ValuEngine upgraded shares of Strattec Security Corporation (NASDAQ:STRT) from a buy rating to a strong-buy rating in a research report report published on Monday morning.

Strattec Security Corporation (STRT) opened at 40.95 on Monday. The company’s 50 day moving average price is $36.55 and its 200-day moving average price is $33.31. The company has a market cap of $147.26 million, a P/E ratio of 20.89 and a beta of 1.62. Strattec Security Corporation has a one year low of $23.00 and a one year high of $44.43.

Strattec Security Corporation (NASDAQ:STRT) last issued its quarterly earnings results on Thursday, August 10th. The auto parts company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.12). Strattec Security Corporation had a net margin of 1.72% and a return on equity of 4.43%. The firm had revenue of $108.43 million for the quarter. On average, analysts forecast that Strattec Security Corporation will post $2.08 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.37%. Strattec Security Corporation’s dividend payout ratio (DPR) is presently 28.57%.

In other news, insider Patrick J. Hansen sold 1,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $35.40, for a total value of $35,400.00. Following the sale, the insider now directly owns 10,950 shares in the company, valued at $387,630. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 7.10% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC grew its position in Strattec Security Corporation by 27.3% in the 1st quarter. FMR LLC now owns 412,800 shares of the auto parts company’s stock valued at $11,476,000 after acquiring an additional 88,400 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Strattec Security Corporation by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 281,390 shares of the auto parts company’s stock worth $9,961,000 after purchasing an additional 18,914 shares during the period. Goldman Sachs Group Inc. purchased a new stake in Strattec Security Corporation in the second quarter worth $608,000. Algert Global LLC purchased a new stake in Strattec Security Corporation in the second quarter worth $552,000. Finally, Uniplan Investment Counsel Inc. increased its stake in Strattec Security Corporation by 11.2% in the second quarter. Uniplan Investment Counsel Inc. now owns 148,769 shares of the auto parts company’s stock worth $5,266,000 after purchasing an additional 15,036 shares during the period. Institutional investors own 82.93% of the company’s stock.

About Strattec Security Corporation

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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