Actuant Corporation (NYSE:ATU) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in Actuant Corporation (NYSE:ATU) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,930 shares of the industrial products company’s stock after buying an additional 400 shares during the period. Nisa Investment Advisors LLC’s holdings in Actuant Corporation were worth $392,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ATU. State of Alaska Department of Revenue increased its stake in Actuant Corporation by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 6,530 shares of the industrial products company’s stock valued at $172,000 after buying an additional 150 shares during the period. BNP Paribas Arbitrage SA increased its stake in Actuant Corporation by 2.0% in the first quarter. BNP Paribas Arbitrage SA now owns 12,955 shares of the industrial products company’s stock valued at $341,000 after buying an additional 256 shares during the period. First Midwest Bank Trust Division increased its stake in Actuant Corporation by 2.6% in the first quarter. First Midwest Bank Trust Division now owns 10,713 shares of the industrial products company’s stock valued at $282,000 after buying an additional 273 shares during the period. Louisiana State Employees Retirement System increased its stake in Actuant Corporation by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 24,100 shares of the industrial products company’s stock valued at $635,000 after buying an additional 400 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in Actuant Corporation by 0.8% in the first quarter. Oppenheimer & Co. Inc. now owns 53,688 shares of the industrial products company’s stock valued at $1,415,000 after buying an additional 400 shares during the period.

Shares of Actuant Corporation (NYSE ATU) traded down 1.29% during trading on Friday, hitting $22.95. The stock had a trading volume of 412,638 shares. Actuant Corporation has a 12 month low of $20.54 and a 12 month high of $29.80. The company’s 50 day moving average price is $24.24 and its 200 day moving average price is $25.79. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 27.32 and a beta of 1.61.

Actuant Corporation (NYSE:ATU) last posted its earnings results on Wednesday, June 21st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Actuant Corporation had a return on equity of 10.58% and a net margin of 4.56%. The firm had revenue of $295.40 million for the quarter, compared to analyst estimates of $294 million. During the same quarter in the prior year, the company earned $0.40 EPS. Actuant Corporation’s revenue was down 3.2% on a year-over-year basis. Equities research analysts expect that Actuant Corporation will post $0.02 earnings per share for the current fiscal year.

The company also recently announced 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 annualized dividend and a yield of 0.70%. The ex-dividend date is Thursday, September 28th. Actuant Corporation’s payout ratio is 4.88%.

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Several research firms have recently weighed in on ATU. Stifel Nicolaus decreased their target price on Actuant Corporation from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday, June 22nd. Royal Bank Of Canada reiterated a “hold” rating and set a $28.00 target price on shares of Actuant Corporation in a research report on Tuesday, June 6th. Gabelli upgraded Actuant Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. J P Morgan Chase & Co upgraded Actuant Corporation from an “underweight” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $21.00 in a research report on Wednesday, June 21st. Finally, Barclays PLC upgraded Actuant Corporation from an “underweight” rating to an “equal weight” rating and set a $20.00 target price for the company in a research report on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $27.00.

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.

Institutional Ownership by Quarter for Actuant Corporation (NYSE:ATU)

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