Cerity Partners LLC Has $942,000 Stock Position in Standex International Corporation (NYSE:SXI)

Cerity Partners LLC trimmed its stake in Standex International Corporation (NYSE:SXI) by 23.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,837 shares of the industrial products company’s stock after selling 1,746 shares during the period. Cerity Partners LLC’s holdings in Standex International were worth $942,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Whipplewood Advisors LLC lifted its position in shares of Standex International by 965.0% during the 1st quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company’s stock worth $34,000 after buying an additional 193 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of Standex International by 29.9% during the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 76 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Standex International by 25.9% during the first 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. Fifth Third Bancorp grew its holdings in Standex International by 25.2% in the first quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 157 shares during the period. Finally, Cibc World Markets Corp purchased a new stake in shares of Standex International during the fourth quarter valued at approximately $203,000. Institutional investors own 90.35% of the company’s stock.

Insider Buying and Selling at Standex International

In related news, Director Barbara Joanne Edwards sold 355 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $156.13, for a total value of $55,426.15. Following the sale, the director owned 5,259 shares of the company’s stock, valued at $821,087.67. This trade represents a 6.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

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

Standex International Stock Performance

Shares of SXI opened at $161.10 on Thursday. The company has a 50-day moving average of $156.51 and a two-hundred day moving average of $165.19. The company has a current ratio of 3.40, a quick ratio of 2.56 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.94 billion, a P/E ratio of 31.84, a PEG ratio of 2.01 and a beta of 1.06. Standex International Corporation has a 12-month low of $128.85 and a 12-month high of $212.66.

Standex International (NYSE:SXI) last released 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 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%. Standex International’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.75 earnings per share. As a group, research analysts predict that Standex International Corporation will post 7.9 EPS for the current fiscal year.

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.