Jane Street Group LLC Sells 20,589 Shares of Standex International Co. (NYSE:SXI)

Jane Street Group LLC lessened its holdings in shares of Standex International Co. (NYSE:SXI) by 84.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,660 shares of the industrial products company’s stock after selling 20,589 shares during the quarter. Jane Street Group LLC’s holdings in Standex International were worth $684,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in 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 acquiring an additional 15,518 shares during the last quarter. Champlain Investment Partners LLC increased its stake in Standex International by 2.1% in the 4th quarter. Champlain Investment Partners LLC now owns 584,430 shares of the industrial products company’s stock worth $109,283,000 after acquiring an additional 11,774 shares during the last quarter. Wasatch Advisors LP increased its stake in Standex International by 14.0% in the 4th quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company’s stock worth $98,066,000 after acquiring an additional 64,373 shares during the last quarter. Geode Capital Management LLC increased its stake in Standex International by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 317,140 shares of the industrial products company’s stock worth $59,314,000 after acquiring an additional 8,923 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Standex International by 5.1% in the 4th quarter. Northern Trust Corp now owns 204,927 shares of the industrial products company’s stock worth $38,319,000 after acquiring an additional 9,974 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

Insider Activity at Standex International

In related news, Director Barbara Joanne Edwards sold 355 shares of the business’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total transaction of $55,426.15. Following the completion of the transaction, the director now owns 5,259 shares in the company, valued at $821,087.67. The trade was a 6.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by company insiders.

Standex International Price Performance

SXI opened at $145.88 on Monday. The business has a fifty day moving average of $149.95 and a 200 day moving average of $177.75. Standex International Co. has a 52-week low of $128.85 and a 52-week high of $212.66. 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 stock has a market cap of $1.76 billion, a P/E ratio of 31.85, a PEG ratio of 2.63 and a beta of 1.08.

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

Standex International Dividend Announcement

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

Analyst Ratings Changes

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

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.