Actuant Co. (NYSE:ATU) – Analysts at Gabelli issued their FY2022 EPS estimates for shares of Actuant in a research note issued on Thursday. Gabelli analyst J. Bergner expects that the industrial products company will post earnings per share of $1.95 for the year.

Actuant (NYSE:ATU) last issued its earnings results on Wednesday, December 20th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. Actuant had a positive return on equity of 9.29% and a negative net margin of 5.89%. The company had revenue of $289.00 million for the quarter, compared to the consensus estimate of $269.22 million. During the same quarter last year, the company earned $0.20 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis.

A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded Actuant from a “buy” rating to a “hold” rating in a research note on Friday. KeyCorp reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Actuant in a research note on Sunday, November 19th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Actuant in a research note on Wednesday, October 25th. SunTrust Banks reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Actuant in a research note on Monday, October 2nd. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $25.00 target price (up previously from $23.00) on shares of Actuant in a report on Saturday, September 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $25.60.

Shares of Actuant (NYSE:ATU) opened at $24.60 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.80 and a debt-to-equity ratio of 1.02. Actuant has a 12 month low of $21.60 and a 12 month high of $29.17. The stock has a market capitalization of $1,480.00, a P/E ratio of -22.16, a price-to-earnings-growth ratio of 2.39 and a beta of 1.65.

A number of institutional investors and hedge funds have recently bought and sold shares of ATU. Pacad Investment Ltd. boosted its holdings in Actuant by 30.3% during the 2nd quarter. Pacad Investment Ltd. now owns 5,080 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 1,180 shares during the period. US Bancorp DE boosted its holdings in Actuant by 3.2% during the 2nd quarter. US Bancorp DE now owns 6,173 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 190 shares during the period. SG Americas Securities LLC purchased a new position in Actuant during the 3rd quarter valued at $162,000. Public Employees Retirement System of Ohio boosted its holdings in Actuant by 10.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,830 shares of the industrial products company’s stock valued at $193,000 after acquiring an additional 726 shares during the period. Finally, Amalgamated Bank boosted its holdings in Actuant by 4.0% during the 2nd quarter. Amalgamated Bank now owns 8,183 shares of the industrial products company’s stock valued at $201,000 after acquiring an additional 314 shares during the period.

In other 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 value of $130,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

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Actuant Company 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.

Earnings History and Estimates for Actuant (NYSE:ATU)

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