of Actuant Corp. (NYSE:ATU) opened at 26.15 on Friday. The company has a 50 day moving average of $23.67 and a 200-day moving average of $24.07. Actuant Corp. has a 12-month low of $20.49 and a 12-month high of $27.71. The firm’s market cap is $1.54 billion.

Actuant Corp. (NYSE:ATU) last issued its earnings results on Wednesday, September 28th. The company reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. The company 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%. Actuant Corp.’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 EPS. Analysts predict that Actuant Corp. will post ($0.01) EPS for the current year.

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In related news, CEO Randal W. Baker bought 15,000 shares of the business’s stock in a transaction dated Thursday, October 13th. The shares were purchased at an average price of $22.30 per share, with a total value of $334,500.00. Following the purchase, the chief executive officer now owns 94,376 shares of the company’s stock, valued at approximately $2,104,584.80. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 purchase, the chief executive officer now directly owns 79,376 shares in the company, valued at approximately $1,789,928.80. The disclosure for this purchase can be found here. Insiders own 3.90% of the company’s stock.

Several large investors have recently made changes to their positions in ATU. American Capital Management Inc. raised its stake in shares of Actuant Corp. by 5.5% in the second quarter. American Capital Management Inc. now owns 37,112 shares of the company’s stock worth $839,000 after buying an additional 1,928 shares during the last quarter. Swiss National Bank raised its stake in shares of Actuant Corp. by 3.7% in the second quarter. Swiss National Bank now owns 99,300 shares of the company’s stock worth $2,245,000 after buying an additional 3,500 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Actuant Corp. by 61.9% in the second quarter. Frontier Capital Management Co. LLC now owns 1,121,899 shares of the company’s stock worth $25,366,000 after buying an additional 429,027 shares during the last quarter. Aberdeen Asset Management PLC UK raised its stake in shares of Actuant Corp. by 38.1% in the second quarter. Aberdeen Asset Management PLC UK now owns 840,962 shares of the company’s stock worth $19,014,000 after buying an additional 231,906 shares during the last quarter. Finally, First Midwest Bank Trust Division bought a new stake in shares of Actuant Corp. during the second quarter worth $241,000.

Actuant Corp. Company Profile

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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