New York State Common Retirement Fund Acquires 1,097 Shares of Standex International Co. (NYSE:SXI)

New York State Common Retirement Fund raised its holdings in shares of Standex International Co. (NYSE:SXI) by 9.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,689 shares of the industrial products company’s stock after acquiring an additional 1,097 shares during the period. New York State Common Retirement Fund’s holdings in Standex International were worth $2,010,000 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 purchased a new stake in Standex International during 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. International Assets Investment Management LLC increased its stake in shares of Standex International by 15,740.0% in the fourth quarter. International Assets Investment Management LLC now owns 792 shares of the industrial products company’s stock worth $125,000 after buying an additional 787 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in Standex International during the 3rd quarter valued at $203,000. 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.

Analysts Set New Price Targets

SXI has been the topic of a number of analyst reports. DA Davidson boosted their price objective on shares of Standex International from $200.00 to $203.00 and gave the company a “buy” rating in a research report on Tuesday. Benchmark reaffirmed a “buy” rating and set a $190.00 price target on shares of Standex International in a research report on Friday, May 3rd. Barrington Research reiterated an “outperform” rating and issued a $180.00 price objective on shares of Standex International in a report on Monday. Finally, StockNews.com cut 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, Standex International currently has a consensus rating of “Buy” and an average target price of $191.00.

Insider Activity

In related news, CFO Ademir Sarcevic sold 2,428 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $154.31, for a total value of $374,664.68. Following the completion of the transaction, the chief financial officer now directly owns 12,071 shares in the company, valued at approximately $1,862,676.01. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Ademir Sarcevic sold 2,428 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $154.31, for a total value of $374,664.68. Following the sale, the chief financial officer now owns 12,071 shares in the company, valued at approximately $1,862,676.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David A. Dunbar sold 4,901 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total value of $882,180.00. Following the transaction, 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. In the last 90 days, insiders have sold 16,423 shares of company stock worth $2,727,661. Corporate insiders own 2.63% of the company’s stock.

Standex International Price Performance

SXI stock opened at $173.07 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.43 and a quick ratio of 2.65. Standex International Co. has a 1 year low of $130.04 and a 1 year high of $184.18. The firm has a 50-day moving average of $174.74 and a 200 day moving average of $156.95. The company has a market cap of $2.05 billion, a P/E ratio of 28.00, a PEG ratio of 2.69 and a beta of 1.06.

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

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given 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 is currently 19.42%.

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.