De Lisle Partners LLP Purchases 11,511 Shares of Kewaunee Scientific Co. (NASDAQ:KEQU)

De Lisle Partners LLP raised its holdings in shares of Kewaunee Scientific Co. (NASDAQ:KEQU) by 36.6% during the third quarter, Holdings Channel.com reports. The fund owned 42,958 shares of the technology company’s stock after buying an additional 11,511 shares during the period. De Lisle Partners LLP’s holdings in Kewaunee Scientific were worth $1,446,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ritholtz Wealth Management purchased a new stake in Kewaunee Scientific during the 2nd quarter valued at approximately $413,000. Heron Bay Capital Management purchased a new position in Kewaunee Scientific during the second quarter valued at $252,000. Renaissance Technologies LLC increased its holdings in Kewaunee Scientific by 13.4% in the 2nd quarter. Renaissance Technologies LLC now owns 89,611 shares of the technology company’s stock valued at $4,230,000 after acquiring an additional 10,580 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Kewaunee Scientific by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock valued at $8,378,000 after purchasing an additional 6,132 shares in the last quarter. Hedge funds and other institutional investors own 32.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Kewaunee Scientific from a “buy” rating to a “hold” rating in a research note on Sunday.

Kewaunee Scientific Trading Up 1.4 %

Shares of KEQU opened at $42.69 on Thursday. Kewaunee Scientific Co. has a fifty-two week low of $16.51 and a fifty-two week high of $55.62. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.00 and a current ratio of 2.53. The company’s fifty day moving average is $35.18 and its 200 day moving average is $41.91. The stock has a market capitalization of $122.52 million, a PE ratio of 6.85 and a beta of 0.73.

Kewaunee Scientific (NASDAQ:KEQU) last announced its earnings results on Wednesday, September 11th. The technology company reported $0.93 earnings per share (EPS) for the quarter. The firm had revenue of $48.39 million for the quarter. Kewaunee Scientific had a net margin of 9.13% and a return on equity of 25.87%.

About Kewaunee Scientific

Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products. The company operates through two segments, Domestic and International. Its products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks.