Standex International Co. (NYSE:SXI) Shares Purchased by Martingale Asset Management L P

Martingale Asset Management L P increased its position in shares of Standex International Co. (NYSE:SXIGet Rating) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,078 shares of the industrial products company’s stock after acquiring an additional 901 shares during the quarter. Martingale Asset Management L P owned approximately 0.11% of Standex International worth $1,110,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Leeward Investments LLC MA acquired a new position in shares of Standex International in the 1st quarter valued at $16,078,000. Invesco Ltd. boosted its holdings in shares of Standex International by 187.9% in the 1st quarter. Invesco Ltd. now owns 112,634 shares of the industrial products company’s stock valued at $11,254,000 after purchasing an additional 73,508 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Standex International by 97.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 67,665 shares of the industrial products company’s stock valued at $5,736,000 after purchasing an additional 33,389 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Standex International by 207.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 44,063 shares of the industrial products company’s stock valued at $3,736,000 after purchasing an additional 29,727 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Standex International in the 1st quarter valued at $2,548,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Standex International Price Performance

SXI opened at $106.66 on Monday. The company has a 50-day moving average of $90.78 and a 200-day moving average of $90.85. The company has a market capitalization of $1.28 billion, a P/E ratio of 20.16 and a beta of 1.19. Standex International Co. has a 1-year low of $79.02 and a 1-year high of $117.16. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.21 and a current ratio of 3.09.

Standex International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th will be given a $0.28 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $1.12 annualized dividend and a dividend yield of 1.05%. This is an increase from Standex International’s previous quarterly dividend of $0.26. Standex International’s payout ratio is presently 21.17%.

Insider Transactions at Standex International

In other news, Director Thomas E. Chorman sold 1,425 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $103.74, for a total value of $147,829.50. Following the completion of the sale, the director now owns 13,264 shares of the company’s stock, valued at approximately $1,376,007.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Standex International news, CFO Ademir Sarcevic sold 800 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $104.00, for a total transaction of $83,200.00. Following the completion of the transaction, the chief financial officer now directly owns 16,775 shares of the company’s stock, valued at approximately $1,744,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas E. Chorman sold 1,425 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $103.74, for a total transaction of $147,829.50. Following the completion of the sale, the director now directly owns 13,264 shares of the company’s stock, valued at $1,376,007.36. The disclosure for this sale can be found here. Insiders own 2.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SXI. Barrington Research raised their target price on shares of Standex International from $143.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, August 8th. StockNews.com initiated coverage on shares of Standex International in a research note on Wednesday, October 12th. They set a “strong-buy” rating on the stock.

About Standex International

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Standex International Corporation, together with subsidiaries, manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.

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Institutional Ownership by Quarter for Standex International (NYSE:SXI)

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