Arizona State Retirement System Sells 82 Shares of Standex International Co. (NYSE:SXI)

Arizona State Retirement System decreased its position in Standex International Co. (NYSE:SXI) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,307 shares of the industrial products company’s stock after selling 82 shares during the quarter. Arizona State Retirement System’s holdings in Standex International were worth $524,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. grew its stake in shares of Standex International by 8.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 975 shares of the industrial products company’s stock worth $138,000 after acquiring an additional 80 shares in the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of Standex International by 3.7% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 3,067 shares of the industrial products company’s stock worth $447,000 after acquiring an additional 110 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Standex International by 7.5% in the 3rd quarter. HighTower Advisors LLC now owns 1,673 shares of the industrial products company’s stock worth $243,000 after buying an additional 116 shares during the last quarter. Legato Capital Management LLC boosted its holdings in shares of Standex International by 3.0% in the 2nd quarter. Legato Capital Management LLC now owns 4,248 shares of the industrial products company’s stock worth $601,000 after buying an additional 124 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Standex International by 1.7% in the 1st quarter. Captrust Financial Advisors now owns 8,022 shares of the industrial products company’s stock worth $802,000 after buying an additional 131 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

Insider Buying and Selling at Standex International

In other Standex International news, CEO David A. Dunbar sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were 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 of the company’s stock, valued at $10,268,445. The transaction was disclosed in a legal filing with the SEC, which is available 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 dated Thursday, February 15th. The shares were 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 of the company’s stock, valued at $10,268,445. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Barbara Joanne Edwards sold 1,661 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $152.19, for a total transaction of $252,787.59. Following the sale, the director now directly owns 4,811 shares in the company, valued at $732,186.09. The disclosure for this sale can be found here. Insiders have sold a total of 18,084 shares of company stock valued at $2,980,448 over the last three months. 2.28% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Standex International Price Performance

Shares of NYSE:SXI opened at $167.54 on Friday. The company has a market capitalization of $1.99 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.03. Standex International Co. has a fifty-two week low of $117.24 and a fifty-two week high of $184.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.58 and a current ratio of 3.34. The company’s 50-day moving average is $172.35 and its 200 day moving average is $154.80.

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

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Monday, February 12th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.72%. The ex-dividend date was Friday, February 9th. Standex International’s dividend payout ratio (DPR) is presently 10.33%.

Standex International 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.