Maryland State Retirement & Pension System Purchases 76 Shares of Standex International Corporation $SXI

Maryland State Retirement & Pension System lifted its position in Standex International Corporation (NYSE:SXI) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,548 shares of the industrial products company’s stock after purchasing an additional 76 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Standex International were worth $555,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. increased its holdings in shares of Standex International by 46.3% in 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% 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 acquiring an additional 76 shares during the last quarter. Moody National Bank Trust Division increased its stake in Standex International by 5.4% in the second quarter. Moody National Bank Trust Division now owns 1,492 shares of the industrial products company’s stock valued at $233,000 after acquiring an additional 77 shares during the last quarter. Inspire Investing LLC increased its stake in Standex International by 4.1% in the first quarter. Inspire Investing LLC now owns 2,485 shares of the industrial products company’s stock valued at $401,000 after acquiring an additional 98 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its stake in Standex International by 3.7% in the first quarter. Benjamin Edwards Inc. now owns 2,824 shares of the industrial products company’s stock valued at $456,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

Standex International Stock Up 4.2%

Shares of NYSE:SXI opened at $226.25 on Tuesday. The stock’s 50-day moving average price is $206.26 and its 200-day moving average price is $172.00. Standex International Corporation has a 12-month low of $128.85 and a 12-month high of $228.71. The stock has a market capitalization of $2.74 billion, a P/E ratio of 48.76, a price-to-earnings-growth ratio of 2.77 and a beta of 1.15. The company has a current ratio of 2.88, a quick ratio of 2.10 and a debt-to-equity ratio of 0.78.

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

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were issued 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 was Friday, August 8th. Standex International’s dividend payout ratio is currently 27.59%.

Analyst Ratings Changes

SXI has been the topic of a number of research analyst reports. Barrington Research reissued an “outperform” rating and issued a $220.00 target price on shares of Standex International in a research note on Tuesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Standex International in a research note on Wednesday, October 8th. Wall Street Zen cut Standex International from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Roth Capital reissued a “buy” rating and issued a $205.00 target price (up previously from $175.00) on shares of Standex International in a research note on Monday, August 4th. Finally, DA Davidson increased their target price on Standex International from $200.00 to $219.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $223.50.

Insider Transactions at Standex International

In other news, CEO David A. Dunbar sold 11,000 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $215.00, for a total transaction of $2,365,000.00. Following the completion of the sale, the chief executive officer directly owned 121,973 shares in the company, valued at approximately $26,224,195. This represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Hansen sold 2,992 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $202.60, for a total transaction of $606,179.20. Following the sale, the director owned 8,439 shares of the company’s stock, valued at approximately $1,709,741.40. This represents a 26.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,992 shares of company stock valued at $6,171,179. 2.52% of the stock is currently owned by company insiders.

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.