Kewaunee Scientific Co. (KEQU) Director Purchases $25,556.64 in Stock

Kewaunee Scientific Co. (NASDAQ:KEQU) Director Donald F. Shaw purchased 888 shares of the firm’s stock in a transaction that occurred on Wednesday, December 26th. The shares were acquired at an average cost of $28.78 per share, with a total value of $25,556.64. Following the completion of the transaction, the director now owns 21,250 shares in the company, valued at approximately $611,575. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Kewaunee Scientific Co. (NASDAQ KEQU) traded up $0.40 during trading on Friday, reaching $28.50. 1,800 shares of the company were exchanged, compared to its average volume of 2,900. The company has a current ratio of 2.12, a quick ratio of 1.58 and a debt-to-equity ratio of 0.04. Kewaunee Scientific Co. has a 12-month low of $20.95 and a 12-month high of $31.20. The stock has a market cap of $76.45, a PE ratio of 17.07 and a beta of 0.07.

Kewaunee Scientific (NASDAQ:KEQU) last announced its quarterly earnings results on Tuesday, December 5th. The technology company reported $0.62 earnings per share for the quarter. Kewaunee Scientific had a net margin of 3.28% and a return on equity of 10.61%. The firm had revenue of $41.47 million during the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Monday, December 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $0.68 dividend on an annualized basis and a yield of 2.39%. Kewaunee Scientific’s dividend payout ratio is currently 40.72%.

Hedge funds have recently modified their holdings of the business. California Public Employees Retirement System acquired a new position in Kewaunee Scientific in the 2nd quarter worth $202,000. Northern Trust Corp lifted its holdings in Kewaunee Scientific by 2.3% in the 2nd quarter. Northern Trust Corp now owns 56,131 shares of the technology company’s stock worth $1,397,000 after buying an additional 1,284 shares in the last quarter. Hancock Holding Co. acquired a new position in Kewaunee Scientific in the 2nd quarter worth $203,000. Finally, Vanguard Group Inc. lifted its holdings in Kewaunee Scientific by 38.0% in the 2nd quarter. Vanguard Group Inc. now owns 59,560 shares of the technology company’s stock worth $1,486,000 after buying an additional 16,400 shares in the last quarter. Hedge funds and other institutional investors own 36.54% of the company’s stock.

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Kewaunee Scientific Company Profile

Kewaunee Scientific Corporation is engaged in the design, manufacture and installation of laboratory, healthcare and technical furniture products. The Company’s products include steel, wood and laminate furniture, fume hoods, biological safety cabinets, laminar flow and ductless hoods, adaptable modular and column systems, moveable workstations and carts, epoxy resin worksurfaces, sinks, and accessories and related design services.

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