Arizona State Retirement System Raises Holdings in Standex International Co. (NYSE:SXI)

Arizona State Retirement System grew its position in shares of Standex International Co. (NYSE:SXI – Get Rating) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,376 shares of the industrial products company’s stock after buying an additional 96 shares during the period. Arizona State Retirement System’s holdings in Standex International were worth $346,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System purchased a new stake in shares of Standex International in the 4th quarter valued at about $231,000. Envestnet Asset Management Inc. raised its holdings in shares of Standex International by 2.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 59,959 shares of the industrial products company’s stock valued at $6,140,000 after acquiring an additional 1,514 shares in the last quarter. Burney Co. purchased a new stake in shares of Standex International in the 4th quarter valued at about $203,000. Synovus Financial Corp raised its holdings in shares of Standex International by 2.0% in the 4th quarter. Synovus Financial Corp now owns 4,832 shares of the industrial products company’s stock valued at $495,000 after acquiring an additional 97 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Standex International by 11.3% during the 4th quarter. SG Americas Securities LLC now owns 5,207 shares of the industrial products company’s stock valued at $533,000 after buying an additional 528 shares in the last quarter. 86.70% of the stock is currently owned by institutional investors.

Insider Activity at Standex International

In related news, CEO David A. Dunbar sold 12,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $135.00, for a total transaction of $1,620,000.00. Following the completion of the sale, the chief executive officer now owns 3,637 shares in the company, valued at $490,995. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Standex International news, CEO David A. Dunbar sold 8,000 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $130.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the chief executive officer now owns 15,637 shares of the company’s stock, valued at $2,032,810. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David A. Dunbar sold 12,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $135.00, for a total value of $1,620,000.00. Following the sale, the chief executive officer now directly owns 3,637 shares of the company’s stock, valued at approximately $490,995. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,000 shares of company stock worth $3,262,900. 2.28% of the stock is owned by insiders.

Standex International Stock Down 1.3 %

Shares of NYSE:SXI opened at $139.72 on Monday. The stock has a fifty day simple moving average of $122.82 and a two-hundred day simple moving average of $113.52. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 2.37 and a beta of 1.19. Standex International Co. has a 12-month low of $79.02 and a 12-month high of $143.09. The company has a current ratio of 3.53, a quick ratio of 2.73 and a debt-to-equity ratio of 0.29.

Standex International (NYSE:SXI – Get Rating) last posted its quarterly earnings results on Friday, May 5th. The industrial products company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.08. Standex International had a return on equity of 14.67% and a net margin of 17.91%. The firm had revenue of $184.30 million during the quarter, compared to analysts’ expectations of $178.09 million. During the same quarter in the previous year, the business earned $1.54 earnings per share. The company’s revenue was down 2.6% on a year-over-year basis. On average, research analysts anticipate that Standex International Co. will post 6.65 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 25th. Investors of record on Wednesday, May 10th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Tuesday, May 9th. Standex International’s dividend payout ratio (DPR) is presently 10.10%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SXI. Benchmark restated a “buy” rating and set a $150.00 price target on shares of Standex International in a research report on Friday, February 3rd. StockNews.com began coverage on Standex International in a research report on Thursday. They issued a “strong-buy” rating on the stock. Finally, Barrington Research restated an “outperform” rating on shares of Standex International in a research report on Tuesday, May 2nd.

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.