Texas Permanent School Fund Sells 134 Shares of Standex International Co. (NYSE:SXI)

Texas Permanent School Fund reduced its stake in Standex International Co. (NYSE:SXI – Get Rating) by 1.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,609 shares of the industrial products company’s stock after selling 134 shares during the period. Texas Permanent School Fund owned 0.07% of Standex International worth $703,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new position in Standex International in the 2nd quarter worth about $47,000. Quantbot Technologies LP purchased a new stake in shares of Standex International in the 1st quarter worth approximately $69,000. KBC Group NV purchased a new stake in shares of Standex International in the 2nd quarter worth approximately $83,000. First Horizon Advisors Inc. lifted its position in shares of Standex International by 1,607.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,161 shares of the industrial products company’s stock worth $98,000 after purchasing an additional 1,093 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of Standex International by 136.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,378 shares of the industrial products company’s stock worth $138,000 after purchasing an additional 796 shares during the period. 86.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Standex International in a research report on Wednesday, October 12th. They issued a “strong-buy” rating for the company.

Insiders Place Their Bets

In other Standex International news, CFO Ademir Sarcevic sold 731 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $102.05, for a total value of $74,598.55. Following the completion of the transaction, the chief financial officer now owns 13,275 shares of the company’s stock, valued at $1,354,713.75. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Thomas E. Chorman sold 1,425 shares of the stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $103.74, for a total value of $147,829.50. Following the sale, the director now owns 13,264 shares in the company, valued at $1,376,007.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ademir Sarcevic sold 731 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $102.05, for a total transaction of $74,598.55. Following the completion of the sale, the chief financial officer now owns 13,275 shares in the company, valued at approximately $1,354,713.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,260 shares of company stock valued at $337,469. Insiders own 2.28% of the company’s stock.

Standex International Trading Up 1.0 %

NYSE:SXI opened at $109.75 on Friday. Standex International Co. has a 52 week low of $79.02 and a 52 week high of $109.88. The firm has a 50 day moving average of $103.80 and a 200 day moving average of $94.36. The company has a quick ratio of 2.21, a current ratio of 3.09 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 20.75 and a beta of 1.17.

Standex International (NYSE:SXI – Get Rating) last posted its earnings results on Thursday, November 3rd. The industrial products company reported $1.60 EPS for the quarter, meeting analysts’ consensus estimates of $1.60. Standex International had a net margin of 8.62% and a return on equity of 14.48%. The company had revenue of $180.60 million during the quarter, compared to analysts’ expectations of $188.10 million. As a group, sell-side analysts anticipate that Standex International Co. will post 6.85 earnings per share for the current fiscal year.

Standex International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 9th were issued a $0.28 dividend. The ex-dividend date was Tuesday, November 8th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.02%. This is a boost from Standex International’s previous quarterly dividend of $0.26. Standex International’s dividend payout ratio (DPR) is currently 21.17%.

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.