Johnson Investment Counsel Inc. Takes $242,000 Position in Strattec Security Corporation $STRT

Key Points

• Johnson Investment Counsel Inc. purchased a new stake in Strattec Security Corporation valued at approximately $242,000 during the 2nd quarter, holding about 0.09% of the company's shares.
• Strattec Security's stock has recently been downgraded by Zacks Research from a "hold" to a "strong sell" rating, while Wall Street Zen upgraded it to a "strong-buy," leaving the consensus at a "Hold."
• The company reported a surprising $2.06 EPS for the last quarter, beating estimates significantly, and had a revenue of $152.01 million compared to expected $143.51 million.

Johnson Investment Counsel Inc. purchased a new stake in Strattec Security Corporation (NASDAQ:STRT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,889 shares of the auto parts company's stock, valued at approximately $242,000. Johnson Investment Counsel Inc. owned approximately 0.09% of Strattec Security as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Empowered Funds LLC raised its stake in shares of Strattec Security by 3.3% during the 1st quarter. Empowered Funds LLC now owns 17,221 shares of the auto parts company's stock worth $680,000 after acquiring an additional 555 shares in the last quarter. De Lisle Partners LLP raised its stake in shares of Strattec Security by 2.4% during the 1st quarter. De Lisle Partners LLP now owns 44,129 shares of the auto parts company's stock worth $1,736,000 after acquiring an additional 1,035 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Strattec Security by 137.9% during the 4th quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company's stock worth $91,000 after acquiring an additional 1,280 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Strattec Security during the 1st quarter worth approximately $91,000. Finally, Baird Financial Group Inc. raised its stake in shares of Strattec Security by 45.9% during the 1st quarter. Baird Financial Group Inc. now owns 14,298 shares of the auto parts company's stock worth $564,000 after acquiring an additional 4,498 shares in the last quarter. Institutional investors own 68.91% of the company's stock.

Wall Street Analyst Weigh In

STRT has been the subject of several recent analyst reports. Zacks Research lowered shares of Strattec Security from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. Wall Street Zen upgraded shares of Strattec Security from a "buy" rating to a "strong-buy" rating in a research note on Monday, September 1st. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Strattec Security in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold".

Strattec Security Stock Down 1.0%

STRT stock opened at $66.91 on Thursday. The firm's fifty day simple moving average is $68.76 and its 200-day simple moving average is $57.30. The company has a market capitalization of $278.35 million, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 1.59 and a beta of 1.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.89. Strattec Security Corporation has a 12 month low of $31.57 and a 12 month high of $83.00.

Strattec Security (NASDAQ:STRT - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The auto parts company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.07 by $0.99. The business had revenue of $152.01 million for the quarter, compared to the consensus estimate of $143.51 million. Strattec Security had a net margin of 3.31% and a return on equity of 8.95%. As a group, equities research analysts forecast that Strattec Security Corporation will post 3.67 earnings per share for the current year.

Insider Activity at Strattec Security

In other news, COO Rolando Guillot sold 22,890 shares of the company's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $65.86, for a total value of $1,507,535.40. Following the sale, the chief operating officer directly owned 5,541 shares of the company's stock, valued at $364,930.26. This represents a 80.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.90% of the stock is owned by company insiders.

About Strattec Security

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company provides mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products.

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