International Assets Investment Management LLC Raises Position in Standex International Co. (NYSE:SXI)

International Assets Investment Management LLC boosted its holdings in Standex International Co. (NYSE:SXI) by 15,740.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 792 shares of the industrial products company’s stock after purchasing an additional 787 shares during the period. International Assets Investment Management LLC’s holdings in Standex International were worth $125,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of Standex International in the 4th quarter valued at about $26,000. Pacer Advisors Inc. bought a new position in shares of Standex International in the fourth quarter worth approximately $28,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Standex International in the third quarter worth $203,000. AE Wealth Management LLC bought a new stake in Standex International during the 3rd quarter valued at $230,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Standex International during the 3rd quarter valued at $249,000. 90.35% of the stock is owned by institutional investors.

Standex International Stock Up 2.0 %

Shares of NYSE SXI opened at $176.21 on Tuesday. The firm has a fifty day simple moving average of $173.63 and a two-hundred day simple moving average of $155.77. The firm has a market capitalization of $2.09 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 2.66 and a beta of 1.03. 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 $119.14 and a 12 month high of $184.18.

Standex International (NYSE:SXI) last released its quarterly earnings results on Friday, February 2nd. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The company had revenue of $178.40 million during 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%. Standex International’s revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 earnings per share. Equities analysts expect that Standex International Co. will post 7.23 earnings per share for the current year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.20 annualized dividend and a yield of 0.68%. Standex International’s payout ratio is 10.33%.

Analysts Set New Price Targets

Several equities analysts have recently commented on SXI shares. DA Davidson upped their price objective on shares of 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 report on Monday, February 5th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Standex International currently has an average rating of “Buy” and a consensus price target of $195.00.

Insiders Place Their Bets

In other news, VP Alan J. Glass sold 1,619 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $152.92, for a total transaction of $247,577.48. Following the sale, the vice president now owns 19,224 shares in the company, valued at approximately $2,939,734.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Standex International news, 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 completion of the transaction, the chief executive officer now 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 this link. Also, VP Alan J. Glass sold 1,619 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $152.92, for a total value of $247,577.48. Following the completion of the sale, the vice president now directly owns 19,224 shares in the company, valued at $2,939,734.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,084 shares of company stock worth $2,980,448. 2.63% of the stock is owned by corporate insiders.

About Standex International

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.