Standex International Corporation (NYSE:SXI) Stock Holdings Trimmed by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in Standex International Corporation (NYSE:SXI) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,593 shares of the industrial products company’s stock after selling 273 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of Standex International worth $1,064,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Standex International by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 1,418,703 shares of the industrial products company’s stock valued at $265,283,000 after buying an additional 15,518 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in Standex International by 2.1% in the fourth quarter. Champlain Investment Partners LLC now owns 584,430 shares of the industrial products company’s stock valued at $109,283,000 after buying an additional 11,774 shares during the last quarter. Wasatch Advisors LP increased its holdings in Standex International by 14.0% in the fourth quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company’s stock valued at $98,066,000 after buying an additional 64,373 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Standex International by 15.6% in the fourth quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company’s stock valued at $64,817,000 after buying an additional 46,869 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Standex International by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 317,140 shares of the industrial products company’s stock valued at $59,314,000 after buying an additional 8,923 shares during the last quarter. 90.35% of the stock is owned by institutional investors.

Insider Transactions at Standex International

In other Standex International news, Director Barbara Joanne Edwards sold 355 shares of the company’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 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 document filed with the SEC, which is available at this hyperlink. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on SXI. Roth Capital raised Standex International to a “strong-buy” rating in a report on Wednesday, April 9th. William Blair reaffirmed an “outperform” rating on shares of Standex International in a report on Tuesday, March 11th. Barrington Research reaffirmed an “outperform” rating and set a $220.00 target price on shares of Standex International in a report on Friday, May 2nd. DA Davidson lowered 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. Finally, Wall Street Zen raised 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $223.33.

Standex International Stock Down 0.7%

NYSE:SXI opened at $156.88 on Friday. The firm has a market capitalization of $1.89 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 2.30 and a beta of 1.07. The stock has a 50 day moving average of $150.97 and a 200-day moving average of $169.52. Standex International Corporation has a 52 week low of $128.85 and a 52 week high of $212.66. The company has a current ratio of 3.40, a quick ratio of 2.56 and a debt-to-equity ratio of 0.84.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.03. The business had revenue of $207.78 million during the quarter, compared to the consensus estimate of $203.71 million. Standex International had a return on equity of 13.39% and a net margin of 8.09%. The business’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. Analysts predict that Standex International Corporation 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. Stockholders of record on Friday, May 9th were given a dividend of $0.32 per share. The ex-dividend date was Friday, May 9th. This represents a $1.28 annualized dividend and a dividend yield of 0.82%. Standex International’s dividend payout ratio is presently 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.