Robert W. Baird Remains a Hold on Actuant (ATU)

By Carrie Williams

Robert W. Baird analyst Mircea Dobre maintained a Hold rating on Actuant (ATUResearch Report) today and set a price target of $22.00. The company’s shares closed last Monday at $21.83.

According to, Dobre is a 3-star analyst with an average return of 1.0% and a 48.1% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Rexnord Corporation, and Eaton Corporation.

Currently, the analyst consensus on Actuant is a Hold with an average price target of $23.50, a 7.7% upside from current levels. In a report issued on September 17, KeyBanc also downgraded the stock to Hold.

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Based on Actuant’s latest earnings release for the quarter ending August 31, the company reported a quarterly GAAP net loss of $267 million. In comparison, last year the company had a GAAP net loss of $37.66 million.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is neutral on the stock.

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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.