Standex International Co. (NYSE:SXI) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of Standex International Co. (NYSE:SXI) by 26.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 105,017 shares of the industrial products company’s stock after selling 37,083 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Standex International were worth $16,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. increased its position in Standex International by 8.9% during the second quarter. Ameritas Investment Partners Inc. now owns 975 shares of the industrial products company’s stock worth $138,000 after buying an additional 80 shares during the period. Atria Wealth Solutions Inc. increased its holdings 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 period. HighTower Advisors LLC increased its holdings 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 period. Legato Capital Management LLC increased its holdings 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 period. Finally, Captrust Financial Advisors increased its holdings 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 period. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Stock Down 0.6 %

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

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

Standex International Announces Dividend

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

Wall Street Analyst Weigh In

SXI has been the topic of a number of recent research reports. StockNews.com lowered Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. DA Davidson boosted their target price on Standex International from $165.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $195.00.

Insider Activity at Standex International

In related news, Director Thomas J. Hansen sold 2,200 shares of Standex International stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $161.04, for a total value of $354,288.00. Following the sale, the director now directly owns 11,370 shares in the company, valued at $1,831,024.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Standex International news, CEO David A. Dunbar sold 5,000 shares of the business’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 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 document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Hansen sold 2,200 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $161.04, for a total value of $354,288.00. Following the sale, the director now owns 11,370 shares in the company, valued at $1,831,024.80. The disclosure for this sale can be found here. Insiders have sold a total of 18,084 shares of company stock worth $2,980,448 over the last three months. 2.63% of the stock is currently owned by corporate insiders.

Standex International Company Profile

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.