Cerity Partners LLC Takes $6.09 Million Position in Standex International Co. (NYSE:SXI)

Cerity Partners LLC bought a new position in shares of Standex International Co. (NYSE:SXI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 38,445 shares of the industrial products company’s stock, valued at approximately $6,089,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SXI. International Assets Investment Management LLC raised its stake in shares of Standex International by 15,740.0% during the 4th quarter. International Assets Investment Management LLC now owns 792 shares of the industrial products company’s stock valued at $125,000 after buying an additional 787 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Standex International during the fourth quarter worth about $26,000. Assenagon Asset Management S.A. purchased a new position in Standex International during the fourth quarter valued at approximately $2,222,000. Pacer Advisors Inc. acquired a new position in Standex International in the fourth quarter valued at approximately $28,000. Finally, Raymond James & Associates boosted its position in Standex International by 2.4% in the 4th quarter. Raymond James & Associates now owns 12,661 shares of the industrial products company’s stock worth $2,005,000 after purchasing an additional 301 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SXI shares. StockNews.com lowered shares of Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. DA Davidson lifted their price objective on shares of 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, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $195.00.

Standex International Stock Performance

Shares of SXI stock opened at $170.74 on Tuesday. The company has a current ratio of 3.34, a quick ratio of 2.58 and a debt-to-equity ratio of 0.24. Standex International Co. has a 12-month low of $117.24 and a 12-month high of $184.18. The business’s 50 day moving average is $171.17 and its two-hundred day moving average is $154.32. The company has a market capitalization of $2.03 billion, a P/E ratio of 14.69, a P/E/G ratio of 2.63 and a beta of 1.03.

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

Standex International Announces Dividend

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

Insider Transactions at Standex International

In related news, CEO David A. Dunbar sold 4,901 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total value of $882,180.00. Following the transaction, the chief executive officer now directly owns 57,332 shares of the company’s stock, valued at approximately $10,319,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO David A. Dunbar sold 4,901 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas J. Hansen sold 2,200 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $161.04, for a total value of $354,288.00. Following the completion of the transaction, the director now directly owns 11,370 shares of the company’s stock, valued at $1,831,024.80. The disclosure for this sale can be found here. Insiders sold 18,084 shares of company stock valued at $2,980,448 over the last 90 days. Corporate insiders own 2.63% of the company’s stock.

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.