Why Are Skypeople Fruit Juice, Sunworks, Emerson Electric and Two Other Stocks on the Move Today?

Actuant Corporation Posts Mixed Quarterly Results

Actuant Corporation (NYSE:ATU)’s stock has plunged even though the company posted better-than-expected fiscal third quarter financial results. The industrial products maker reported earnings per share of $0.40, above the estimates of $0.37, while revenue of $305.3 million topped analysts’ estimates of $294.2 million. However, consolidated sales declined by 5% on the year and core sales plummeted by 6% on a year-over-year basis, while profit slid by 44.2%. Actuant Corporation’s CEO Randal Baker said that “unfavorable” segment sales mix and manufacturing underabsorption dented margins in the quarter. For full fiscal year the company expects its adjusted EPS between $1.20 and $1.25 a share. Mason Hawkins’ Southeastern Asset Management is one of the nine investors tracked by us, which reported stakes in Actuant Corporation (NYSE:ATU) as of the end of March.

Inventergy Global Receives Patent Grants

Shares of Inventergy Global Inc (NASDAQ:INVT) have surged by more than 20% after the company announced on Monday that it had received grants and notices of allowance for 23 patents, 15 of which are regarding five families of the IMS/VoIP portfolios which were purchased from Nokia and Huawei, whereas the remaining eight patents in three families are included in the Mobile Broadband portfolio purchased from Panasonic. Joe Beyers, CEO of the intellectual property investment and licensing company, said that Inventergy Global Inc (NASDAQ:INVT) continues to broaden its monetization revenue stream by investing in its patent portfolio. Three hedge funds out of those tracked by us had positions in Inventergy Global Inc (NASDAQ:INVT) at the end of March.

Emerson Electric Suffers Due to Declining Spendings by Customers

Emerson Electric Co. (NYSE:EMR)’s stock inched down after the company said in a SEC filing that trailing three-month orders as of the end of May declined by 5% as the company continues to suffer due to lower general industrial capital spending and plummeting operational and capital spending by its global oil and gas customers. The Missouri-based manufacturer and engineering services provider now expects to increase its restructuring expenses to approximately $90 million to $100 million in fiscal 2016, up from its previous target of $70 million to $80 million. Charles De Vaulx’s International Value Advisers owns more than 1.27 million shares of Emerson Electric Co. (NYSE:EMR) as of the end of the first quarter. Overall, 34 funds from our database are bullish on the company.

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