Yousif Capital Management LLC Acquires 282 Shares of Standex International Co. (NYSE:SXI)

Yousif Capital Management LLC lifted its holdings in shares of Standex International Co. (NYSE:SXI) by 4.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,154 shares of the industrial products company’s stock after purchasing an additional 282 shares during the period. Yousif Capital Management LLC’s holdings in Standex International were worth $975,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB grew its holdings in shares of Standex International by 3.4% during the 4th quarter. Handelsbanken Fonder AB now owns 152,700 shares of the industrial products company’s stock worth $24,185,000 after acquiring an additional 5,000 shares during the period. Trexquant Investment LP purchased a new position in Standex International during the third quarter valued at $1,690,000. Qube Research & Technologies Ltd boosted its stake in Standex International by 267.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 27,102 shares of the industrial products company’s stock worth $3,948,000 after purchasing an additional 19,724 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Standex International by 37.3% in the third quarter. Envestnet Asset Management Inc. now owns 80,305 shares of the industrial products company’s stock worth $11,700,000 after buying an additional 21,831 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC lifted its position in Standex International by 99.2% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 42,532 shares of the industrial products company’s stock valued at $6,736,000 after acquiring an additional 21,182 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. DA Davidson boosted their price target on Standex International from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Benchmark restated a “buy” rating and set a $190.00 target price on shares of Standex International in a research note on Friday. Finally, StockNews.com lowered shares of Standex International from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th.

Insider Transactions at Standex International

In related news, CEO David A. Dunbar sold 5,000 shares of Standex International stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $165.00, for a total transaction of $825,000.00. Following the transaction, the chief executive officer now directly owns 62,233 shares in the company, valued at $10,268,445. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 that occurred on Thursday, February 15th. The shares were sold at an average price of $165.00, for a total value of $825,000.00. Following the completion of the transaction, the chief executive officer now directly owns 62,233 shares in the company, valued at $10,268,445. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Barbara Joanne Edwards sold 1,661 shares of the firm’s stock in a transaction 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 owns 4,811 shares in the company, valued at $732,186.09. The disclosure for this sale can be found here. Insiders sold 18,084 shares of company stock worth $2,980,448 in the last three months. Corporate insiders own 2.28% of the company’s stock.

Standex International Stock Performance

Shares of SXI opened at $174.96 on Friday. Standex International Co. has a one year low of $119.14 and a one year high of $184.18. The business has a fifty day moving average of $174.61 and a 200 day moving average of $156.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.34 and a quick ratio of 2.58. The firm has a market capitalization of $2.08 billion, a P/E ratio of 28.31, a PEG ratio of 2.69 and a beta of 1.06.

Standex International (NYSE:SXI) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.67 by $0.08. The firm had revenue of $177.30 million during the quarter, compared to analyst estimates of $180.06 million. Standex International had a net margin of 10.11% and a return on equity of 13.79%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.65 EPS. As a group, sell-side analysts anticipate that Standex International Co. will post 7.23 EPS for the current year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Thursday, May 9th. Standex International’s payout ratio is 19.42%.

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.