Servotronics, Inc. designs, manufactures, and markets control components and consumer products in the United States and internationally. It operates in two segments, Advanced Technology Group (ATG) and Consumer Products Group (CPG). The ATG segment provides servo-control components to the commercial aerospace, aircraft, and government related industries; and medical and industrial markets. This segment's principal components include torque motors, electromagnetic actuators, hydraulic and pneumatic valves, and related devices that convert an electrical current into a mechanical force or movement, and other products. It also offers metallic seals of various cross-sectional configurations to close tolerances from standard and special alloy steels. This segment markets and sells its products to the United States Government, government prime contractors, government subcontractors, commercial manufacturers, and end-users. The CPG segment provides cutlery products, including steak, carving, bread, butcher, and paring knives for household use, as well as for use in restaurants, institutions, and the private industry; fixed and folding knives for hunting, fishing, and camping; and machetes, bayonets, axes, strap cutters, and other tools primarily for military and rescue/first-responder use, as well as for commercial markets. It also offers various specialty tools, putty knives, linoleum sheet cutters, field knives, scalpels, and micro-spatulas; and plastic and metal fabrication, as well as engineering, design, and OEM/white-label manufacturing services to customers in the consumer and commercial industries. This segment markets its products through its sales resources and independent manufacturers' representatives to big box, hardware, supermarket, variety, department, discount, gift, drug, outdoor, and sporting stores, as well as through electronic commerce. The company was incorporated in 1959 and is headquartered in Elma, New York.
Company profile
Ticker
SVT
Exchange
Website
CEO
Mr. William F. Farrell Jr.
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Ontario Knife Company • Queen Cutlery Company • G.N. Metal Products, Inc. • SVT Management, Inc. • MRO Corporation • TSV ELMA, Inc. • 87 South Main Corp. • King Cutlery, Inc. • TSV Franklinville, Inc. ...
IRS number
160837866
SVT stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
20 Sep 24
10-Q
2024 Q2
Quarterly report
8 Aug 24
SD
Conflict minerals disclosure
31 May 24
8-K
Submission of Matters to a Vote of Security Holders
15 May 24
10-Q
2024 Q1
Quarterly report
10 May 24
ARS
2023 FY
Annual report to shareholders
11 Apr 24
DEF 14A
Definitive proxy
11 Apr 24
10-K
2023 FY
Annual report
22 Mar 24
8-K
Servotronics, Inc. Names Harrison W. Kelly III as New Chief Operating Officer
1 Feb 24
10-Q
2023 Q3
Quarterly report
9 Nov 23
Latest ownership filings
4
James C Takacs
30 Aug 24
144/A
Notice of proposed sale of securities (amended)
26 Aug 24
4
James C Takacs
20 Aug 24
4
James C Takacs
14 Aug 24
144
Notice of proposed sale of securities
12 Aug 24
144
Notice of proposed sale of securities
25 Jun 24
4
Robert Fraass
14 May 24
4
Evan H Wax
14 May 24
4
Christopher M Marks
14 May 24
4
KAREN L HOWARD
14 May 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 269.00 k | 269.00 k | 269.00 k | 269.00 k | 269.00 k | 269.00 k |
Cash burn (monthly) | 5.67 k | 52.25 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 21.28 k | 196.20 k | n/a | n/a | n/a | n/a |
Cash remaining | 247.72 k | 72.80 k | n/a | n/a | n/a | n/a |
Runway (months of cash) | 43.7 | 1.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2024
57.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 8 |
Opened positions | 4 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 2.23 bn |
Total shares | 1.47 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Estate of Nicholas D. Trbovich, Sr. | 507.36 k | $0.00 |
Beaver Hollow Wellness | 461.91 k | $0.00 |
Wax Asset Management | 179.39 k | $1.99 mm |
Star Equity Fund | 135.00 k | $0.00 |
Oppenheimer & Close | 120.73 k | $1.44 bn |
Dimensional Fund Advisors | 56.87 k | $676.77 mm |
Courier Capital | 10.00 k | $119.00 mm |
Innealta Capital | 14.00 | $167.00 k |
Proequities | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
29 Aug 24 | James C Takacs | Common Stock | Sell | Dispose S | No | No | 12.548 | 3,500 | 43.92 k | 13,113 |
19 Aug 24 | James C Takacs | Common Stock | Sell | Dispose S | No | No | 11.8809 | 1,500 | 17.82 k | 14,615 |
12 Aug 24 | James C Takacs | Common Stock | Sell | Dispose S | No | No | 11.448 | 3,500 | 40.07 k | 16,115 |
10 May 24 | Edward C Cosgrove | Common Stock | Grant | Acquire A | No | No | 12.53 | 1,996 | 25.01 k | 15,500 |
10 May 24 | Baird Brent D | Common Stock | Grant | Acquire A | No | No | 12.53 | 1,996 | 25.01 k | 278,464 |