L.S. Starrett Co. (NYSE:SCX) CFO Douglas A. Starrett acquired 4,595 shares of L.S. Starrett stock in a transaction dated Friday, September 23rd. The shares were bought at an average cost of $10.84 per share, with a total value of $49,809.80. Following the transaction, the chief financial officer now owns 17,776 shares in the company, valued at $192,691.84. The purchase was disclosed in a filing with the SEC, which is available through this link.
Shares of L.S. Starrett Co. (NYSE:SCX) traded up 0.5954% during mid-day trading on Thursday, hitting $10.1199. 2,067 shares of the stock traded hands. The stock’s market cap is $71.09 million. L.S. Starrett Co. has a 52 week low of $8.40 and a 52 week high of $13.71. The firm’s 50-day moving average is $10.75 and its 200-day moving average is $11.19.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Tuesday, September 20th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Friday, September 16th. L.S. Starrett’s payout ratio is 71.43%.
Separately, TheStreet downgraded shares of L.S. Starrett from a “hold” rating to a “sell” rating in a research 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.
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