Actuant (NYSE:ATU) Given New $27.00 Price Target at KeyCorp

Actuant (NYSE:ATU) had its target price decreased by KeyCorp from $32.00 to $27.00 in a report released on Friday, December 21st. KeyCorp currently has an overweight rating on the industrial products company’s stock. KeyCorp also issued estimates for Actuant’s Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.38 EPS and Q4 2019 earnings at $0.35 EPS.

Several other research firms have also recently commented on ATU. TheStreet lowered shares of Actuant from a b rating to a c rating in a research note on Thursday, September 27th. Zacks Investment Research upgraded shares of Actuant from a sell rating to a hold rating in a research note on Tuesday, November 27th. ValuEngine lowered shares of Actuant from a buy rating to a hold rating in a research note on Friday, December 21st. SunTrust Banks reiterated a hold rating and issued a $22.00 price target on shares of Actuant in a research note on Friday, December 21st. Finally, Wells Fargo & Co lowered their price target on shares of Actuant from $29.00 to $27.00 and set a market perform rating on the stock in a research note on Friday, October 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Actuant has an average rating of Hold and an average target price of $25.44.

ATU traded up $0.10 during trading on Friday, hitting $22.00. The company had a trading volume of 179,332 shares, compared to its average volume of 324,476. The stock has a market capitalization of $1.34 billion, a P/E ratio of 20.18, a P/E/G ratio of 1.35 and a beta of 1.62. Actuant has a one year low of $19.07 and a one year high of $31.00. The company has a current ratio of 2.13, a quick ratio of 1.66 and a debt-to-equity ratio of 0.92.

Actuant (NYSE:ATU) last posted its quarterly earnings data on Thursday, December 20th. The industrial products company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. The business had revenue of $292.50 million for the quarter, compared to analysts’ expectations of $299.70 million. Actuant had a negative net margin of 3.74% and a positive return on equity of 12.58%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 EPS. On average, equities research analysts predict that Actuant will post 1.16 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Actuant by 3.1% during the 3rd quarter. BlackRock Inc. now owns 8,704,134 shares of the industrial products company’s stock worth $242,846,000 after purchasing an additional 258,071 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Actuant by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 6,073,567 shares of the industrial products company’s stock worth $169,454,000 after purchasing an additional 101,101 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Actuant by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 6,073,567 shares of the industrial products company’s stock worth $169,454,000 after purchasing an additional 101,101 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of Actuant by 1.0% during the 3rd quarter. Pzena Investment Management LLC now owns 4,334,688 shares of the industrial products company’s stock worth $120,938,000 after purchasing an additional 44,639 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Actuant by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,373,321 shares of the industrial products company’s stock worth $69,657,000 after purchasing an additional 67,943 shares during the last quarter.

About Actuant

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates in two segments, Industrial Tools & Services (IT&S) and Engineered Components & Systems (EC&S). The IT&S segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the industrial, maintenance, infrastructure, oil and gas, energy, and other markets.

Featured Article: Capital gains and your 401(k) or IRA

Analyst Recommendations for Actuant (NYSE:ATU)

Receive News & Ratings for Actuant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Actuant and related companies with MarketBeat.com's FREE daily email newsletter.