Patrick J. Hansen Sells 2,500 Shares of Strattec Security Corp. (STRT) Stock
Strattec Security Corp. (NASDAQ:STRT) VP Patrick J. Hansen sold 2,500 shares of Strattec Security Corp. stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $35.01, for a total value of $87,525.00. Following the completion of the sale, the vice president now directly owns 11,561 shares in the company, valued at approximately $404,750.61. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Strattec Security Corp. (NASDAQ:STRT) traded up 4.79% during midday trading on Friday, reaching $38.25. The company’s stock had a trading volume of 13,248 shares. Strattec Security Corp. has a 1-year low of $23.00 and a 1-year high of $48.86. The stock has a 50 day moving average of $31.14 and a 200-day moving average of $33.87. The company has a market capitalization of $137.43 million, a P/E ratio of 23.28 and a beta of 1.56.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.53%. Strattec Security Corp.’s payout ratio is currently 46.28%.
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Several large investors have recently made changes to their positions in STRT. Russell Investments Group Ltd. purchased a new stake in shares of Strattec Security Corp. during the fourth quarter valued at approximately $253,000. State Street Corp raised its stake in shares of Strattec Security Corp. by 4.8% in the fourth quarter. State Street Corp now owns 46,391 shares of the auto parts company’s stock valued at $1,867,000 after buying an additional 2,108 shares during the last quarter. FMR LLC raised its stake in shares of Strattec Security Corp. by 43.6% in the fourth quarter. FMR LLC now owns 324,400 shares of the auto parts company’s stock valued at $13,073,000 after buying an additional 98,500 shares during the last quarter. Teton Advisors Inc. raised its stake in shares of Strattec Security Corp. by 0.6% in the fourth quarter. Teton Advisors Inc. now owns 176,700 shares of the auto parts company’s stock valued at $7,121,000 after buying an additional 1,000 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Strattec Security Corp. by 12.6% in the fourth quarter. Renaissance Technologies LLC now owns 105,271 shares of the auto parts company’s stock valued at $4,242,000 after buying an additional 11,806 shares during the last quarter. Institutional investors own 89.27% of the company’s stock.
About Strattec Security Corp.
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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