Insider Activity to Watch: L.S. Starrett Company (The) $SCX

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L.S. Starrett Company (The) (NYSE:SCX) insider have most recently took part in a trading activity. On Nov 2, 2017 Starrett Douglas A, President/CFO bought 500 shares having total worth of $3,550 at the price of $7.1 per share, following the transaction a total of 53,254 shares owned by Starrett Douglas A. Before this latest buy, Starrett Douglas A purchased SCX at 3 other times during the past twelve months, for a total investment of $39,805 at an average of $8.42 per share.

Furthermore, over the past 12 months , the stock was traded 11 times by insiders. an employee of the company was the buyer in 11 instances.

L.S. Starrett Company was founded in 1880 and incorporated in 1929. The Company is engaged in the business of manufacturing over 5,000 different products for industrial, professional and consumer markets. As a global manufacturer with major subsidiaries in Brazil (1956), Scotland (1958) and China (1997), the Company offers its broad array of products to the market through multiple channels of distribution throughout the world. The Company’s products include precision tools, electronic gages, gage blocks, optical and vision measuring equipment, custom engineered granite solutions, tape measures, levels, chalk products, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, reciprocating saw blades, M1(r) lubricant and precision ground flat stock. Starrett(r) is brand recognized around the world for precision, quality and innovation. The Company’s tools and instruments are sold throughout North America and in over 100 foreign countries. By far the largest consumer of these products is the metalworking industry including aerospace, medical, and automotive but other important consumers are marine and farm equipment shops, do-it-yourselfers and tradesmen such as builders, carpenters, plumbers and electricians. The subsidiaries located in Brazil, Scotland and China are actively engaged in the manufacturing and distribution of precision measuring tools, saw blades, optical and vision measuring equipment and hand tools. Subsidiaries in Canada, Australia, New Zealand, Mexico, Germany and Singapore are engaged in distribution of the Company’s products. Saw products encounter competition from several domestic and international sources. Various aspects of the Company’s operations are subject to federal, state, local or foreign laws, rules and regulations.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.