Deutsche Bank AG Decreases Stock Holdings in Standex International Corporation $SXI

Deutsche Bank AG reduced its position in Standex International Corporation (NYSE:SXI) by 9.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,400 shares of the industrial products company’s stock after selling 964 shares during the quarter. Deutsche Bank AG owned about 0.08% of Standex International worth $1,517,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Principal Financial Group Inc. increased its stake in Standex International by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 64,197 shares of the industrial products company’s stock valued at $10,361,000 after purchasing an additional 1,003 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Standex International by 4.5% during the fourth quarter. Cetera Investment Advisers now owns 3,887 shares of the industrial products company’s stock worth $727,000 after buying an additional 168 shares during the period. First Trust Advisors LP grew its holdings in shares of Standex International by 16.8% during the fourth quarter. First Trust Advisors LP now owns 11,614 shares of the industrial products company’s stock valued at $2,172,000 after buying an additional 1,673 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Standex International by 25.2% in the 1st quarter. Fifth Third Bancorp now owns 780 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 157 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Standex International by 16,968.6% in the 1st quarter. GAMMA Investing LLC now owns 32,601 shares of the industrial products company’s stock valued at $5,261,000 after acquiring an additional 32,410 shares during the period. 90.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Standex International

In other Standex International news, Director Thomas J. Hansen sold 2,992 shares of the company’s 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 directly owned 8,439 shares in the company, valued at $1,709,741.40. This represents a 26.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David A. Dunbar sold 16,000 shares of the 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 completion of the sale, the chief executive officer directly owned 115,576 shares of the company’s stock, valued at approximately $23,115,200. This trade represents a 12.16% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on SXI. DA Davidson increased their price target on shares of Standex International from $200.00 to $219.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Barrington Research reiterated an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a research note on Tuesday, July 29th. Roth Capital reissued a “buy” rating and set a $205.00 target price (up previously from $175.00) on shares of Standex International in a report on Monday, August 4th. Finally, Wall Street Zen downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Standex International currently has an average rating of “Buy” and an average price target of $223.50.

Standex International Stock Performance

Shares of NYSE SXI opened at $210.7960 on Friday. The company has a market capitalization of $2.54 billion, a PE ratio of 45.43, a price-to-earnings-growth ratio of 2.57 and a beta of 1.11. 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’s fifty day moving average price is $172.55 and its 200 day moving average price is $165.43. Standex International Corporation has a 1 year low of $128.85 and a 1 year high of $212.65.

Standex International (NYSE:SXI) last issued its quarterly earnings results 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 company had revenue of $222.05 million during the quarter, compared to analyst estimates of $214.44 million. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The firm’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 EPS. On average, research analysts predict that Standex International Corporation will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, August 8th. Standex International’s dividend payout ratio is 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.