Wilmington Savings Fund Society FSB Purchases Shares of 4,700 Acme United Co. (NYSE:ACU)

Wilmington Savings Fund Society FSB purchased a new stake in Acme United Co. (NYSE:ACU) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,700 shares of the company’s stock, valued at approximately $196,000. Wilmington Savings Fund Society FSB owned about 0.13% of Acme United as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in ACU. Ridgewood Investments LLC grew its holdings in Acme United by 4.4% in the 2nd quarter. Ridgewood Investments LLC now owns 23,735 shares of the company’s stock valued at $832,000 after buying an additional 1,000 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Acme United by 7.5% in the second quarter. Ritholtz Wealth Management now owns 10,341 shares of the company’s stock worth $363,000 after acquiring an additional 723 shares during the last quarter. Acadian Asset Management LLC increased its position in Acme United by 118.3% during the second quarter. Acadian Asset Management LLC now owns 65,224 shares of the company’s stock worth $2,285,000 after acquiring an additional 35,352 shares during the period. American Century Companies Inc. raised its stake in Acme United by 53.9% during the 2nd quarter. American Century Companies Inc. now owns 47,933 shares of the company’s stock valued at $1,681,000 after purchasing an additional 16,796 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new stake in Acme United in the 2nd quarter valued at $291,000. 62.10% of the stock is currently owned by institutional investors.

Acme United Price Performance

Shares of ACU stock opened at $38.63 on Thursday. Acme United Co. has a 12 month low of $32.85 and a 12 month high of $50.99. The company has a market capitalization of $144.51 million, a P/E ratio of 7.90 and a beta of 0.67. The stock has a 50 day moving average of $42.33 and a two-hundred day moving average of $40.35. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30.

Acme United (NYSE:ACU) last issued its earnings results on Friday, October 18th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.19). Acme United had a return on equity of 9.70% and a net margin of 10.25%. The firm had revenue of $48.17 million during the quarter, compared to the consensus estimate of $52.40 million. As a group, equities analysts expect that Acme United Co. will post 2.78 EPS for the current year.

Acme United Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Monday, January 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $0.60 annualized dividend and a dividend yield of 1.55%. Acme United’s dividend payout ratio (DPR) is currently 12.27%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Acme United from a “buy” rating to a “hold” rating in a report on Monday, October 21st.

Acme United Profile

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.