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In recent filings with the Securities and Exchange Commission, Embecta Corp. (NASDAQ:EMBC) Director Morris Milton Mayo reported a series of transactions involving the company's common stock. On February 12, 2025, Mayo acquired 13,839 shares of Embecta stock at no cost, a transaction often associated with stock awards or dividends. This acquisition increased his total holdings to 39,233.389 shares. The company currently offers an attractive 4.04% dividend yield, and according to InvestingPro data, maintains strong liquidity with assets exceeding short-term obligations.
The following day, on February 13, Mayo sold 3,100 shares at a weighted average price of $16.3816, resulting in total proceeds of $50,782. Post-sale, Mayo's holdings decreased to 36,133.389 shares. The sale price ranged between $16.30 and $16.515 per share. The stock has since declined to $14.85, with InvestingPro analysis indicating the shares are currently in oversold territory.
These transactions provide insight into the trading activities of Embecta's leadership, which can be of interest to investors monitoring insider activity. With the stock down 28.09% year-to-date, investors seeking deeper analysis can access comprehensive valuation metrics and 10+ additional real-time insights through InvestingPro's detailed research reports.
In other recent news, Embecta Corp. has seen a series of significant developments. The company's fiscal fourth quarter and full year 2024 results exceeded initial projections, with a constant currency compounded annual adjusted revenue growth of 1.3% and an adjusted EBITDA margin of 31.4%. However, the company announced the discontinuation of its insulin patch pump program due to high investment costs and competitive pressures.
In addition to these financial updates, Embecta Corp. held its Annual Meeting of Stockholders, resulting in the election of Class III directors and the ratification of Ernst & Young LLP as its independent auditor. The company also announced the appointment of Anthony Roth as Vice President, Chief Accounting Officer, and Corporate Controller.
Moreover, the company received an upgrade from Neutral to Buy by BTIG, reflecting confidence in Embecta's strategic focus and global footprint. These are among the recent developments at Embecta Corp., as the company continues to navigate through its industry challenges and strategic growth.
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