It was the first SL transaction involving a guru since Chuck Royce (Trades, Portfolio) bought 1,800 shares in the company at the end of June. SL has an 8/10 rating on financial strength and a 9/10 ranking on profitability.
In the last decade, the company has had an annual average earnings growth of 7.90%. It has a P/E ratio of 14.5, a P/S ratio of 0.8 and a P/B ratio of 2.5. GuruFocus gave SL a business predictability ranking of 3.5 stars.
SL’s website says it “values its employees the same way it values its customers. We believe that a quality workforce creates quality businesses.“ SL is committed to its workforce; the website says the company “recognize[s] the relationship between hiring, developing and retaining our employees. We partner with them to provide benefits for our employees and their families and offer programs to help balance their work and personal lives.”
SL manufactures products such as power electronics, protection and quality, motion control and communication equipment. Its headquarters is in Mount Laurel, New Jersey. It was incorporated as G-L Electronics Company in 1956; the name was changed to G-L Industries in 1963 and, finally, to its current name in 1984.