Acme United (NYSE:ACU) Stock: Insider Susan Murphy Sells 2,890 Shares

Acme United Co. (NYSE:ACU) Director Susan Murphy sold 2,890 shares of the stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $67.00, for a total transaction of $193,630.00. Following the transaction, the director owned 5,967 shares of the company’s stock, valued at $399,789. This trade represents a 32.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Acme United Stock Performance

Shares of NYSE:ACU opened at $68.84 on Friday. Acme United Co. has a 52 week low of $35.50 and a 52 week high of $72.21. The stock has a market capitalization of $262.28 million, a P/E ratio of 14.08 and a beta of 0.35. The firm has a fifty day simple moving average of $63.45 and a two-hundred day simple moving average of $50.85. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30.

Acme United Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Friday, October 2nd were given a $0.16 dividend. The ex-dividend date was Friday, October 2nd. This represents a $0.64 annualized dividend and a yield of 0.9%. Acme United’s dividend payout ratio (DPR) is currently 23.53%.

Wall Street Analyst Weigh In

Separately, Freedom Broker boosted their price objective on Acme United from $58.00 to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, October 28th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $70.00.

Institutional Trading of Acme United

A number of institutional investors have recently bought and sold shares of ACU. Ritholtz Wealth Management raised its stake in shares of Acme United by 2.8% in the third quarter. Ritholtz Wealth Management now owns 8,498 shares of the company’s stock valued at $539,000 after acquiring an additional 234 shares during the period. Simplicity Wealth LLC bought a new stake in shares of Acme United in the 3rd quarter worth about $371,000. Integrated Wealth Concepts LLC purchased a new position in shares of Acme United during the 2nd quarter worth about $28,000. Nantahala Capital Management LLC purchased a new position in shares of Acme United during the 2nd quarter worth about $974,776. Finally, Empowered Funds LLC purchased a new position in shares of Acme United during the 2nd quarter worth about $257,000. 62.10% of the stock is currently owned by institutional investors.

Acme United Company Profile

Acme United Corporation is a manufacturer and supplier of first aid and medical products, cutting instruments, measuring tools and school and office supplies. The company serves the consumer, industrial, medical, school and office markets through a portfolio of branded and private-label products.

Its product offerings include workplace first aid cabinets and kits, medical and emergency supplies, scissors, shears, knives, sharpeners, rulers and other measuring instruments. Acme United markets products under brands such as PhysiciansCare, First Aid Only, Pac-Kit, Westcott and Clauss.

Founded in 1867, Acme United is headquartered in Fairfield, Connecticut, and serves customers in the United States, Canada and Europe.