Actuant Corporation (ATU) PT Raised to $27.00
Actuant Corporation (NYSE:ATU) had its price objective upped by Robert W. Baird from $26.00 to $27.00 in a research note issued on Thursday. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s target price points to a potential upside of 0.56% from the company’s previous close.
ATU has been the topic of several other research reports. Gabelli upgraded Actuant Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Wolfe Research lowered Actuant Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, August 21st. Zacks Investment Research lowered Actuant Corporation from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. KeyCorp restated a “buy” rating and set a $29.00 price objective (up previously from $28.00) on shares of Actuant Corporation in a research report on Monday, September 18th. Finally, Barclays PLC upgraded Actuant Corporation from an “underweight” rating to an “equal weight” rating and set a $20.00 price objective on the stock in a research report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $26.11.
Actuant Corporation (NYSE:ATU) traded up 1.36% during trading on Thursday, hitting $25.40. 175,117 shares of the stock were exchanged. The stock has a market cap of $1.52 billion, a P/E ratio of 30.24 and a beta of 1.61. The stock’s 50 day moving average price is $24.07 and its 200 day moving average price is $25.26. Actuant Corporation has a 12 month low of $20.54 and a 12 month high of $29.80.
Actuant Corporation (NYSE:ATU) last announced its quarterly earnings data on Wednesday, September 27th. The industrial products company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The company had revenue of $275.70 million during the quarter, compared to analyst estimates of $265.33 million. Actuant Corporation had a net margin of 4.56% and a return on equity of 10.58%. Actuant Corporation’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share. Analysts forecast that Actuant Corporation will post $0.01 EPS for the current fiscal year.
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Hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can increased its holdings in Actuant Corporation by 16.0% during the 1st quarter. Bank of Montreal Can now owns 5,035 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 695 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Actuant Corporation during the 1st quarter worth approximately $134,000. Pacad Investment Ltd. increased its holdings in Actuant Corporation by 30.3% during the 2nd quarter. Pacad Investment Ltd. now owns 5,080 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 1,180 shares in the last quarter. US Bancorp DE increased its holdings in Actuant Corporation by 3.2% during the 2nd quarter. US Bancorp DE now owns 6,173 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 190 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Actuant Corporation by 6.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 7,104 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 420 shares in the last quarter.
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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