MML Investors Services LLC Buys 190 Shares of Standex International Co. (NYSE:SXI)

MML Investors Services LLC lifted its stake in shares of Standex International Co. (NYSE:SXI – Get Rating) by 7.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,775 shares of the industrial products company’s stock after purchasing an additional 190 shares during the period. MML Investors Services LLC’s holdings in Standex International were worth $227,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SXI. Lazard Asset Management LLC bought a new stake in shares of Standex International during the 2nd quarter worth approximately $47,000. Quadrant Capital Group LLC raised its stake in shares of Standex International by 361.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 702 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 550 shares in the last quarter. UBS Group AG raised its stake in shares of Standex International by 565.8% during the 3rd quarter. UBS Group AG now owns 779 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 662 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Standex International during the 1st quarter worth approximately $69,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Standex International by 97.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,327 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 655 shares during the last quarter. Institutional investors own 86.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a “buy” rating and set a $150.00 target price on shares of Standex International in a report on Friday, February 3rd.

Insider Buying and Selling at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 846 shares of the company’s stock in a transaction on Friday, January 13th. The stock was sold at an average price of $109.38, for a total value of $92,535.48. Following the transaction, the chief financial officer now directly owns 12,275 shares of the company’s stock, valued at approximately $1,342,639.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Paul C. Burns sold 4,340 shares of the stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $116.83, for a total transaction of $507,042.20. Following the sale, the insider now directly owns 13,992 shares of the company’s stock, valued at approximately $1,634,685.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Ademir Sarcevic sold 846 shares of the stock in a transaction on Friday, January 13th. The stock was sold at an average price of $109.38, for a total value of $92,535.48. Following the sale, the chief financial officer now directly owns 12,275 shares in the company, valued at $1,342,639.50. The disclosure for this sale can be found here. Insiders have sold a total of 5,917 shares of company stock valued at $674,176 in the last ninety days. 2.28% of the stock is currently owned by corporate insiders.

Standex International Stock Down 2.8 %

SXI stock opened at $114.50 on Friday. The company has a current ratio of 3.03, a quick ratio of 2.23 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $1.37 billion, a PE ratio of 19.91 and a beta of 1.19. Standex International Co. has a 1-year low of $79.02 and a 1-year high of $121.85. The business’s 50 day simple moving average is $112.72 and its 200 day simple moving average is $101.02.

Standex International (NYSE:SXI – Get Rating) last posted its earnings results on Friday, February 3rd. The industrial products company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.04. Standex International had a return on equity of 15.04% and a net margin of 9.28%. The business had revenue of $187.80 million for the quarter, compared to analyst estimates of $184.85 million. During the same period in the previous year, the firm earned $1.45 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. As a group, research analysts anticipate that Standex International Co. will post 6.8 EPS for the current year.

Standex International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Shareholders of record on Thursday, February 9th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Wednesday, February 8th. Standex International’s dividend payout ratio is 19.48%.

Standex International Company Profile

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Standex International Corp. manufactures products and services for commercial and industrial markets. It operates through the following segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions. The Electronics segment is engaged in the manufacturing and selling of electronic components for applications throughout the end-user market spectrum.