Analyst Rating Update on Actuant Corporation (ATU)

Actuant Corporation (NYSE:ATU) : 1 brokerage houses believe that Actuant Corporation (NYSE:ATU) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Actuant Corporation (NYSE:ATU). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Hold with a rating of 2.7.

Actuant Corporation (NYSE:ATU) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $27 and the lowest price target forecast is $20. The average forecast of all the analysts is $23 and the expected standard deviation is $2.55.

Company shares have received an average consensus rating of Hold for the current week Also, Topeka Capital initiates coverage on Actuant Corporation (NYSE:ATU) The brokerage firm has issued a Hold rating on the shares. The rating by the firm was issued on May 26, 2016.

Actuant Corporation (NYSE:ATU): stock turned positive on Tuesday. Though the stock opened at $22.11, the bulls momentum made the stock top out at $22.46 level for the day. The stock recorded a low of $21.68 and closed the trading day at $21.95, in the green by 1.15%. The total traded volume for the day was 1,445,714. The stock had closed at $21.7 in the previous days trading.

In an insider trading activity, Skogg Eugene Edward, officer (EVP-Human Resources) of Actuant Corp, executed a transaction worth $244,600 on April 4, 2016. A total of 10,000 shares were purchased at an average price of $24.46. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Actuant Corporation is a global diversified company that designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company is organized into three operating segments: Industrial, Energy and Engineered Solutions. 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. The Energy segment provides joint integrity products and services, customized offshore vessel mooring solutions, as well as rope and cable solutions to the global oil & gas, power generation and other energy markets. The Engineered Solutions segment provides highly engineered position and motion control systems to original equipment manufacturers (OEM) in various on and off-highway vehicle markets, as well as, a variety of other products to the industrial and agricultural markets.

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