Acme United Co. (NYSEAMERICAN:ACU – Get Rating) declared a quarterly dividend on Monday, December 19th, Wall Street Journal reports. Stockholders of record on Friday, January 6th will be given a dividend of 0.14 per share on Friday, January 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Thursday, January 5th.
Acme United has increased its dividend payment by an average of 4.9% per year over the last three years and has raised its dividend every year for the last 1 years. Acme United has a dividend payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings.
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Acme United Stock Down 2.0 %
Shares of NYSEAMERICAN ACU traded down $0.47 during midday trading on Monday, reaching $23.17. 3,835 shares of the company's stock traded hands, compared to its average volume of 7,467. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.01 and a current ratio of 4.72. The stock's 50 day moving average is $28.49. Acme United has a one year low of $21.11 and a one year high of $35.76. The stock has a market cap of $81.91 million, a P/E ratio of 14.97 and a beta of 0.91.
Acme United (NYSEAMERICAN:ACU – Get Rating) last released its quarterly earnings data on Friday, October 21st. The company reported $0.02 earnings per share (EPS) for the quarter. Acme United had a net
margin of 3.05% and a return on equity of 7.61%. The firm had revenue of $49.74 million for the quarter.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG purchased a new position in shares of Acme United in the third quarter worth $34,000. Envestnet Asset Management Inc. purchased a new position in shares of Acme United in the second quarter worth $205,000. State Street Corp raised its holdings in shares of Acme United by 16.6% in the first quarter. State Street Corp now owns 8,195 shares of the company's stock worth $278,000 after buying an additional 1,165 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Acme United by 7.5% during the first quarter. Acadian Asset Management LLC now owns 19,874 shares of the company's stock worth $669,000 after purchasing an additional 1,381 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Acme United by 0.7% during the third quarter. Vanguard Group Inc. now owns 124,350 shares of the company's stock worth $2,863,000 after purchasing an additional 844 shares during the last quarter. Hedge funds and other institutional investors own 61.15% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on ACU shares. StockNews.com cut shares of Acme United from a "buy" rating to a "hold" rating in a research report on Tuesday, October 25th. TheStreet cut shares of Acme United from a "b-" rating to a "c" rating in a research report on Friday, October 21st.
About Acme United
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Acme United Corporation supplies first aid and safety, cutting, sharpening, and measuring products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.
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