Gofen & Glossberg LLC IL held its stake in Actuant Corporation (NYSE:ATU) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,784 shares of the industrial products company’s stock at the close of the 2nd quarter. Gofen & Glossberg LLC IL’s holdings in Actuant Corporation were worth $290,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacad Investment Ltd. increased its position in shares of Actuant Corporation by 30.3% during the second quarter. Pacad Investment Ltd. now owns 5,080 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 1,180 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Actuant Corporation during the first quarter worth about $134,000. US Bancorp DE increased its position in shares of Actuant Corporation by 3.2% during the second quarter. US Bancorp DE now owns 6,173 shares of the industrial products company’s stock worth $152,000 after acquiring an additional 190 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Actuant Corporation by 6.3% during the first quarter. Public Employees Retirement System of Ohio now owns 7,104 shares of the industrial products company’s stock worth $187,000 after acquiring an additional 420 shares during the last quarter. Finally, Amalgamated Bank increased its position in shares of Actuant Corporation by 4.0% during the second quarter. Amalgamated Bank now owns 8,183 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 314 shares during the last quarter.
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Actuant Corporation (NYSE:ATU) last posted its quarterly earnings results on Wednesday, September 27th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). Actuant Corporation had a positive return on equity of 9.43% and a negative net margin of 6.04%. The business had revenue of $275.70 million during the quarter, compared to analyst estimates of $265.33 million. During the same period last year, the company earned $0.30 EPS. The business’s revenue for the quarter was up .0% on a year-over-year basis.
In related news, VP Ted Wozniak sold 5,000 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $26.19, for a total value of $130,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.00% of the company’s stock.
Several analysts recently weighed in on ATU shares. Robert W. Baird boosted their price objective on Actuant Corporation from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, September 28th. BidaskClub lowered Actuant Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Zacks Investment Research raised Actuant Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 22nd. SunTrust Banks, Inc. reissued a “hold” rating and issued a $23.00 price objective on shares of Actuant Corporation in a report on Monday, October 2nd. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $25.00 price objective (up from $23.00) on shares of Actuant Corporation in a report on Saturday, September 30th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Actuant Corporation has a consensus rating of “Hold” and an average price target of $25.44.
Actuant Corporation Profile
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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