A Director at Steelcase (NYSE: SCS) is Selling Shares

By Carrie Williams

Today, a Director at Steelcase (NYSE: SCS), Robert C. Pew, sold shares of SCS for $660.4K.

In addition to Robert C. Pew, 38 other SCS executives reported Sell trades in the last month. This is Pew’s first Sell trade following 9 Buy transactions.

Based on Steelcase’s latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $769 million and quarterly net profit of $25.8 million. In comparison, last year the company earned revenue of $748 million and had a net profit of $76 million. The company has a one year high of $18.14 and a one year low of $12.67. SCS’s market cap is $1.95B and the company has a P/E ratio of 16.32.

The insider sentiment on Steelcase has been neutral according to 87 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

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Steelcase, Inc. offers furnishing solutions that addresses the three core elements of an office environment: interior architecture, furniture and technology. It operates through following segments: Americas, EMEA, and Others. The Americas segment serves customers in the United States (U.S.), Canada, the Caribbean Islands, and Latin America. This portfolio of integrated architecture, furniture and technology products is marketed to corporate, government, healthcare, education and retail customers through the Steelcase, Coalesse and Turnstone brands. The EMEA segment serves customers in Europe, the Middle East and Africa primarily under the Steelcase and Coalesse brands, with an emphasis on freestanding furniture systems, storage and seating solutions. The Other segment includes Asia Pacific, Designtex and PolyVision. The company was founded by Peter Martin Wege, Sr., Walter D. Idema and David Hunting, Sr. on March 14, 1912 and is headquartered in Grand Rapids, MI.