Capstone Asset Management Co. Sells 1,220 Shares of Actuant Corporation (ATU)
Capstone Asset Management Co. lowered its stake in Actuant Corporation (NYSE:ATU) by 10.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,272 shares of the industrial products company’s stock after selling 1,220 shares during the period. Capstone Asset Management Co.’s holdings in Actuant Corporation were worth $253,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the company. Bank of Montreal Can increased its stake in Actuant Corporation by 16.0% in the first quarter. Bank of Montreal Can now owns 5,035 shares of the industrial products company’s stock valued at $132,000 after buying an additional 695 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Actuant Corporation during the first quarter valued at approximately $134,000. State of Alaska Department of Revenue increased its stake in Actuant Corporation by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 6,530 shares of the industrial products company’s stock valued at $172,000 after buying an additional 150 shares in the last quarter. Howe & Rusling Inc. acquired a new stake in Actuant Corporation during the first quarter valued at approximately $179,000. Finally, Public Employees Retirement System of Ohio increased its stake in Actuant Corporation by 6.3% in the first quarter. Public Employees Retirement System of Ohio now owns 7,104 shares of the industrial products company’s stock valued at $187,000 after buying an additional 420 shares in the last quarter.
Actuant Corporation (ATU) traded down 0.43% during mid-day trading on Friday, hitting $23.20. 147,359 shares of the stock traded hands. The company has a 50-day moving average of $24.14 and a 200 day moving average of $25.68. Actuant Corporation has a 1-year low of $20.54 and a 1-year high of $29.80. The firm has a market capitalization of $1.38 billion, a P/E ratio of 27.62 and a beta of 1.61.
Actuant Corporation (NYSE:ATU) last announced its quarterly earnings results on Wednesday, June 21st. The industrial products company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $295.40 million during the quarter, compared to analyst estimates of $294 million. Actuant Corporation had a return on equity of 10.58% and a net margin of 4.56%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 earnings per share. On average, equities research analysts anticipate that Actuant Corporation will post $0.01 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.69%. Actuant Corporation’s payout ratio is presently 4.88%.
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Several research firms recently commented on ATU. Gabelli upgraded shares of Actuant Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Wolfe Research began coverage on shares of Actuant Corporation in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock. Zacks Investment Research downgraded shares of Actuant Corporation from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. Barclays PLC upgraded shares of Actuant Corporation from an “underweight” rating to an “equal weight” rating and set a $20.00 target price on the stock in a research report on Thursday, June 22nd. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $28.00 price target on shares of Actuant Corporation in a research report on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.78.
About Actuant Corporation
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.
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