Actuant Corporation (ATU) 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.
Reported before open yesterday (6/22/16) Earnings: EPS $0.40 Revenue $305.3M Estimates: EPS $0.37 Revenue $294.2M Down 8.80% yesterday
Analyst Upgrade/Downgrade Update Brokerage firm: Barclays Change: Downgrade Previous Rating: Equal Weight Current Rating: Underweight Previous Price Target: N/A Current Price Target: $19
Analyst Upgrade/Downgrade Update Brokerage firm: Robert W. Baird Change: Upgrade Previous Rating: Neutral Current Rating: Outperform Previous Price Target: $25 Current Price Target: $30
