Actuant Corp (ATU): Randal W Baker , CEO of Actuant Corp purchased 10,795 shares on Jul 11, 2016. The Insider buying transaction was reported by the company on Jul 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $23.14 per share for a total value of $249,796.30 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 6, 2016, Eugene Edward Skogg (EVP-Human Resources) purchased 10,000 shares at $24.46 per share price.On Apr 6, 2016, Randal W Baker (CEO) purchased 4,061 shares at $24.63 per share price.Also, On Apr 6, 2016, Mark Sefcik (Exec VP Industrial Segment) purchased 6,500 shares at $24.50 per share price.On Jan 4, 2016, Andrew Lampereur (CFO) purchased 36,400 shares at $23.75 per share price.
Actuant Corporation: On Monday, Jul 11, 2016 heightened volatility was witnessed in Actuant Corporation which led to swings in the share price. The shares opened for trading at $23.12 and hit $23.38 on the upside , eventually ending the session at $23.12, with a gain of 0.74% or 0.17 points. The heightened volatility saw the trading volume jump to 6,36,363 shares. The 52-week high of the share price is $27.71 and the company has a market cap of $1,361 M . The 52-week low of the share price is at $17.02.
Company has been under the radar of several Street Analysts.Actuant Corporation is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 27 from a previous price target of $30 . The Rating was issued on Jun 23, 2016.Actuant Corporation is Downgraded by JP Morgan to Underweight. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 22, 2016.Actuant Corporation is Initiated by Topeka Capital Markets to Hold and the brokerage firm has set the Price Target at $26. The Rating was issued on May 26, 2016.
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.