Patrick J. Hansen Sells 2,000 Shares of Strattec Security Corporation (STRT) Stock
Strattec Security Corporation (NASDAQ:STRT) CFO Patrick J. Hansen sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $45.00, for a total value of $90,000.00. Following the sale, the chief financial officer now owns 11,950 shares in the company, valued at $537,750. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Strattec Security Corporation (NASDAQ:STRT) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.12. The business had revenue of $102.46 million for the quarter. Strattec Security Corporation had a return on equity of 4.94% and a net margin of 1.93%.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.21%. Strattec Security Corporation’s dividend payout ratio is presently 25.34%.
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Separately, ValuEngine upgraded Strattec Security Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 2nd.
A number of large investors have recently bought and sold shares of the business. Prudential Financial Inc. raised its holdings in Strattec Security Corporation by 21.4% during the third quarter. Prudential Financial Inc. now owns 8,500 shares of the auto parts company’s stock valued at $347,000 after acquiring an additional 1,500 shares during the period. Susquehanna International Group LLP bought a new stake in Strattec Security Corporation during the second quarter valued at about $208,000. Goldman Sachs Group Inc. bought a new stake in Strattec Security Corporation during the second quarter valued at about $608,000. Dimensional Fund Advisors LP raised its holdings in Strattec Security Corporation by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 281,390 shares of the auto parts company’s stock valued at $9,961,000 after acquiring an additional 18,914 shares during the period. Finally, FMR LLC raised its holdings in Strattec Security Corporation by 6.1% during the second quarter. FMR LLC now owns 437,823 shares of the auto parts company’s stock valued at $15,499,000 after acquiring an additional 25,023 shares during the period. 82.98% of the stock is currently owned by institutional investors and hedge funds.
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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