KeyCorp reiterated their buy rating on shares of Actuant (NYSE:ATU) in a report issued on Sunday, November 19th. The firm currently has a $29.00 target price on the industrial products company’s stock.
A number of other equities research analysts also recently commented on the company. Royal Bank Of Canada reiterated a hold rating and issued a $24.00 price objective on shares of Actuant in a report on Wednesday, October 25th. SunTrust Banks restated a hold rating and issued a $23.00 price target on shares of Actuant in a report on Monday, October 2nd. BMO Capital Markets restated a market perform rating and issued a $25.00 price target (up from $23.00) on shares of Actuant in a report on Saturday, September 30th. Robert W. Baird increased their price objective on Actuant from $26.00 to $27.00 and gave the stock an outperform rating in a report on Thursday, September 28th. Finally, Zacks Investment Research upgraded Actuant from a strong sell rating to a hold rating in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $25.00.
Actuant (ATU) traded down $0.15 during trading on Friday, reaching $26.20. The company’s stock had a trading volume of 356,649 shares, compared to its average volume of 475,253. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $1,580.00, a price-to-earnings ratio of 32.87, a P/E/G ratio of 2.67 and a beta of 1.65. Actuant has a one year low of $21.60 and a one year high of $29.80.
In related news, VP Ted Wozniak sold 5,000 shares of Actuant stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $26.19, for a total transaction of $130,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.00% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Actuant by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 5,249,112 shares of the industrial products company’s stock worth $129,129,000 after acquiring an additional 121,842 shares during the period. Pzena Investment Management LLC increased its stake in shares of Actuant by 18.3% in the 3rd quarter. Pzena Investment Management LLC now owns 3,917,524 shares of the industrial products company’s stock valued at $100,289,000 after purchasing an additional 605,973 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Actuant by 0.5% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,150,941 shares of the industrial products company’s stock valued at $80,664,000 after purchasing an additional 15,275 shares during the last quarter. Clarkston Capital Partners LLC increased its stake in shares of Actuant by 12.8% in the 3rd quarter. Clarkston Capital Partners LLC now owns 2,537,547 shares of the industrial products company’s stock valued at $64,961,000 after purchasing an additional 288,632 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Actuant by 8.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,342,420 shares of the industrial products company’s stock valued at $59,966,000 after purchasing an additional 183,715 shares during the last quarter.
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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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