Standex International Co. (NYSE:SXI) Shares Bought by Deutsche Bank AG

Deutsche Bank AG increased its stake in shares of Standex International Co. (NYSE:SXI) by 46.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,364 shares of the industrial products company’s stock after purchasing an additional 3,289 shares during the quarter. Deutsche Bank AG owned 0.09% of Standex International worth $1,938,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its holdings in Standex International by 183.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 330 shares during the last quarter. KBC Group NV boosted its position in shares of Standex International by 45.7% in the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 172 shares during the last quarter. Hanson & Doremus Investment Management boosted its position in shares of Standex International by 117.4% in the fourth quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company’s stock worth $173,000 after acquiring an additional 500 shares during the last quarter. Bryn Mawr Capital Management LLC purchased a new stake in Standex International during the fourth quarter valued at about $201,000. Finally, Cibc World Markets Corp purchased a new stake in Standex International during the fourth quarter valued at about $203,000. 90.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SXI. Roth Capital upgraded Standex International to a “strong-buy” rating in a report on Wednesday, April 9th. DA Davidson lowered their target price on shares of Standex International from $207.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Barrington Research reiterated an “outperform” rating and set a $220.00 price target on shares of Standex International in a research report on Friday, May 2nd. William Blair reiterated an “outperform” rating on shares of Standex International in a research report on Tuesday, March 11th. Finally, Wall Street Zen cut shares of Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $223.33.

Standex International Price Performance

SXI stock opened at $145.88 on Friday. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. Standex International Co. has a one year low of $128.85 and a one year high of $212.66. The firm has a market capitalization of $1.76 billion, a PE ratio of 31.85, a P/E/G ratio of 2.63 and a beta of 1.08. The firm has a 50-day moving average of $149.95 and a two-hundred day moving average of $178.14.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.03. Standex International had a net margin of 7.59% and a return on equity of 13.28%. The firm had revenue of $207.78 million for the quarter, compared to the consensus estimate of $203.71 million. During the same period in the previous year, the firm posted $1.75 earnings per share. The firm’s revenue was up 17.2% on a year-over-year basis. On average, analysts forecast that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, May 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.88%. Standex International’s dividend payout ratio is currently 25.30%.

Insider Buying and Selling

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of the company’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total transaction of $55,426.15. Following the completion of the sale, the director now directly owns 5,259 shares in the company, valued at $821,087.67. This represents a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.10% of the company’s stock.

About Standex International

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.