Wealth Enhancement Advisory Services LLC Cuts Position in Standex International Corporation $SXI

Wealth Enhancement Advisory Services LLC decreased its holdings in Standex International Corporation (NYSE:SXI) by 1.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,345 shares of the industrial products company’s stock after selling 68 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Standex International were worth $733,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. raised its holdings in Standex International by 46.3% in the first quarter. Whittier Trust Co. now owns 218 shares of the industrial products company’s stock valued at $35,000 after buying an additional 69 shares during the period. Geneos Wealth Management Inc. raised its holdings in Standex International by 173.5% in the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock valued at $50,000 after buying an additional 196 shares during the period. TD Private Client Wealth LLC raised its holdings in Standex International by 29.9% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the industrial products company’s stock valued at $53,000 after buying an additional 76 shares during the period. Fifth Third Bancorp raised 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 valued at $126,000 after buying an additional 157 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Standex International by 74.5% in the first quarter. Smartleaf Asset Management LLC now owns 890 shares of the industrial products company’s stock valued at $143,000 after buying an additional 380 shares during the period. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Insider Buying and Selling at Standex International

In other news, CEO David A. Dunbar sold 16,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 115,576 shares of the company’s stock, valued at approximately $23,115,200. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Hansen sold 2,992 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $202.60, for a total transaction of $606,179.20. Following the transaction, the director directly owned 8,439 shares of the company’s stock, valued at approximately $1,709,741.40. This trade represents a 26.17% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,992 shares of company stock valued at $6,171,179. Corporate insiders own 2.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SXI. DA Davidson lifted their price objective 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. Barrington Research reiterated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research note on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research note on Saturday, September 27th. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Roth Capital reiterated a “buy” rating and set a $205.00 price objective (up previously from $175.00) on shares of Standex International in a research note on Monday, August 4th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $223.50.

Standex International Stock Performance

Standex International stock opened at $214.47 on Friday. The company has a market cap of $2.59 billion, a PE ratio of 46.22, a P/E/G ratio of 2.74 and a beta of 1.15. The company has a fifty day moving average price of $200.62 and a two-hundred day moving average price of $169.79. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.88 and a quick ratio of 2.10. Standex International Corporation has a 12 month low of $128.85 and a 12 month high of $218.62.

Standex International (NYSE:SXI) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.18. The firm had revenue of $222.05 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.76 earnings per share. Research analysts expect that Standex International Corporation will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 8th. Standex International’s payout ratio is currently 27.59%.

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.