Standex International Corporation (NYSE:SXI) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its position in shares of Standex International Corporation (NYSE:SXI) by 3.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,418 shares of the industrial products company’s stock after selling 149 shares during the quarter. Yousif Capital Management LLC’s holdings in Standex International were worth $713,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Whipplewood Advisors LLC grew its holdings in Standex International by 965.0% during the 1st quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 193 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Standex International by 25.9% in the 1st quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company’s stock valued at $61,000 after buying an additional 78 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 330 shares during the last quarter. Bryn Mawr Capital Management LLC acquired a new stake in shares of Standex International in the 4th quarter worth about $201,000. Finally, Cibc World Markets Corp bought a new position in Standex International in the 4th quarter worth approximately $203,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Buying and Selling

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of the business’s 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 sale, the director now owns 5,259 shares in the company, valued at approximately $821,087.67. The trade was a 6.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.10% of the stock is owned by insiders.

Standex International Trading Up 2.9%

Shares of Standex International stock opened at $157.15 on Friday. The stock has a market capitalization of $1.90 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 2.28 and a beta of 1.07. The company has a 50-day simple moving average of $149.12 and a 200 day simple moving average of $171.19. The company has a quick ratio of 2.56, a current ratio of 3.40 and a debt-to-equity ratio of 0.84. Standex International Corporation has a 12-month low of $128.85 and a 12-month high of $212.66.

Standex International (NYSE:SXI) last announced 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. The company had revenue of $207.78 million during the quarter, compared to the consensus estimate of $203.71 million. Standex International had a net margin of 8.09% and a return on equity of 13.39%. The company’s revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.75 earnings per share. Research analysts expect that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.81%. Standex International’s dividend payout ratio (DPR) is presently 25.30%.

Analyst Upgrades and Downgrades

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

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.