Position signaling device, especially for industrial sewing machines, having a rotatably mounted slotted wheel which can be coupled with a drive shaft of the machine and which has a plurality of equally wide and equidistantly disposed slots and lands forming a first circular track, the width of each slot being defined by circumferentially opposed edges, and first and second fixed slotted masks disposed in back of the slotted wheel in the axial direction, offset from one another circumferentially by a defined angle, and aligned with the first track parallel to said axis, each comprising slots and lands corresponding to the division of the slotted wheel, and having a first light emitter and a first light receiver associated with said first mask and a second emitter and a second receiver associated with said second mask, an emitter being located on one side of each mask and a receiver being located on the other side of the wheel from said mask, a first electronic evaluating system for determining the rotatory speed and the angle of rotation according to the number of counted light pulses caused by the slots, and for determining the direction of rotation according to the phase shift of the signals on the basis of the angular offset of the slotted masks, characterized in that the slotted wheel (3) has a second plurality of slots (7) forming a second circular track, which are offset radially from the first track (6), the slots (7) of the second track (8) having slot widths (W.sub.i) differing in the circumferential direction, and a third light emitter (11c) and a third light receiver (12c) being provided for the second track (8), while during the pulse duration (window width) of the third receiver (12c) corresponding to a particular slot width (W.sub.i) a second electronic evaluation system (28) connected to the first (14) is connected to the output of the third light receiver (12c) to count the light pulses or light pulse flanks of the first or second receiver (12a or 12b) for the identification of the corresponding slot (7.sub.i) of the second track and thus the angular position of the slotted wheel.