Stock Analysis:Actuant Corporation (NYSE:ATU) Price Target Change
In recent note sent to investors by Robert W. Baird on 18 December, Actuant Corporation (NYSE:ATU) had its target price increased to $24.00. The firm right now has a solid Neutral rating on shares.
From a total of 5 analysts covering Actuant (NYSE:ATU) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $28 while the lowest target price is $20. The mean of all analyst targets is $23.6 with a -4.14% below today’s ($22.95) stock price. Actuant was the topic of 6 analyst reports since August 26, 2015 according to the firm StockzIntelligence Inc. SunTrust initiated shares on November 3 with “Buy” rating. JP Morgan upgraded ATU stock in a recent report from October 8 to “Neutral” rating. Finally, Zacks downgraded the stock to “Hold” rating in a report issued on an August 26.
The stock increased 0.20% or $0.05 during the last trading session, striking $22.95. Approximately 1.63 million shares of stock traded hands or 116.78% up from the average. Actuant Corporation (NYSE:ATU) has declined 5.17% since May 15, 2015 and is downtrending. It has underperformed by 1.37% the S&P500.
The overall sentiment of institutions has decreased to 0.82 in Q2 2015. Its down 0.67, from 1.49 in 2015Q2. The ratio fall, as 46 institutions have sold all the shares of Actuant Corporation that they owned while 53 funds have taken shares off the table. 13 funds have purchased shares for the first time while 68 added to their positions. These institutions now hold 69.55 million shares or 22.20% more than the 56.91 million shares they owned in 2015Q2.
The Fund Clarkston Capital Partners Llc currently is holding shares equating to 1.76% of its total portfolio in Actuant Corporation representing a total of 1.05 million shares. Another fund,Fuller & Thaler Asset Management Inc., is holding a total of 2.88 million shares equating to 1.37% of their holdings. Additionally, Champlain Investment Partners Llc has a 3.87 million share stake in Actuant Corporation which represents 1.24% of their total portfolio. The Fund, Cove Street Capital Llc, based out of California, has also built up a stake in the stock, which represents a total of 1.22% of their total portfolio. Finally Mondrian Investment Partners Ltd, a fund which is based in the state of United Kingdom reported a total holdings of 2.68 million shares.
Actuant Corporation is a global diversified firm that designs, makes and distributes a range of industrial products and systems to various end markets. The company has a market cap of $1.36 billion. The Firm is organized into three operating divisions: Industrial, Energy and Engineered Solutions. It has 119.38 P/E ratio. The Industrial segment is involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets.
According to Zacks Investment Research, “Actuant, headquartered in Milwaukee, Wisconsin, is a diversified industrial company with operations in 15 countries. Actuant offers products under such established brand names as Enerpac, Gardner Bender, Milwaukee Cylinder, Nielsen Sessions, Power-Packer, and Power Gear.”