ExodusPoint Capital Management LP bought a new stake in shares of Standex International Co. (NYSE:SXI) in the fourth quarter, Holdings Channel reports. The fund bought 4,374 shares of the industrial products company’s stock, valued at approximately $339,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Standex International by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 123,321 shares of the industrial products company’s stock worth $9,560,000 after buying an additional 393 shares in the last quarter. Brown Advisory Inc. lifted its stake in Standex International by 35.2% in the 4th quarter. Brown Advisory Inc. now owns 18,507 shares of the industrial products company’s stock worth $1,435,000 after purchasing an additional 4,814 shares in the last quarter. Vantage Consulting Group Inc purchased a new stake in Standex International in the 4th quarter worth approximately $39,000. The Manufacturers Life Insurance Company boosted its holdings in Standex International by 2.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 7,344 shares of the industrial products company’s stock valued at $569,000 after purchasing an additional 185 shares during the period. Finally, Credit Suisse AG grew its position in shares of Standex International by 65.9% during the 4th quarter. Credit Suisse AG now owns 14,248 shares of the industrial products company’s stock valued at $1,105,000 after purchasing an additional 5,658 shares in the last quarter. Hedge funds and other institutional investors own 85.50% of the company’s stock.
NYSE SXI opened at $95.40 on Thursday. Standex International Co. has a 52-week low of $40.32 and a 52-week high of $108.17. The company has a fifty day moving average of $98.89 and a 200-day moving average of $80.71. The company has a market capitalization of $1.18 billion, a P/E ratio of 67.18, a P/E/G ratio of 1.40 and a beta of 1.37. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.95 and a current ratio of 2.75.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 25th. Investors of record on Wednesday, February 10th were given a $0.24 dividend. The ex-dividend date was Tuesday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 1.01%. Standex International’s payout ratio is 27.51%.
In other news, CEO David A. Dunbar sold 2,000 shares of the firm’s stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $95.00, for a total transaction of $190,000.00. Following the transaction, the chief executive officer now directly owns 53,549 shares of the company’s stock, valued at $5,087,155. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul C. Burns sold 2,670 shares of Standex International stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $91.01, for a total value of $242,996.70. In the last ninety days, insiders sold 5,217 shares of company stock valued at $485,684. 2.32% of the stock is owned by insiders.
Several equities research analysts recently issued reports on SXI shares. Barrington Research lifted their price objective on Standex International from $101.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, March 1st. Zacks Investment Research downgraded Standex International from a “buy” rating to a “hold” rating in a research report on Tuesday, January 5th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $86.00.
About Standex International
Standex International Corporation, together with subsidiaries, manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The company operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.
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