Standex International Corporation $SXI Shares Purchased by Anchor Capital Management Company LLC

Anchor Capital Management Company LLC increased its stake in shares of Standex International Corporation (NYSE:SXI) by 21.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,396 shares of the industrial products company’s stock after buying an additional 12,000 shares during the period. Standex International comprises 8.9% of Anchor Capital Management Company LLC’s portfolio, making the stock its 5th largest holding. Anchor Capital Management Company LLC owned 0.57% of Standex International worth $10,703,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its position in shares of Standex International by 173.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 309 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 196 shares during the period. Nisa Investment Advisors LLC increased its stake in Standex International by 20.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 651 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 110 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Standex International by 350.0% during the second quarter. Canada Pension Plan Investment Board now owns 900 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 700 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in 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 purchasing an additional 380 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Standex International during the first quarter worth $144,000. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a research report on Wednesday, October 8th. DA Davidson restated a “buy” rating and set a $272.00 target price on shares of Standex International in a report on Monday, November 24th. Barrington Research reaffirmed an “outperform” rating and issued a $260.00 price target on shares of Standex International in a report on Thursday, November 20th. Roth Capital increased their price target on shares of Standex International from $205.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Wall Street Zen raised shares of Standex International from a “hold” rating to a “buy” rating in a research note on Sunday, December 7th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Standex International presently has an average rating of “Moderate Buy” and an average price target of $264.00.

Standex International Trading Down 6.4%

Shares of SXI opened at $232.99 on Friday. Standex International Corporation has a fifty-two week low of $128.85 and a fifty-two week high of $252.78. The company has a market capitalization of $2.82 billion, a PE ratio of 53.44 and a beta of 1.10. The stock has a fifty day moving average of $234.70 and a two-hundred day moving average of $199.38. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.07 and a current ratio of 2.87.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The business had revenue of $217.43 million during the quarter, compared to the consensus estimate of $215.96 million. Standex International had a return on equity of 14.20% and a net margin of 6.29%.The business’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.84 earnings per share. As a group, analysts forecast that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Standex International’s previous quarterly dividend of $0.32. Standex International’s dividend payout ratio is currently 31.19%.

Insider Activity at Standex International

In other news, CEO David A. Dunbar sold 18,000 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $235.00, for a total transaction of $4,230,000.00. Following the transaction, the chief executive officer directly owned 103,973 shares in the company, valued at $24,433,655. This represents a 14.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ademir Sarcevic sold 1,823 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $230.12, for a total transaction of $419,508.76. Following the completion of the sale, the chief financial officer owned 9,341 shares of the company’s stock, valued at approximately $2,149,550.92. The trade was a 16.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 32,473 shares of company stock valued at $7,389,509. Insiders own 2.52% of the company’s stock.

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.