LPL Financial LLC Raises Holdings in Standex International Co. (NYSE:SXI)

LPL Financial LLC grew its holdings in Standex International Co. (NYSE:SXI) by 21.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,807 shares of the industrial products company’s stock after purchasing an additional 853 shares during the quarter. LPL Financial LLC’s holdings in Standex International were worth $899,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SXI. Versant Capital Management Inc increased its position in Standex International by 27.0% during the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 64 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Standex International by 183.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 330 shares during the period. KBC Group NV lifted its stake in Standex International by 45.7% during the 4th quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 172 shares in the last quarter. Hanson & Doremus Investment Management lifted its holdings in Standex International by 117.4% during the 4th quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company’s stock worth $173,000 after buying an additional 500 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC acquired a new position in Standex International during the 4th quarter worth $201,000. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Ademir Sarcevic sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the sale, the chief financial officer now owns 16,086 shares of the company’s stock, valued at approximately $3,143,847.84. This represents a 11.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SXI has been the subject of several recent analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research report on Friday, February 28th. Roth Capital upgraded shares of Standex International to a “strong-buy” rating in a research report on Wednesday, April 9th. William Blair reaffirmed an “outperform” rating on shares of Standex International in a research report on Tuesday, March 11th. StockNews.com lowered shares of Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, DA Davidson lifted their target price on Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $231.33.

Standex International Trading Down 0.1 %

Shares of Standex International stock opened at $135.66 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37. Standex International Co. has a 1 year low of $130.05 and a 1 year high of $212.66. The company’s fifty day moving average is $167.80 and its two-hundred day moving average is $183.55. The company has a market capitalization of $1.61 billion, a P/E ratio of 29.62, a PEG ratio of 2.63 and a beta of 0.95.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. Analysts forecast that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.32 per share. The ex-dividend date was Friday, February 14th. This represents a $1.28 annualized dividend and a dividend yield of 0.94%. Standex International’s payout ratio is currently 27.95%.

Standex International Company 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.