Standex International Co. (NYSE:SXI) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its stake in shares of Standex International Co. (NYSE:SXI) by 292.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,233 shares of the industrial products company’s stock after buying an additional 3,900 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Standex International were worth $843,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in SXI. First Hawaiian Bank acquired a new stake in Standex International in the 2nd quarter valued at approximately $405,000. Boston Partners purchased a new position in shares of Standex International during the first quarter valued at $691,000. Cetera Advisors LLC purchased a new stake in Standex International in the 1st quarter worth about $213,000. Tidal Investments LLC bought a new stake in Standex International in the first quarter worth $210,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Standex International by 6.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,322 shares of the industrial products company’s stock worth $1,335,000 after buying an additional 429 shares during the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Standex International

In related news, Director Charles H. Cannon, Jr. sold 2,460 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.02, for a total transaction of $437,929.20. Following the transaction, the director now directly owns 862 shares of the company’s stock, valued at $153,453.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SXI. Benchmark reissued a “buy” rating and issued a $210.00 price objective on shares of Standex International in a research note on Friday, August 2nd. Barrington Research reissued an “outperform” rating and issued a $180.00 price target on shares of Standex International in a research report on Tuesday, May 28th. StockNews.com downgraded shares of Standex International from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, DA Davidson lifted their target price on shares of Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a report on Monday.

Standex International Stock Performance

Shares of NYSE SXI traded down $2.81 during trading hours on Wednesday, reaching $167.04. The stock had a trading volume of 25,168 shares, compared to its average volume of 62,722. Standex International Co. has a twelve month low of $130.04 and a twelve month high of $191.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.43 and a quick ratio of 2.65. The business’s fifty day moving average is $169.37 and its two-hundred day moving average is $169.05. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 2.53 and a beta of 1.04.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.04. Standex International had a net margin of 10.14% and a return on equity of 13.65%. The company had revenue of $180.19 million during the quarter, compared to analyst estimates of $181.35 million. During the same quarter last year, the business posted $1.76 earnings per share. The company’s revenue was down 4.3% on a year-over-year basis. As a group, research analysts expect that Standex International Co. will post 7.84 EPS for the current year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, August 9th. Standex International’s payout ratio is 19.42%.

Standex International Company 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.