Strs Ohio Sells 100 Shares of Standex International Co. (NYSE:SXI)

Strs Ohio lessened its position in shares of Standex International Co. (NYSE:SXI) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,700 shares of the industrial products company’s stock after selling 100 shares during the period. Strs Ohio’s holdings in Standex International were worth $902,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cerity Partners LLC bought a new position in Standex International during the fourth quarter worth about $6,089,000. Handelsbanken Fonder AB grew its position in shares of Standex International by 20.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 147,700 shares of the industrial products company’s stock worth $21,518,000 after purchasing an additional 25,000 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Standex International by 37.3% during the third quarter. Envestnet Asset Management Inc. now owns 80,305 shares of the industrial products company’s stock worth $11,700,000 after purchasing an additional 21,831 shares during the period. Qube Research & Technologies Ltd raised its position in shares of Standex International by 267.3% in the third quarter. Qube Research & Technologies Ltd now owns 27,102 shares of the industrial products company’s stock valued at $3,948,000 after buying an additional 19,724 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Standex International in the fourth quarter valued at approximately $2,222,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Wall Street Analyst Weigh In

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

Standex International Stock Performance

NYSE:SXI opened at $171.37 on Thursday. The company has a quick ratio of 2.58, a current ratio of 3.34 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $2.03 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 2.65 and a beta of 1.03. Standex International Co. has a twelve month low of $117.24 and a twelve month high of $184.18. The stock’s 50-day simple moving average is $172.86 and its 200 day simple moving average is $155.18.

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. The company 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 firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company posted $1.74 EPS. On average, analysts anticipate that Standex International Co. will post 7.23 EPS for the current fiscal year.

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Monday, February 12th were issued a dividend of $0.30 per share. 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 presently 10.33%.

Insider Activity

In other Standex International news, Director Barbara Joanne Edwards sold 1,661 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $152.19, for a total value of $252,787.59. Following the completion of the transaction, the director now owns 4,811 shares of the company’s stock, valued at approximately $732,186.09. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Standex International news, Director Barbara Joanne Edwards sold 1,661 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $732,186.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David A. Dunbar sold 4,901 shares of Standex International 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 transaction, the chief executive officer now owns 57,332 shares in the company, valued at approximately $10,319,760. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,084 shares of company stock worth $2,980,448. Insiders own 2.28% 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.