Actuant: 3 Different Insiders Have Purchased Shares This Month

Actuant Corporation (ATU) designs, manufactures, and distributes a range of industrial products and systems worldwide.

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Insider buying during the last 30 days

Here is a table of Actuant's insider activity during the last 30 days.

There have been 235,000 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of Actuant's insider activity by calendar month.

There have been 327,914 shares purchased and there have been 5,117 shares sold by insiders since December 2014. The month of December 2015 has seen the most insider buying.

Financials

Actuant reported the fiscal 2016 first-quarter, which ended November 30, financial results on December 17 with the following highlights:

The three insiders purchased their shares after these results.

(Source: Investor presentation)

Outlook

Actuant's guidance is as follows:

(Source: Investor presentation)

Competition

Actuant's competitors include Kennametal (NYSE:KMT) and Parker-Hannifin (NYSE:PH). Here is a table comparing these companies.

Actuant has the highest gross margin among these three companies.

Here is a table of these competitors' insider activities this year.

Actuant has seen the most insider buying this year.

Conclusion

There have been three different insiders buying Actuant and there have not been any insiders selling Actuant during the last 30 days. Two of these three insiders increased their holdings by more than 10%.

The three insiders purchased their shares at prices ranging from $22.79 to $24.44. I believe Actuant could be a good pick below $24.44 based on the intensive insider buying.