Insider Selling: Harold M. Stratton II Unloads 5,000 Shares of Strattec Security Corp. Stock (STRT)
Strattec Security Corp. (NASDAQ:STRT) Director Harold M. Stratton II sold 5,000 shares of Strattec Security Corp. stock on the open market in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $78.10, for a total transaction of $390,500.00. Following the transaction, the director now directly owns 49,964 shares of the company’s stock, valued at approximately $3,902,188. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on STRT. Analysts at Zacks upgraded shares of Strattec Security Corp. from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 7th. They now have a $79.80 price target on the stock. Analysts at Robert W. Baird raised their price target on shares of Strattec Security Corp. from $68.00 to $72.00 in a research note on Wednesday, August 6th.
Strattec Security Corp. (NASDAQ:STRT) traded up 3.00% on Friday, hitting $80.24. 51,117 shares of the company’s stock traded hands. Strattec Security Corp. has a one year low of $35.31 and a one year high of $81.94. The stock has a 50-day moving average of $68. and a 200-day moving average of $67.65. The company has a market cap of $278.9 million and a P/E ratio of 16.97.
Strattec Security Corp. (NASDAQ:STRT) last released its earnings data on Tuesday, August 5th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.41. On average, analysts predict that Strattec Security Corp. will post $5.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Wednesday, September 10th. This is an increase from Strattec Security Corp.’s previous quarterly dividend of $0.11.
STRATTEC SECURITY CORPORATION (NASDAQ:STRT) is a producer of automotive locks and keys.
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