Actuant Got Some Good News

By Jason Carr

In a report released today, Jeffrey Hammond from KeyBanc upgraded Actuant (NYSE: ATU) to Buy. The company’s shares closed yesterday at $26.45.

According to, Hammond is a 4-star analyst with an average return of 10.1% and a 60.4% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc, Watts Water Technologies, and Manitowoc Foodservice.

Actuant has an analyst consensus of Hold, with a price target consensus of $26.50.

Based on Actuant’s latest earnings report for the quarter ending November 30, the company posted quarterly revenue of $266 million and quarterly net profit of $4.97 million. In comparison, last year the company earned revenue of $263 million and had a GAAP net loss of $159 million.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. Most recently, in January 2017, Eugene Edward Skogg, the EVP-Human Resources of ATU sold 4,339 shares for a total of $115,417.

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Actuant Corp. is a diversified industrial company, which engages in the designs, manufactures, and distributes a broad range of industrial products and systems to various end markets. It operates through the following business segments: Industrial, Energy, and Engineered Solutions. The Industrial segment design, manufacture, and distributes branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure, and production automation markets. The Energy segment provides joint integrity products and services, as well as umbilical, rope and cable solutions to the global oil and gas, power generation, and energy markets. The Engineered Solutions segment is a global designer and assembler of customized position and motion control systems and other industrial products to various transportation and other niche markets. The company was founded in 1910 and is headquartered in Menomonee Falls, WI.