Geode Capital Management LLC boosted its stake in Actuant Corporation (NYSE:ATU) by 2.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 439,596 shares of the industrial products company’s stock after buying an additional 9,380 shares during the period. Geode Capital Management LLC’s holdings in Actuant Corporation were worth $11,583,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its position 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 in the last quarter. BNP Paribas Arbitrage SA raised its position 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 in the last quarter. First Midwest Bank Trust Division raised its position 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 in the last quarter. 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 last quarter. Finally, Isthmus Partners LLC increased its stake in Actuant Corporation by 1.6% in the first quarter. Isthmus Partners LLC now owns 27,797 shares of the industrial products company’s stock valued at $732,000 after buying an additional 446 shares during the last quarter.
Shares of Actuant Corporation (NYSE:ATU) opened at 22.95 on Friday. The stock’s 50 day moving average is $24.24 and its 200-day moving average is $25.79. Actuant Corporation has a 1-year low of $20.54 and a 1-year high of $29.80. The stock has a market cap of $1.37 billion, a PE ratio of 27.32 and a beta of 1.61.
Actuant Corporation (NYSE:ATU) last announced its earnings results on Wednesday, June 21st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $295.40 million during the quarter, compared to analysts’ expectations of $294 million. Actuant Corporation had a net margin of 4.56% and a return on equity of 10.58%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share. On average, analysts predict that Actuant Corporation will post $0.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.70%. Actuant Corporation’s dividend payout ratio (DPR) is presently 4.88%.
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Several research firms have recently commented on ATU. Gabelli upgraded shares of Actuant Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Wolfe Research assumed coverage on shares of Actuant Corporation in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. Zacks Investment Research downgraded shares of Actuant Corporation from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. Barclays PLC upgraded shares of 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. Finally, Royal Bank Of Canada restated a “hold” rating and set a $28.00 target price on shares of Actuant Corporation in a research report on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus 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.
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