Charles Schwab Investment Management Inc. Decreases Position in Standex International Corporation $SXI

Charles Schwab Investment Management Inc. decreased its position in shares of Standex International Corporation (NYSE:SXI) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 147,333 shares of the industrial products company’s stock after selling 1,562 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.22% of Standex International worth $23,778,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SXI. Cary Street Partners Financial LLC bought a new position in Standex International in the 1st quarter valued at approximately $549,000. Blair William & Co. IL purchased a new position in shares of Standex International in the first quarter worth $202,000. LPL Financial LLC lifted its holdings in shares of Standex International by 92.1% during the first quarter. LPL Financial LLC now owns 9,232 shares of the industrial products company’s stock valued at $1,490,000 after purchasing an additional 4,425 shares in the last quarter. Assetmark Inc. boosted its position in shares of Standex International by 8.4% during the first quarter. Assetmark Inc. now owns 10,800 shares of the industrial products company’s stock valued at $1,743,000 after buying an additional 841 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in Standex International by 7.4% in the 1st quarter. Cetera Investment Advisers now owns 4,176 shares of the industrial products company’s stock worth $674,000 after buying an additional 289 shares in the last quarter. Institutional investors own 90.35% of the company’s stock.

Analyst Ratings Changes

SXI has been the topic of several research analyst reports. Barrington Research restated an “outperform” rating and set a $220.00 target price on shares of Standex International in a research note on Tuesday, July 29th. Roth Capital reaffirmed a “buy” rating and issued a $205.00 target price (up previously from $175.00) on shares of Standex International in a research report on Monday, August 4th. DA Davidson boosted their target price on shares of Standex International from $200.00 to $219.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Finally, Wall Street Zen downgraded Standex International from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $223.50.

Insiders Place Their Bets

In other Standex International news, Director Thomas J. Hansen sold 2,992 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $202.60, for a total value of $606,179.20. Following the completion of the sale, the director owned 8,439 shares in the company, valued at approximately $1,709,741.40. This represents a 26.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David A. Dunbar sold 16,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $200.00, for a total value of $3,200,000.00. Following the completion of the transaction, the chief executive officer owned 115,576 shares in the company, valued at $23,115,200. The trade was a 12.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Standex International Price Performance

NYSE SXI opened at $200.93 on Thursday. The business’s fifty day moving average is $170.48 and its 200 day moving average is $165.21. Standex International Corporation has a fifty-two week low of $128.85 and a fifty-two week high of $212.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.10 and a current ratio of 2.88. The company has a market capitalization of $2.43 billion, a PE ratio of 43.30, a price-to-earnings-growth ratio of 2.60 and a beta of 1.11.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.10 by $0.18. The firm had revenue of $222.05 million for the quarter, compared to the consensus estimate of $214.44 million. Standex International had a return on equity of 13.92% and a net margin of 7.06%.The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 earnings per share. Sell-side analysts predict that Standex International Corporation will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be given a $0.32 dividend. 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%.

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.