Rhumbline Advisers Has $5.41 Million Holdings in Standex International Co. (NYSE:SXI)

Rhumbline Advisers cut its holdings in shares of Standex International Co. (NYSE:SXI) by 0.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,507 shares of the industrial products company’s stock after selling 286 shares during the quarter. Rhumbline Advisers owned 0.28% of Standex International worth $5,408,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Standex International by 65.1% during the 4th 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 during the period. Smartleaf Asset Management LLC lifted its holdings 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 valued at $96,000 after buying an additional 330 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Standex International by 4.5% during the 4th quarter. Cetera Investment Advisers now owns 3,887 shares of the industrial products company’s stock valued at $727,000 after buying an additional 168 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Standex International by 46.5% during the 4th quarter. Deutsche Bank AG now owns 10,364 shares of the industrial products company’s stock valued at $1,938,000 after buying an additional 3,289 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Standex International by 16.8% during the 4th quarter. First Trust Advisors LP now owns 11,614 shares of the industrial products company’s stock valued at $2,172,000 after buying an additional 1,673 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Standex International Stock Up 0.7%

SXI opened at $155.43 on Friday. The business has a 50 day moving average price of $147.63 and a 200 day moving average price of $173.03. Standex International Co. has a twelve month low of $128.85 and a twelve month high of $212.66. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37. The firm has a market cap of $1.88 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07.

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

Standex International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.28 annualized dividend and a yield of 0.82%. Standex International’s dividend payout ratio (DPR) is currently 25.30%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SXI. DA Davidson reduced their price target on Standex International from $207.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. William Blair reiterated an “outperform” rating on shares of Standex International in a report on Tuesday, March 11th. Roth Capital upgraded Standex International to a “strong-buy” rating in a report on Wednesday, April 9th. Barrington Research reiterated an “outperform” rating and set a $220.00 price target on shares of Standex International in a report on Friday, May 2nd. Finally, Wall Street Zen upgraded Standex International from a “hold” rating to a “buy” rating in a report on Saturday, May 31st. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Standex International currently has a consensus rating of “Buy” and a consensus target price of $223.33.

Insiders Place Their Bets

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of Standex International stock in a transaction that occurred 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 transaction, the director now directly owns 5,259 shares of the company’s stock, valued at $821,087.67. The trade was a 6.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.10% of the company’s stock.

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.