6,000 Shares in Standex International Co. (NYSE:SXI) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of Standex International Co. (NYSE:SXI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,000 shares of the industrial products company’s stock, valued at approximately $950,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. increased its stake in Standex International by 3.7% during the third 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 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. Pacer Advisors Inc. acquired a new stake in Standex International during the fourth quarter worth about $28,000. Diversified Trust Co grew its stake in shares of Standex International by 5.0% in the fourth quarter. Diversified Trust Co now owns 4,086 shares of the industrial products company’s stock valued at $647,000 after buying an additional 195 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Standex International by 0.8% in the third quarter. Swiss National Bank now owns 26,200 shares of the industrial products company’s stock valued at $3,817,000 after buying an additional 200 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Standex International news, CEO David A. Dunbar sold 4,901 shares of the 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 transaction, the chief executive officer now owns 57,332 shares of the company’s stock, valued at approximately $10,319,760. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Standex International news, CEO David A. Dunbar sold 4,901 shares of the 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 transaction, the chief executive officer now owns 57,332 shares of the company’s stock, valued at approximately $10,319,760. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David A. Dunbar sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $165.00, for a total value of $825,000.00. Following the transaction, the chief executive officer now directly owns 62,233 shares in the company, valued at approximately $10,268,445. 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 in the last quarter. Insiders own 2.28% of the company’s stock.

Standex International Trading Up 0.2 %

Shares of SXI opened at $171.74 on Friday. The company has a market capitalization of $2.04 billion, a P/E ratio of 14.78, a P/E/G ratio of 2.65 and a beta of 1.03. Standex International Co. has a one year low of $117.24 and a one year 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 stock has a 50-day moving average price of $173.06 and a 200 day moving average price of $155.29.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Friday, February 2nd. The industrial products company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The firm had revenue of $178.40 million during the quarter, compared to the consensus estimate of $180.25 million. Standex International had a return on equity of 13.63% and a net margin of 18.80%. Standex International’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.74 earnings per share. Sell-side analysts forecast 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 will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.70%. Standex International’s dividend payout ratio is currently 10.33%.

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.