PNC Financial Services Group Inc. Sells 84 Shares of Standex International Co. (NYSE:SXI)

PNC Financial Services Group Inc. cut its position in shares of Standex International Co. (NYSE:SXIFree Report) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,074 shares of the industrial products company’s stock after selling 84 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Standex International were worth $328,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Standex International during the 4th quarter valued at about $26,000. Principal Securities Inc. bought a new position in shares of Standex International during the 4th quarter valued at about $26,000. Pacer Advisors Inc. bought a new position in shares of Standex International during the 4th quarter valued at about $28,000. SRS Capital Advisors Inc. increased its position in shares of Standex International by 341.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 322 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 249 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Standex International by 15,740.0% during the 4th quarter. International Assets Investment Management LLC now owns 792 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 787 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Charles H. Cannon, Jr. sold 2,460 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.02, for a total transaction of $437,929.20. Following the completion of the transaction, the director now owns 862 shares of the company’s stock, valued at approximately $153,453.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.63% of the stock is currently owned by company insiders.

Standex International Trading Down 2.2 %

SXI opened at $162.23 on Wednesday. The stock has a market cap of $1.90 billion, a PE ratio of 26.25, a PEG ratio of 2.63 and a beta of 1.07. The company has a quick ratio of 2.65, a current ratio of 3.43 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average of $172.17 and a 200-day moving average of $161.30. Standex International Co. has a 52 week low of $130.04 and a 52 week high of $184.18.

Standex International (NYSE:SXIGet Free Report) last released its earnings results on Thursday, May 2nd. The industrial products company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 13.72% and a net margin of 10.11%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 EPS. Equities research analysts predict that Standex International Co. will post 7.1 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Thursday, May 9th. Standex International’s payout ratio is presently 19.42%.

Wall Street Analysts Forecast Growth

SXI has been the topic of several recent research reports. DA Davidson increased their price objective on Standex International from $200.00 to $203.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Barrington Research restated an “outperform” rating and set a $180.00 target price on shares of Standex International in a report on Tuesday, May 28th. Finally, Benchmark restated a “buy” rating and set a $190.00 target price on shares of Standex International in a report on Friday, May 3rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $191.00.

Get Our Latest Report on SXI

Standex International Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Standex International (NYSE:SXI)

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