Acme United Co. (NYSE:ACU - Get Free Report) COO Brian Olschan sold 1,258 shares of the business's stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $71.52, for a total value of $89,972.16. Following the sale, the chief operating officer owned 41,172 shares of the company's stock, valued at approximately $2,944,621.44. This represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Acme United Price Performance
Shares of NYSE:ACU opened at $70.75 on Thursday. The firm's 50 day moving average price is $63.32 and its 200-day moving average price is $50.72. Acme United Co. has a twelve month low of $35.50 and a twelve month high of $71.99. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $269.56 million, a PE ratio of 14.47 and a beta of 0.40.
Acme United Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Friday, October 2nd were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, October 2nd. Acme United's dividend payout ratio is currently 23.53%.
Analyst Ratings Changes
Separately, Freedom Broker increased their price target on shares of Acme United from $58.00 to $70.00 and gave the stock a "hold" rating in a research report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Acme United has an average rating of "Buy" and an average target price of $70.00.
Read Our Latest Research Report on Acme United
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new position in shares of Acme United in the second quarter worth about $28,000. Deutsche Bank AG bought a new position in shares of Acme United during the 2nd quarter valued at approximately $162,000. Empowered Funds LLC bought a new position in shares of Acme United during the 1st quarter valued at approximately $234,000. NewEdge Advisors LLC bought a new position in shares of Acme United during the 1st quarter valued at approximately $267,000. Finally, Simplicity Wealth LLC purchased a new stake in Acme United in the 3rd quarter worth approximately $371,000. Institutional investors own 62.10% of the company's stock.
About Acme United
(
Get Free Report)
Acme United Corporation is a manufacturer and supplier of first aid and medical products, cutting instruments, measuring tools and school and office supplies. The company serves the consumer, industrial, medical, school and office markets through a portfolio of branded and private-label products.
Its product offerings include workplace first aid cabinets and kits, medical and emergency supplies, scissors, shears, knives, sharpeners, rulers and other measuring instruments. Acme United markets products under brands such as PhysiciansCare, First Aid Only, Pac-Kit, Westcott and Clauss.
Founded in 1867, Acme United is headquartered in Fairfield, Connecticut, and serves customers in the United States, Canada and Europe.
Further Reading
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