Acme United Co. (NYSEMKT:ACU) declared a quarterly dividend on Tuesday, July 11th, Wall Street Journal reports. Shareholders of record on Thursday, July 20th will be given a dividend of 0.11 per share on Thursday, August 3rd. This represents a $0.44 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Tuesday, July 18th. This is a positive change from Acme United’s previous quarterly dividend of $0.10.
Acme United (ACU) traded up 1.31% during trading on Friday, reaching $27.10. 883 shares of the company’s stock traded hands. The stock has a market cap of $91.35 million, a P/E ratio of 17.95 and a beta of 0.53. Acme United has a one year low of $19.29 and a one year high of $29.49. The firm’s 50 day moving average price is $27.85 and its 200-day moving average price is $26.92.
Acme United (NYSEMKT:ACU) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.00 by $0.25. The company had revenue of $38.85 million during the quarter, compared to analysts’ expectations of $45.20 million. Acme United had a return on equity of 23.79% and a net margin of 7.33%. On average, equities analysts anticipate that Acme United will post $1.75 earnings per share for the current fiscal year.
Separately, Zacks Investment Research cut Acme United from a “buy” rating to a “sell” rating in a research note on Tuesday, April 25th.
In related news, CEO Walter C. Johnsen sold 6,350 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $27.71, for a total transaction of $175,958.50. Following the transaction, the chief executive officer now directly owns 307,706 shares in the company, valued at $8,526,533.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Brian S. Olschan sold 3,010 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $28.07, for a total value of $84,490.70. Following the transaction, the chief operating officer now owns 40,263 shares in the company, valued at $1,130,182.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,890 shares of company stock valued at $330,624.
An institutional investor recently bought a new position in Acme United stock. Northern Trust Corp bought a new stake in Acme United Co. (NYSEMKT:ACU) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,457 shares of the company’s stock, valued at approximately $214,000. Northern Trust Corp owned about 0.22% of Acme United as of its most recent SEC filing.
Acme United Company Profile
Acme United Corporation is a supplier of cutting, measuring, first aid and sharpening products to the school, home, office, hardware, sporting goods and industrial markets. The Company operates in three segments: United States (including Asian operations), Canada and Europe. Its operations in the United States, Canada and Europe are involved in product development, marketing, sales, administrative and distribution activities.
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