Strattec Security Corporation (NASDAQ:STRT) insider Patrick J. Hansen sold 2,900 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $45.49, for a total transaction of $131,921.00. Following the completion of the sale, the insider now directly owns 11,950 shares of the company’s stock, valued at $543,605.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Strattec Security Corporation (NASDAQ:STRT) last posted its earnings results on Thursday, October 26th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.12. The company had revenue of $102.46 million during the quarter. Strattec Security Corporation had a return on equity of 4.94% and a net margin of 1.93%.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.21%. Strattec Security Corporation’s payout ratio is currently 25.34%.
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Several large investors have recently added to or reduced their stakes in STRT. JPMorgan Chase & Co. lifted its holdings in shares of Strattec Security Corporation by 38.9% during the 1st quarter. JPMorgan Chase & Co. now owns 4,328 shares of the auto parts company’s stock valued at $120,000 after purchasing an additional 1,211 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Strattec Security Corporation by 266.3% during the 2nd quarter. Legal & General Group Plc now owns 3,835 shares of the auto parts company’s stock valued at $136,000 after purchasing an additional 2,788 shares in the last quarter. GRT Capital Partners L.L.C. bought a new position in shares of Strattec Security Corporation during the 2nd quarter valued at about $205,000. Susquehanna International Group LLP bought a new position in shares of Strattec Security Corporation during the 2nd quarter valued at about $208,000. Finally, Prudential Financial Inc. lifted its holdings in shares of Strattec Security Corporation by 21.4% during the 3rd quarter. Prudential Financial Inc. now owns 8,500 shares of the auto parts company’s stock valued at $347,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 82.98% of the company’s stock.
Separately, ValuEngine raised shares of Strattec Security Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 2nd.
Strattec Security Corporation Company Profile
Strattec Security Corporation designs, develops, manufactures and markets automotive access control products. The Company offers access control products, including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related products for North American automotive customers.
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