Actuant Corporation (NASDAQ:EPAC) has been given a consensus rating of “Buy” by the six analysts that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $23.50.
Several equities analysts recently commented on EPAC shares. Zacks Investment Research upgraded Actuant from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a research note on Tuesday, December 10th. Royal Bank of Canada reiterated a “hold” rating on shares of Actuant in a research note on Wednesday, March 18th. Wells Fargo & Co dropped their price objective on Actuant from $25.00 to $19.50 and set an “equal weight” rating on the stock in a research note on Monday, March 16th. Gabelli upgraded Actuant from a “hold” rating to a “buy” rating in a research note on Monday. Finally, G.Research upgraded Actuant from a “hold” rating to a “buy” rating in a research note on Monday.
In related news, CFO Ricky T. Dillon sold 2,128 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $23.85, for a total value of $50,752.80. Following the transaction, the chief financial officer now owns 47,563 shares in the company, valued at $1,134,377.55. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Randal W. Baker sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $25.02, for a total value of $375,300.00. Following the completion of the transaction, the chief executive officer now owns 216,326 shares in the company, valued at approximately $5,412,476.52. The disclosure for this sale can be found here.
Institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. bought a new stake in Actuant during the 4th quarter valued at $239,000. Nuveen Asset Management LLC bought a new stake in Actuant during the 4th quarter valued at $6,454,000. Norges Bank bought a new stake in Actuant during the 4th quarter valued at $29,855,000. Geode Capital Management LLC bought a new stake in Actuant during the 4th quarter valued at $18,506,000. Finally, Mason Street Advisors LLC bought a new stake in Actuant during the 4th quarter valued at $488,000.
Shares of NASDAQ EPAC opened at $17.04 on Tuesday. Actuant has a twelve month low of $13.28 and a twelve month high of $27.94. The business has a 50 day simple moving average of $21.51.
Actuant (NASDAQ:EPAC) last announced its earnings results on Thursday, March 19th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The firm had revenue of $133.40 million during the quarter, compared to analysts’ expectations of $136.58 million. During the same quarter in the previous year, the firm earned $0.12 EPS. The firm’s revenue was down 16.5% on a year-over-year basis.
Actuant Corp. is a diversified industrial company, which engages in the designing, manufacturing, and distribution of a broad range of industrial products and systems to various end markets. It operates through the Industrial Tools and Services; and Engineered Components and Systems segments. The Industrial Tools and Services segment supplies both products and services to a broad array of end markets, including industrial, energy, mining and production automation markets.
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