Nisa Investment Advisors LLC Sells 85 Shares of Standex International Corporation (NYSE:SXI)

Nisa Investment Advisors LLC cut its stake in shares of Standex International Corporation (NYSE:SXI) by 13.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 541 shares of the industrial products company’s stock after selling 85 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Standex International were worth $87,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Standex International by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 1,418,703 shares of the industrial products company’s stock valued at $265,283,000 after purchasing an additional 15,518 shares during the last quarter. Champlain Investment Partners LLC raised its holdings 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 lifted its position 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 valued at $98,066,000 after acquiring an additional 64,373 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Standex International by 15.6% during the 4th quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company’s stock valued at $64,817,000 after purchasing an additional 46,869 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 8,923 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors.

Standex International Trading Up 0.4%

Shares of NYSE:SXI opened at $156.84 on Friday. The stock’s 50-day simple moving average is $156.56 and its two-hundred day simple moving average is $165.79. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.00 and a beta of 1.06. Standex International Corporation has a 52-week low of $128.85 and a 52-week high of $212.66. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.56 and a current ratio of 3.40.

Standex International (NYSE:SXI) last issued its quarterly earnings data 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. The firm had revenue of $207.78 million for the quarter, compared to analysts’ expectations of $203.71 million. Standex International had a net margin of 8.09% and a return on equity of 13.39%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.75 EPS. Analysts expect that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, May 9th. Standex International’s dividend payout ratio is presently 25.30%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SXI shares. DA Davidson lowered their price target on Standex International from $207.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Barrington Research restated an “outperform” rating and set a $220.00 target price on shares of Standex International in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Standex International from a “hold” rating to a “buy” rating in a research note on Saturday, May 31st. Finally, Roth Capital raised shares of Standex International to a “strong-buy” rating in a report on Wednesday, April 9th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Standex International presently has a consensus rating of “Buy” and an average target price of $223.33.

Insider Activity

In other news, Director Barbara Joanne Edwards sold 355 shares of the company’s 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 completion of the sale, the director directly owned 5,259 shares in the company, valued at $821,087.67. This represents a 6.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.10% of the stock is currently owned by insiders.

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.