Oppenheimer & Co. Inc. lifted its holdings in shares of Actuant Co. (NYSE:ATU) by 6.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,088 shares of the industrial products company’s stock after buying an additional 3,400 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.10% of Actuant worth $1,404,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Actuant by 24,997.9% in the first quarter. BlackRock Inc. now owns 7,785,372 shares of the industrial products company’s stock valued at $205,145,000 after acquiring an additional 7,754,352 shares during the period. Victory Capital Management Inc. raised its stake in shares of Actuant by 199.3% in the first quarter. Victory Capital Management Inc. now owns 1,497,354 shares of the industrial products company’s stock worth $39,456,000 after buying an additional 997,034 shares during the period. Neuberger Berman Group LLC bought a new position in shares of Actuant in the second quarter worth about $14,152,000. Frontier Capital Management Co. LLC raised its stake in shares of Actuant by 43.7% in the second quarter. Frontier Capital Management Co. LLC now owns 1,550,027 shares of the industrial products company’s stock worth $38,131,000 after buying an additional 471,037 shares during the period. Finally, SG Capital Management LLC bought a new position in shares of Actuant in the second quarter worth about $11,155,000.
Several equities analysts have weighed in on the company. Gabelli upgraded Actuant from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Wolfe Research cut Actuant from a “market perform” rating to an “underperform” rating in a report on Monday, August 21st. Zacks Investment Research lowered Actuant from a “hold” rating to a “sell” rating in a research note on Monday, June 12th. Barclays PLC raised Actuant from an “underweight” rating to an “equal weight” rating and set a $20.00 price target for the company in a research note on Thursday, June 22nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $28.00 target price on shares of Actuant in a research report on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Actuant has an average rating of “Hold” and a consensus price target of $26.78.
Shares of Actuant Co. (NYSE ATU) traded up 0.58% on Friday, reaching $26.20. The company had a trading volume of 158,508 shares. The firm’s 50 day moving average is $23.87 and its 200 day moving average is $25.30. Actuant Co. has a 12 month low of $20.54 and a 12 month high of $29.80. The firm has a market capitalization of $1.56 billion, a PE ratio of 31.19 and a beta of 1.61.
Actuant (NYSE:ATU) last issued its earnings results on Wednesday, June 21st. The industrial products company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. The firm had revenue of $295.40 million during the quarter, compared to analysts’ expectations of $294.00 million. Actuant had a net margin of 7.62% and a return on equity of 16.47%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share. On average, equities research analysts expect that Actuant Co. will post $0.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.04 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.61%. Actuant’s dividend payout ratio (DPR) is presently 4.88%.
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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