News articles about Actuant Corporation (NYSE:ATU) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Actuant Corporation earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.056120717165 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s rankings:
- Wolfe Research Starts Coverage on Actuant Corporation (ATU) With A Rating Of “Peer Perform” (highlightpress.com)
- ACTUANT CORPORATION (NYSE:ATU) Files An 8-K Costs Associated with Exit or Disposal Activities (4-traders.com)
- Actuant To Divest Viking SeaTech And Acquire Mirage Machines (nasdaq.com)
- ACTUANT CORP : Costs Associated with Exit or Disposal Activities (form 8-K) (4-traders.com)
- BidaskClub Downgrades Actuant Corporation (ATU) to Strong Sell (americanbankingnews.com)
Several brokerages have weighed in on ATU. Gabelli upgraded Actuant Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Wolfe Research initiated coverage on Actuant Corporation in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock. Zacks Investment Research downgraded Actuant Corporation from a “hold” rating to a “sell” rating in a research note on Monday, June 12th. Barclays PLC upgraded Actuant Corporation from an “underweight” rating to an “equal weight” rating and set a $20.00 target price on the stock in a research report on Thursday, June 22nd. Finally, Royal Bank Of Canada reiterated 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 given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $26.78.
Shares of Actuant Corporation (ATU) opened at 23.00 on Friday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 27.38 and a beta of 1.61. Actuant Corporation has a 52 week low of $20.54 and a 52 week high of $29.80. The firm’s 50-day moving average price is $24.10 and its 200 day moving average price is $25.65.
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 the Zacks’ consensus estimate of $0.31 by $0.01. Actuant Corporation had a net margin of 4.56% and a return on equity of 10.58%. The firm had revenue of $295.40 million for the quarter, compared to analyst estimates of $294 million. During the same quarter in the prior year, the business posted $0.40 EPS. The business’s revenue was down 3.2% compared to the same quarter last year. On average, analysts anticipate that Actuant Corporation will post $0.01 EPS for the current 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 dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.70%. Actuant Corporation’s dividend payout ratio is 4.88%.
Actuant Corporation 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.
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