Standex International Co. (NYSE:SXI) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in shares of Standex International Co. (NYSE:SXI) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,390 shares of the industrial products company’s stock after selling 81 shares during the period. The Manufacturers Life Insurance Company owned 0.05% of Standex International worth $1,168,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its position in shares of Standex International by 14.4% in the third quarter. Cerity Partners LLC now owns 7,642 shares of the industrial products company’s stock worth $1,397,000 after buying an additional 963 shares during the period. Raymond James Trust N.A. grew its stake in shares of Standex International by 7.9% during the third quarter. Raymond James Trust N.A. now owns 4,740 shares of the industrial products company’s stock valued at $866,000 after acquiring an additional 347 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Standex International by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock worth $26,299,000 after acquiring an additional 3,844 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Standex International by 27.5% in the third quarter. Intech Investment Management LLC now owns 1,997 shares of the industrial products company’s stock worth $365,000 after acquiring an additional 431 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Standex International by 15.0% in the third quarter. Advisors Asset Management Inc. now owns 10,647 shares of the industrial products company’s stock valued at $1,946,000 after purchasing an additional 1,392 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Trading Up 1.3 %

NYSE:SXI opened at $209.53 on Thursday. The stock has a market cap of $2.53 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 2.89 and a beta of 1.05. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83. The stock’s 50-day moving average is $193.47 and its two-hundred day moving average is $178.92. Standex International Co. has a fifty-two week low of $139.61 and a fifty-two week high of $212.65.

Standex International (NYSE:SXI) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.66 by $0.05. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The company had revenue of $170.50 million during the quarter, compared to the consensus estimate of $178.94 million. During the same period in the previous year, the firm posted $1.74 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, equities research analysts forecast that Standex International Co. will post 7.84 earnings per share for the current fiscal year.

Standex International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.32 per share. The ex-dividend date was Friday, November 8th. This represents a $1.28 dividend on an annualized basis and a yield of 0.61%. This is a positive change from Standex International’s previous quarterly dividend of $0.30. Standex International’s payout ratio is 20.98%.

Insider Activity

In other Standex International news, Director Thomas J. Hansen sold 1,661 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $210.41, for a total value of $349,491.01. Following the completion of the sale, the director now owns 11,431 shares in the company, valued at approximately $2,405,196.71. This trade represents a 12.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ademir Sarcevic sold 3,800 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $181.64, for a total value of $690,232.00. Following the transaction, the chief financial officer now directly owns 19,686 shares in the company, valued at approximately $3,575,765.04. This represents a 16.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,061 shares of company stock valued at $1,359,419. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

SXI has been the topic of several research analyst reports. Barrington Research restated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research note on Wednesday, October 30th. Benchmark boosted their price objective on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, StockNews.com raised Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th.

Standex International Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of 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.