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NEW YORK ( TheStreet) -- Actuant (NYSE: ATU) hit a new 52-week high Wednesday as it is currently trading at $29.35, above its previous 52-week high of $29.29 with 171,403 shares traded as of 10:10 a.m. ET. Average volume has been 777,700 shares over the past 30 days. Actuant has a market cap of $1.66 billion and is part of the industrial goods sector and industrial industry. Shares are up 27.7% year to date as of the close of trading on Tuesday. Actuant Corporation designs, manufactures, and distributes industrial products and systems worldwide. The company has a P/E ratio of 15.4, above the average industrial industry P/E ratio of 13.4 and below the S&P 500 P/E ratio of 17.7.