Cetera Investment Advisers Grows Stock Holdings in Standex International Co. (NYSE:SXI)

Cetera Investment Advisers grew its position in shares of Standex International Co. (NYSE:SXI) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,887 shares of the industrial products company’s stock after purchasing an additional 168 shares during the period. Cetera Investment Advisers’ holdings in Standex International were worth $727,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SXI. Smartleaf Asset Management LLC lifted its position in Standex International by 183.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock worth $96,000 after buying an additional 330 shares during the last quarter. KBC Group NV raised its stake in shares of Standex International by 45.7% during 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 in the last quarter. Hanson & Doremus Investment Management raised its stake in shares of Standex International by 117.4% during 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 in the last quarter. Bryn Mawr Capital Management LLC bought a new stake in shares of Standex International in the 4th quarter worth approximately $201,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Standex International in the 4th quarter valued at $203,000. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SXI has been the subject of several recent research reports. Roth Capital raised shares of Standex International to a “strong-buy” rating in a research note on Wednesday, April 9th. William Blair reissued an “outperform” rating on shares of Standex International in a research note on Tuesday, March 11th. Wall Street Zen cut Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. DA Davidson decreased their price target on Standex International from $207.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Standex International has a consensus rating of “Buy” and a consensus price target of $223.33.

Insider Activity

In other news, Director Barbara Joanne Edwards sold 355 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total value of $55,426.15. Following the sale, the director now directly owns 5,259 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this link. Company insiders own 2.10% of the company’s stock.

Standex International Trading Down 1.0%

NYSE SXI opened at $145.88 on Monday. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. 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 stock’s 50 day moving average is $149.95 and its 200 day moving average is $177.75. Standex International Co. has a twelve month low of $128.85 and a twelve month high of $212.66.

Standex International (NYSE:SXI) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, topping 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 prior year, the firm earned $1.75 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. Research analysts forecast that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

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

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.