Somewhat Positive Media Coverage Somewhat Unlikely to Impact Actuant (ATU) Share Price

Press coverage about Actuant (NYSE:ATU) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Actuant earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.7436319875128 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Actuant from a “sell” rating to a “hold” rating in a research note on Wednesday, May 30th. BMO Capital Markets decreased their price objective on shares of Actuant from $25.00 to $24.00 and set a “market perform” rating on the stock in a research note on Thursday, March 22nd. KeyCorp decreased their price objective on shares of Actuant from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, March 22nd. Stifel Nicolaus decreased their price objective on shares of Actuant from $26.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, March 22nd. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $25.00 price objective on shares of Actuant in a research note on Thursday, March 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.44.

ATU opened at $25.80 on Thursday. Actuant has a one year low of $21.50 and a one year high of $27.95. The company has a current ratio of 2.15, a quick ratio of 1.55 and a debt-to-equity ratio of 0.88. The company has a market cap of $1.56 billion, a PE ratio of 31.08, a P/E/G ratio of 2.71 and a beta of 1.48.

Actuant (NYSE:ATU) last released its quarterly earnings results on Wednesday, March 21st. The industrial products company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). Actuant had a negative net margin of 7.86% and a positive return on equity of 9.21%. The company had revenue of $275.20 million for the quarter, compared to the consensus estimate of $267.57 million. During the same period last year, the company earned $0.11 earnings per share. Actuant’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities analysts anticipate that Actuant will post 1.03 EPS for the current fiscal year.

In related news, Director Alfredo Altavilla purchased 2,000 shares of the firm’s stock in a transaction dated Monday, May 14th. The shares were acquired at an average cost of $24.75 per share, with a total value of $49,500.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $49,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Actuant Company Profile

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates through three segments: Industrial, Energy, and Engineered Solutions. The 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 under the Enerpac, Larzep, Milwaukee Cylinder, Precision-Hayes, and Simplex brand names.

Insider Buying and Selling by Quarter for Actuant (NYSE:ATU)

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