Key Points
- Acme United director Brian Barker sold 3,435 shares on November 9 at an average price of $69.03, for proceeds of about $237,118. He also sold 3,821 shares in August.
- Acme United shares opened at $70.28, near their one-year high of $72.21. The stock carries a consensus Hold rating and a $70 average price target.
- The company’s quarterly dividend is $0.16 per share, equivalent to $0.64 annually and a yield of approximately 0.9%.
Acme United Co. (NYSE:ACU - Get Free Report) Director Brian Barker sold 3,435 shares of the company's stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $69.03, for a total transaction of $237,118.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Brian Barker also recently made the following trade(s):
- On Thursday, August 13th, Brian Barker sold 3,821 shares of Acme United stock. The stock was sold at an average price of $60.50, for a total transaction of $231,170.50.
Acme United Price Performance
ACU opened at $70.28 on Wednesday. The company's 50 day simple moving average is $63.85 and its 200 day simple moving average is $51.23. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41. Acme United Co. has a 1 year low of $35.50 and a 1 year high of $72.21. The stock has a market capitalization of $267.77 million, a PE ratio of 14.37 and a beta of 0.35.
Acme United Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Friday, October 2nd were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 0.9%. Acme United's dividend payout ratio (DPR) is currently 23.53%.
Institutional Investors Weigh In On Acme United
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new position in shares of Acme United in the 2nd quarter worth about $28,000. Deutsche Bank AG acquired a new position in shares of Acme United in the 2nd quarter valued at about $162,000. Empowered Funds LLC acquired a new position in shares of Acme United in the 1st quarter valued at about $234,000. NewEdge Advisors LLC acquired a new position in shares of Acme United in the 1st quarter valued at about $267,000. Finally, Simplicity Wealth LLC purchased a new stake in shares of Acme United during the 3rd quarter worth about $371,000. 62.10% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Freedom Broker boosted their price objective on shares of Acme United from $58.00 to $70.00 and gave the company a "hold" rating in a research note on Wednesday, October 28th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Acme United has a consensus rating of "Hold" and an average target price of $70.00.
View Our Latest Report on Acme United
Acme United Company Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
