Mutual of America Capital Management LLC Trims Stake in Standex International Corporation $SXI

Mutual of America Capital Management LLC reduced its position in Standex International Corporation (NYSE:SXI) by 10.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,551 shares of the industrial products company’s stock after selling 182 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Standex International were worth $243,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whittier Trust Co. raised its position in Standex International by 46.3% in the 1st 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. Geneos Wealth Management Inc. increased its position in shares of Standex International by 173.5% during the first quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 196 shares during the period. TD Private Client Wealth LLC increased its position in shares of 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 acquiring an additional 76 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Standex International by 74.5% during the first quarter. Smartleaf Asset Management LLC now owns 890 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 380 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Standex International during the first quarter worth approximately $144,000. 90.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Standex International

In other Standex International news, CEO David A. Dunbar sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $235.00, for a total value of $4,230,000.00. Following the completion of the sale, the chief executive officer directly owned 103,973 shares in the company, valued at $24,433,655. This trade represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas J. Hansen sold 2,992 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 47,992 shares of company stock valued at $10,401,179. 2.52% of the stock is owned by insiders.

Standex International Stock Performance

Shares of SXI stock opened at $243.86 on Thursday. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 52.56, a PEG ratio of 3.05 and a beta of 1.15. The company’s 50 day moving average is $215.84 and its 200 day moving average is $179.70. The company has a quick ratio of 2.10, a current ratio of 2.88 and a debt-to-equity ratio of 0.78. Standex International Corporation has a 52-week low of $128.85 and a 52-week high of $247.16.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.18. The company had revenue of $222.05 million for 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%. Standex International’s revenue was up 23.2% compared to the same quarter last year. During the same period last year, the company posted $1.76 earnings per share. On average, sell-side analysts anticipate that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 7th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.6%. This is a positive change from Standex International’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, November 7th. Standex International’s payout ratio is 27.59%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SXI shares. Barrington Research raised their target price on shares of Standex International from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Monday. DA Davidson raised their target price on shares of Standex International from $200.00 to $219.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Standex International from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Finally, Roth Capital reaffirmed a “buy” rating and set a $205.00 target price (up from $175.00) on shares of Standex International in a research report on Monday, August 4th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Standex International presently has a consensus rating of “Moderate Buy” and an average price target of $228.00.

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.