Dimensional Fund Advisors LP Has $6.39 Million Holdings in Acme United Co. (NYSE:ACU)

Dimensional Fund Advisors LP decreased its holdings in shares of Acme United Co. (NYSE:ACU) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,332 shares of the company’s stock after selling 675 shares during the period. Dimensional Fund Advisors LP owned 4.98% of Acme United worth $6,394,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Acadian Asset Management LLC increased its position in shares of Acme United by 117.3% during the first quarter. Acadian Asset Management LLC now owns 29,872 shares of the company’s stock worth $1,400,000 after acquiring an additional 16,128 shares in the last quarter. American Century Companies Inc. boosted its stake in Acme United by 53.9% in the second quarter. American Century Companies Inc. now owns 47,933 shares of the company’s stock valued at $1,681,000 after acquiring an additional 16,796 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Acme United by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 142,858 shares of the company’s stock valued at $6,713,000 after acquiring an additional 10,675 shares during the period. Ritholtz Wealth Management raised its stake in Acme United by 7.5% in the 2nd quarter. Ritholtz Wealth Management now owns 10,341 shares of the company’s stock valued at $363,000 after acquiring an additional 723 shares during the period. Finally, Evercore Wealth Management LLC purchased a new position in Acme United in the 4th quarter valued at approximately $219,000. Institutional investors and hedge funds own 62.10% of the company’s stock.

Insider Activity at Acme United

In other Acme United news, COO Brian S. Olschan sold 3,149 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $40.88, for a total value of $128,731.12. Following the transaction, the chief operating officer now owns 41,103 shares of the company’s stock, valued at approximately $1,680,290.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 34.10% of the stock is currently owned by insiders.

Acme United Price Performance

ACU stock opened at $42.44 on Wednesday. Acme United Co. has a 12-month low of $26.32 and a 12-month high of $50.99. The company has a current ratio of 3.79, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average price is $41.81 and its two-hundred day moving average price is $40.16. The stock has a market capitalization of $155.42 million, a price-to-earnings ratio of 8.84 and a beta of 0.65.

Acme United (NYSE:ACU) last announced its quarterly earnings results on Friday, July 19th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.15. The company had revenue of $55.43 million for the quarter, compared to analysts’ expectations of $56.50 million. Acme United had a net margin of 10.09% and a return on equity of 10.14%. As a group, equities analysts predict that Acme United Co. will post 2.78 earnings per share for the current year.

Acme United Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Friday, October 4th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, October 4th. Acme United’s dividend payout ratio (DPR) is 12.50%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Singular Research upgraded shares of Acme United from a “moderate buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. StockNews.com upgraded shares of Acme United from a “hold” rating to a “buy” rating in a research report on Saturday, July 20th.

Acme United Company Profile

Acme United Corporation supplies cutting, measuring, first aid, and sharpening 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.