Actuant Corporation (ATU) Position Held by IHT Wealth Management LLC
IHT Wealth Management LLC maintained its stake in shares of Actuant Corporation (NYSE:ATU) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50 shares of the industrial products company’s stock at the end of the second quarter. IHT Wealth Management LLC’s holdings in Actuant Corporation were worth $196,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacad Investment Ltd. boosted its stake in Actuant Corporation by 30.3% in 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 during the period. Ameritas Investment Partners Inc. bought a new position in Actuant Corporation in the 1st quarter worth about $134,000. US Bancorp DE boosted its stake in Actuant Corporation by 3.2% in 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 during the period. Public Employees Retirement System of Ohio boosted its stake in Actuant Corporation by 6.3% in 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 during the period. Finally, Amalgamated Bank boosted its stake in Actuant Corporation by 4.0% in the 2nd quarter. Amalgamated Bank now owns 8,183 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 314 shares during the period.
Several research analysts have commented on ATU shares. J P Morgan Chase & Co upgraded Actuant Corporation from an “underweight” rating to a “neutral” rating and cut their target price for the stock from $23.00 to $21.00 in a research note on Wednesday, June 21st. Zacks Investment Research upgraded Actuant Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Gabelli upgraded Actuant Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Wolfe Research downgraded Actuant Corporation from a “market perform” rating to an “underperform” rating in a research note on Monday, August 21st. Finally, BidaskClub downgraded Actuant Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.44.
Actuant Corporation (NYSE ATU) traded up 0.670% during mid-day trading on Wednesday, hitting $26.275. The company’s stock had a trading volume of 109,790 shares. The stock has a market cap of $1.57 billion, a P/E ratio of 31.280 and a beta of 1.62. Actuant Corporation has a 52-week low of $21.40 and a 52-week high of $29.80. The company’s 50 day moving average is $25.19 and its 200-day moving average is $25.12.
Actuant Corporation (NYSE:ATU) last announced its quarterly earnings results on Wednesday, September 27th. The industrial products company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Actuant Corporation had a negative net margin of 6.04% and a positive return on equity of 9.43%. The firm had revenue of $275.70 million for the quarter, compared to the consensus estimate of $265.33 million. During the same period in the previous year, the company posted $0.30 earnings per share. Actuant Corporation’s quarterly revenue was up .0% on a year-over-year basis. On average, equities analysts predict that Actuant Corporation will post $0.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Thursday, September 28th. Actuant Corporation’s payout ratio is presently -3.57%.
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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