Standex International Co. (NYSE:SXI) Stake Raised by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. raised its holdings in shares of Standex International Co. (NYSE:SXI) by 341.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322 shares of the industrial products company’s stock after acquiring an additional 249 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Standex International were worth $51,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Handelsbanken Fonder AB increased its stake in Standex International by 3.4% in the 4th quarter. Handelsbanken Fonder AB now owns 152,700 shares of the industrial products company’s stock valued at $24,185,000 after buying an additional 5,000 shares during the period. Trexquant Investment LP acquired a new position in shares of Standex International in the third quarter worth $1,690,000. Qube Research & Technologies Ltd raised its holdings in shares of Standex International by 267.3% during the third quarter. Qube Research & Technologies Ltd now owns 27,102 shares of the industrial products company’s stock worth $3,948,000 after acquiring an additional 19,724 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Standex International by 37.3% during the third quarter. Envestnet Asset Management Inc. now owns 80,305 shares of the industrial products company’s stock valued at $11,700,000 after purchasing an additional 21,831 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC grew its stake in Standex International by 99.2% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 42,532 shares of the industrial products company’s stock valued at $6,736,000 after purchasing an additional 21,182 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Stock Performance

SXI opened at $174.96 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.58 and a current ratio of 3.34. The company has a market cap of $2.08 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 2.69 and a beta of 1.06. The stock has a 50-day moving average of $174.61 and a 200-day moving average of $156.44. Standex International Co. has a 52-week low of $119.14 and a 52-week high of $184.18.

Standex International (NYSE:SXI) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.08. Standex International had a return on equity of 13.79% and a net margin of 10.11%. The firm had revenue of $177.30 million during the quarter, compared to analysts’ expectations of $180.06 million. During the same quarter in the prior year, the business earned $1.65 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis. As a group, equities research analysts forecast that Standex International Co. will post 7.23 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.30 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.20 annualized dividend and a yield of 0.69%. Standex International’s dividend payout ratio (DPR) is presently 19.42%.

Wall Street Analyst Weigh In

SXI has been the subject of several research reports. StockNews.com lowered Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. DA Davidson lifted their target price on shares of Standex International from $165.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Finally, Benchmark restated a “buy” rating and set a $190.00 price target on shares of Standex International in a research note on Friday.

Insider Buying and Selling at Standex International

In other news, Director Thomas J. Hansen sold 2,200 shares of Standex International stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $161.04, for a total value of $354,288.00. Following the transaction, the director now directly owns 11,370 shares in the company, valued at $1,831,024.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Thomas J. Hansen sold 2,200 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $161.04, for a total transaction of $354,288.00. Following the completion of the sale, the director now owns 11,370 shares in the company, valued at approximately $1,831,024.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David A. Dunbar sold 4,901 shares of Standex International stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $180.00, for a total value of $882,180.00. Following the completion of the transaction, the chief executive officer now directly owns 57,332 shares in the company, valued at $10,319,760. The disclosure for this sale can be found here. Insiders sold 18,084 shares of company stock worth $2,980,448 over the last ninety days. Company insiders own 2.28% of the company’s stock.

Standex International Profile

Standex International Corporation, together with subsidiaries, manufactures and sells 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.