Acme United (NYSE:ACU) Stock: Insider Brian Olschan Sells 1,258 Shares

Acme United Co. (NYSE:ACU) COO Brian Olschan sold 1,258 shares of Acme United stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $71.52, for a total transaction of $89,972.16. Following the sale, the chief operating officer directly owned 41,172 shares of the company’s stock, valued at $2,944,621.44. The trade was a 2.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Acme United Stock Down 2.7%

Acme United stock opened at $68.84 on Friday. The stock has a market cap of $262.28 million, a P/E ratio of 14.08 and a beta of 0.35. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30. Acme United Co. has a twelve month low of $35.50 and a twelve month high of $72.21. The company’s 50-day moving average price is $63.45 and its two-hundred day moving average price is $50.85.

Acme United Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Friday, October 2nd were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, October 2nd. Acme United’s payout ratio is currently 23.53%.

Institutional Investors Weigh In On Acme United

Hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in Acme United in the 2nd quarter worth about $28,000. Deutsche Bank AG bought a new stake in Acme United in the 2nd quarter valued at about $162,000. Empowered Funds LLC bought a new stake in Acme United in the 1st quarter valued at about $234,000. Simplicity Wealth LLC bought a new stake in Acme United in the 3rd quarter valued at about $371,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Acme United during the 1st quarter worth approximately $267,000. Institutional investors and hedge funds own 62.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Freedom Broker increased their target price on Acme United from $58.00 to $70.00 and gave the stock 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, the stock has a consensus rating of “Hold” and an average target price of $70.00.

About Acme United

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.

Founded in 1867, Acme United is headquartered in Fairfield, Connecticut, and serves customers in the United States, Canada and Europe.