Actuant Corp. (NYSE:ATU) – Analysts at KeyCorp issued their Q1 2017 earnings per share estimates for shares of Actuant Corp. in a research report issued on Wednesday. KeyCorp analyst J. Hammond anticipates that the brokerage will post earnings per share of $0.17 for the quarter. KeyCorp also issued estimates for Actuant Corp.’s FY2018 earnings at $1.25 EPS.
Actuant Corp. (NYSE:ATU) last posted its quarterly earnings results on Wednesday, September 28th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. Actuant Corp. had a negative net margin of 9.15% and a positive return on equity of 13.22%. The firm earned $275.77 million during the quarter. During the same period last year, the firm posted $0.37 earnings per share. The company’s revenue for the quarter was down 8.0% on a year-over-year basis.
Other equities research analysts have also recently issued research reports about the stock. Barclays PLC reaffirmed an “equal weight” rating and issued a $20.00 price objective on shares of Actuant Corp. in a research note on Tuesday, July 12th. Zacks Investment Research raised shares of Actuant Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. BMO Capital Markets reaffirmed a “hold” rating on shares of Actuant Corp. in a research note on Saturday. Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Actuant Corp. in a research note on Friday, June 24th. Finally, Royal Bank Of Canada cut their price objective on shares of Actuant Corp. from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, June 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Actuant Corp. has a consensus rating of “Hold” and an average target price of $23.78.
Actuant Corp. (NYSE:ATU) opened at 23.58 on Monday. The stock’s 50 day moving average is $23.27 and its 200-day moving average is $24.54. Actuant Corp. has a one year low of $20.49 and a one year high of $27.71. The firm’s market capitalization is $1.39 billion.
Several hedge funds and other institutional investors have recently modified their holdings of the company. First Republic Investment Management Inc. acquired a new position in shares of Actuant Corp. during the first quarter valued at about $546,000. Invictus RG raised its position in shares of Actuant Corp. by 45.1% in the first quarter. Invictus RG now owns 18,844 shares of the company’s stock valued at $466,000 after buying an additional 5,855 shares during the last quarter. HBK Investments L P acquired a new position in shares of Actuant Corp. during the first quarter valued at about $1,279,000. State Street Corp raised its position in shares of Actuant Corp. by 0.6% in the first quarter. State Street Corp now owns 1,156,962 shares of the company’s stock valued at $28,585,000 after buying an additional 7,393 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Actuant Corp. by 2.0% in the first quarter. Massmutual Trust Co. FSB ADV now owns 18,280 shares of the company’s stock valued at $452,000 after buying an additional 355 shares during the last quarter.
In related news, CEO Randal W. Baker acquired 10,795 shares of the firm’s stock in a transaction on Monday, July 11th. The stock was acquired at an average cost of $23.14 per share, for a total transaction of $249,796.30. Following the acquisition, the chief executive officer now owns 63,979 shares of the company’s stock, valued at $1,480,474.06. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.90% of the stock is currently owned by company insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.16 annualized dividend and a yield of 0.68%. Actuant Corp.’s dividend payout ratio (DPR) is presently -2.23%.
Actuant Corp. Company Profile
Actuant Corporation is a global diversified company that designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company is organized into three operating segments: Industrial, Energy and Engineered Solutions. The Industrial segment is 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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