Bank of Montreal Can Boosts Stake in Standex International Co. (NYSE:SXI)

Bank of Montreal Can increased its stake in Standex International Co. (NYSE:SXI) by 11.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,851 shares of the industrial products company’s stock after acquiring an additional 191 shares during the period. Bank of Montreal Can’s holdings in Standex International were worth $346,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Standex International by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 1,418,703 shares of the industrial products company’s stock worth $265,283,000 after purchasing an additional 15,518 shares in the last quarter. Geode Capital Management LLC boosted its stake in Standex International by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 317,140 shares of the industrial products company’s stock worth $59,314,000 after buying an additional 8,923 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Standex International by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 148,895 shares of the industrial products company’s stock valued at $27,842,000 after acquiring an additional 5,012 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Standex International by 1.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 101,466 shares of the industrial products company’s stock valued at $18,973,000 after acquiring an additional 1,540 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Standex International by 65.1% during the fourth quarter. JPMorgan Chase & Co. now owns 80,031 shares of the industrial products company’s stock worth $14,965,000 after acquiring an additional 31,560 shares in the last quarter. Institutional investors own 90.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and set a $220.00 target price on shares of Standex International in a report on Friday, February 28th. StockNews.com cut Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. William Blair reissued an “outperform” rating on shares of Standex International in a research note on Tuesday, March 11th. Roth Capital upgraded Standex International to a “strong-buy” rating in a research report on Wednesday, April 9th. Finally, DA Davidson boosted their price objective on Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $231.33.

Insider Buying and Selling

In other news, CFO Ademir Sarcevic sold 2,000 shares of the business’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 transaction of $390,880.00. Following the transaction, the chief financial officer now owns 16,086 shares of the company’s stock, valued at approximately $3,143,847.84. The trade was a 11.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is currently owned by company insiders.

Standex International Stock Performance

Shares of NYSE SXI opened at $134.35 on Thursday. The firm’s fifty day moving average is $164.38 and its two-hundred day moving average is $182.51. Standex International Co. has a 52-week low of $128.85 and a 52-week high of $212.66. The company has a market cap of $1.60 billion, a P/E ratio of 29.33, a P/E/G ratio of 2.63 and a beta of 0.95. 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 (NYSE:SXI) last issued its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. As a group, analysts anticipate that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, February 14th. Standex International’s dividend payout ratio (DPR) is presently 27.95%.

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.