Cetera Investment Advisers Raises Stock Holdings in Standex International Corporation (NYSE:SXI)

Cetera Investment Advisers boosted its stake in Standex International Corporation (NYSE:SXI) by 7.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,176 shares of the industrial products company’s stock after buying an additional 289 shares during the period. Cetera Investment Advisers’ holdings in Standex International were worth $674,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC raised its holdings in Standex International by 965.0% in the 1st quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company’s stock valued at $34,000 after buying an additional 193 shares during the period. Whittier Trust Co. increased its stake in Standex International by 46.3% during the first quarter. Whittier Trust Co. now owns 218 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 69 shares during the period. TD Private Client Wealth LLC increased its stake in 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 worth $53,000 after purchasing an additional 76 shares during the period. Versant Capital Management Inc increased its stake in Standex International by 25.9% during the first quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 78 shares during the period. Finally, Fifth Third Bancorp increased its stake in Standex International by 25.2% during 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. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Roth Capital reiterated a “buy” rating and set a $205.00 price target (up from $175.00) on shares of Standex International in a research note on Monday, August 4th. Barrington Research restated an “outperform” rating and issued a $220.00 price target on shares of Standex International in a research note on Tuesday, July 29th. DA Davidson boosted their price target on shares of Standex International from $200.00 to $219.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Finally, Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $223.50.

Insider Buying and Selling at Standex International

In related news, CEO David A. Dunbar sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $200.00, for a total transaction of $3,200,000.00. Following the sale, the chief executive officer directly owned 115,576 shares in the company, valued at approximately $23,115,200. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

Standex International Stock Down 2.0%

SXI stock opened at $204.04 on Friday. The company’s 50 day moving average price is $166.65 and its 200 day moving average price is $164.74. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.10 and a current ratio of 2.88. Standex International Corporation has a fifty-two week low of $128.85 and a fifty-two week high of $212.65. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 43.97, a PEG ratio of 2.65 and a beta of 1.11.

Standex International (NYSE:SXI) last released its earnings results on Thursday, July 31st. The industrial products company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.18. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The firm had revenue of $222.05 million for the quarter, compared to analyst estimates of $214.44 million. During the same period in the prior year, the firm earned $1.76 earnings per share. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, equities research analysts anticipate that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, August 8th. Standex International’s dividend payout ratio is presently 27.59%.

Standex International 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.