E Daily Stock Pick: Acme United

This week, I'm looking for the third industrials sector representative of eight for my Ivy portfolio.

That sector includes twenty-three industries all related to designing, fabricating and servicing stuff we want and use. The industrials industries range from aerospace and defense to waste management with all the transportation, business services, and equipment required in between.

Today I'm reviewing a nano-cap tools and accessories company, named Acme United Corporation. Its trading ticker symbol is ACU. I last reviewed this company October 26th, 2018.

Acme United Corp is a supplier of cutting, measuring, first aid and sharpening products to the school, office, hardware, sporting goods and industrial markets in the United States, Canada, Europe, and Asia.

The company offers a vast array of products through a dozen brand names :

It has sharpeners, trimmers, lettering, and math tools under the Westcott brand; cutting tools for hardware and industrial, lawn and garden, and food processing, clothing, and housewares channels under the Clauss brand; knives, tactical tools and trench multi-tool products under the Camillus brand name; pocket sharpeners under the Glide brand; fishing tools and knives under the Cuda brand; cut and puncture resistant gloves under Kevlar brand; and sharpening tools for all edges under the DMT brand;

In addition, it offers first aid kits, refills, and safety products under the First Aid Only brand; refills, and emergency medical travel and recreational kits under the Pac-Kit brand; head protection, and ergonomic supports and  over-the-counter medications, under the PhysiciansCare brand; and absorbents and clean up kits under the Spill Magic brand.

The company sells its products directly and through its independent manufacturer representatives to wholesale, contract, and retail distributors; office superstores; wholesale florists; mass market; e-commerce retailers; and hardware chains.

The company was formerly known as Acme Shear Company and changed its name to Acme United Corporation in 1971.

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Disclosure: This article was compiled by Rydlun & Co., LLC from data derived from www.ycharts. com; www.finance.yahoo.com; analyst median target price by YCharts

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