Douglas A. Starrett Purchases 4,595 Shares of L.S. Starrett Co. (SCX) Stock
L.S. Starrett Co. (NYSE:SCX) CFO Douglas A. Starrett purchased 4,595 shares of L.S. Starrett stock in a transaction that occurred on Friday, September 23rd. The shares were bought at an average cost of $10.84 per share, for a total transaction of $49,809.80. Following the completion of the transaction, the chief financial officer now directly owns 17,776 shares in the company, valued at approximately $192,691.84. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Tuesday, September 20th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 16th. This represents a $0.40 dividend on an annualized basis and a yield of 4.07%. L.S. Starrett’s dividend payout ratio (DPR) is presently 71.43%.
Separately, TheStreet downgraded L.S. Starrett from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th.
L.S. Starrett Company Profile
The L.S. Starrett Company is engaged in the business of manufacturing over 5,000 variations of precision tools, gages, measuring instruments and saw blades for industrial, professional and consumer markets across the world. The Company’s product line includes precision measuring tools (micrometers, calipers and rules, among others.), levels, electronic gages, dial indicators, gage blocks and granite surface plates and custom-engineered products.
Receive News & Stock Ratings for L.S. Starrett Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L.S. Starrett Co. and related stocks with our FREE daily email newsletter.