ValuEngine upgraded shares of Acme United Co. (NYSEMKT:ACU) from a hold rating to a buy rating in a report released on Monday morning.

Shares of Acme United (NYSEMKT ACU) opened at 24.11 on Monday. The firm has a 50-day moving average of $24.96 and a 200 day moving average of $26.92. Acme United has a 52 week low of $19.49 and a 52 week high of $29.49. The firm has a market cap of $81.27 million, a PE ratio of 15.97 and a beta of 0.53.

Acme United (NYSEMKT:ACU) last released its quarterly earnings data on Tuesday, July 25th. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.25). The business had revenue of $38.85 million for the quarter, compared to analysts’ expectations of $45.20 million. Acme United had a net margin of 7.33% and a return on equity of 23.79%. Equities research analysts predict that Acme United will post $1.75 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.82%. The ex-dividend date is Monday, October 2nd. Acme United’s dividend payout ratio (DPR) is presently 26.32%.

In other news, CEO Walter C. Johnsen sold 2,108 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $27.12, for a total value of $57,168.96. Following the sale, the chief executive officer now directly owns 307,610 shares of the company’s stock, valued at $8,342,383.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Walter C. Johnsen sold 2,104 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $27.12, for a total transaction of $57,060.48. Following the completion of the sale, the chief executive officer now directly owns 307,610 shares in the company, valued at $8,342,383.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,662 shares of company stock worth $126,640.

Several institutional investors have recently made changes to their positions in the company. ZPR Investment Management lifted its holdings in shares of Acme United by 0.4% in the second quarter. ZPR Investment Management now owns 13,581 shares of the company’s stock worth $388,000 after buying an additional 54 shares in the last quarter. Cubic Asset Management LLC lifted its holdings in shares of Acme United by 15.4% in the second quarter. Cubic Asset Management LLC now owns 17,950 shares of the company’s stock worth $513,000 after buying an additional 2,400 shares in the last quarter. Spark Investment Management LLC lifted its holdings in shares of Acme United by 58.0% in the second quarter. Spark Investment Management LLC now owns 11,481 shares of the company’s stock worth $328,000 after buying an additional 4,214 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new stake in shares of Acme United in the second quarter worth about $144,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Acme United by 5.2% in the first quarter. Dimensional Fund Advisors LP now owns 115,056 shares of the company’s stock worth $3,233,000 after buying an additional 5,703 shares in the last quarter.

About Acme United

Acme United Corporation is a supplier of cutting, measuring, first aid and sharpening products to the school, home, office, hardware, sporting goods and industrial markets. The Company operates in three segments: United States (including Asian operations), Canada and Europe. Its operations in the United States, Canada and Europe are involved in product development, marketing, sales, administrative and distribution activities.

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