New York State Teachers Retirement System Has $4.08 Million Holdings in Standex International Co. (NYSE:SXI)

New York State Teachers Retirement System lessened its holdings in shares of Standex International Co. (NYSE:SXI) by 1.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,775 shares of the industrial products company’s stock after selling 500 shares during the quarter. New York State Teachers Retirement System’s holdings in Standex International were worth $4,082,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SXI. Ameritas Investment Partners Inc. grew its position in shares of Standex International by 8.9% in the second quarter. Ameritas Investment Partners Inc. now owns 975 shares of the industrial products company’s stock valued at $138,000 after purchasing an additional 80 shares during the last quarter. Atria Wealth Solutions Inc. grew its position in shares of Standex International by 3.7% in the third quarter. Atria Wealth Solutions Inc. now owns 3,067 shares of the industrial products company’s stock valued at $447,000 after purchasing an additional 110 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Standex International by 7.5% in the third quarter. HighTower Advisors LLC now owns 1,673 shares of the industrial products company’s stock valued at $243,000 after purchasing an additional 116 shares during the last quarter. Legato Capital Management LLC grew its position in shares of Standex International by 3.0% in the second quarter. Legato Capital Management LLC now owns 4,248 shares of the industrial products company’s stock valued at $601,000 after purchasing an additional 124 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Standex International by 1.7% in the first quarter. Captrust Financial Advisors now owns 8,022 shares of the industrial products company’s stock valued at $802,000 after purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insiders Place Their Bets

In other Standex International news, CEO David A. Dunbar sold 4,901 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $180.00, for a total transaction of $882,180.00. Following the completion of the sale, the chief executive officer now directly owns 57,332 shares in the company, valued at $10,319,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Standex International news, CEO David A. Dunbar sold 5,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $165.00, for a total transaction of $825,000.00. Following the completion of the sale, the chief executive officer now directly owns 62,233 shares in the company, valued at $10,268,445. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David A. Dunbar sold 4,901 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $180.00, for a total value of $882,180.00. Following the sale, the chief executive officer now owns 57,332 shares of the company’s stock, valued at $10,319,760. The disclosure for this sale can be found here. Insiders sold 18,084 shares of company stock worth $2,980,448 over the last three months. Insiders own 2.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SXI. StockNews.com downgraded Standex International from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 5th. DA Davidson boosted their price target on Standex International from $165.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $195.00.

Standex International Trading Down 0.6 %

Shares of SXI stock opened at $171.45 on Monday. The company has a current ratio of 3.34, a quick ratio of 2.58 and a debt-to-equity ratio of 0.24. The stock has a market cap of $2.04 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03. The stock has a 50 day simple moving average of $170.74 and a 200 day simple moving average of $154.16. Standex International Co. has a 1 year low of $117.24 and a 1 year high of $184.18.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Friday, February 2nd. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. The business had revenue of $178.40 million during the quarter, compared to analysts’ expectations of $180.25 million. Standex International had a return on equity of 13.63% and a net margin of 18.80%. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 earnings per share. On average, research analysts predict that Standex International Co. will post 7.23 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Monday, February 12th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Friday, February 9th. Standex International’s payout ratio is presently 10.33%.

About Standex International

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.