Standex International Co. (NYSE:SXI) Position Lifted by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lifted its holdings in Standex International Co. (NYSE:SXI) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,175 shares of the industrial products company’s stock after purchasing an additional 108 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Standex International were worth $503,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of Standex International during the 4th quarter worth about $26,000. Pacer Advisors Inc. acquired a new stake in Standex International in the fourth quarter worth approximately $28,000. Diversified Trust Co boosted its stake in Standex International by 5.0% during the 4th quarter. Diversified Trust Co now owns 4,086 shares of the industrial products company’s stock valued at $647,000 after purchasing an additional 195 shares in the last quarter. Swiss National Bank increased its position in shares of Standex International by 0.8% during the 3rd quarter. Swiss National Bank now owns 26,200 shares of the industrial products company’s stock valued at $3,817,000 after purchasing an additional 200 shares during the period. Finally, Personal CFO Solutions LLC raised its stake in shares of Standex International by 8.0% in the 3rd quarter. Personal CFO Solutions LLC now owns 2,772 shares of the industrial products company’s stock worth $404,000 after buying an additional 206 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors.

Standex International Trading Down 1.2 %

NYSE:SXI opened at $174.96 on Monday. The stock has a fifty day simple moving average of $174.61 and a 200 day simple moving average of $156.50. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 2.69 and a beta of 1.06. Standex International Co. has a 1-year low of $119.14 and a 1-year high of $184.18. The company has a quick ratio of 2.65, a current ratio of 3.43 and a debt-to-equity ratio of 0.24.

Standex International (NYSE:SXI) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.67 by $0.08. The company had revenue of $177.30 million during the quarter, compared to analysts’ expectations of $180.06 million. Standex International had a net margin of 10.11% and a return on equity of 13.72%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period last year, the company posted $1.65 earnings per share. Sell-side analysts forecast that Standex International Co. will post 7.23 earnings per share for the current year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, May 9th. Standex International’s dividend payout ratio (DPR) is currently 19.42%.

Insider Activity

In other 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 transaction, the chief executive officer now owns 57,332 shares in the company, valued at $10,319,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Standex International news, Director Thomas J. Hansen sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $161.04, for a total value of $354,288.00. Following the transaction, the director now owns 11,370 shares in the company, valued at approximately $1,831,024.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO David A. Dunbar sold 4,901 shares of Standex International stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total transaction of $882,180.00. Following the sale, the chief executive officer now directly owns 57,332 shares of the company’s stock, valued at approximately $10,319,760. The disclosure for this sale can be found here. Insiders sold 18,084 shares of company stock worth $2,980,448 over the last quarter. Corporate insiders own 2.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SXI. DA Davidson lifted their target price on Standex International from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. StockNews.com cut shares of Standex International from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. Finally, Benchmark reissued a “buy” rating and set a $190.00 target price on shares of Standex International in a research note on Friday.

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.