Standex International Co. (NYSE:SXI) Stake Lowered by Martingale Asset Management L P

Martingale Asset Management L P cut its holdings in Standex International Co. (NYSE:SXI) by 34.0% in the third quarter, HoldingsChannel reports. The firm owned 6,405 shares of the industrial products company’s stock after selling 3,301 shares during the period. Martingale Asset Management L P’s holdings in Standex International were worth $1,171,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SXI. Millennium Management LLC bought a new stake in Standex International in the second quarter worth $4,299,000. Squarepoint Ops LLC bought a new stake in Standex International in the second quarter worth $3,523,000. Raymond James & Associates boosted its holdings in Standex International by 32.3% in the third quarter. Raymond James & Associates now owns 47,138 shares of the industrial products company’s stock worth $8,616,000 after purchasing an additional 11,516 shares in the last quarter. Anchor Capital Management Company LLC boosted its holdings in Standex International by 19.2% in the second quarter. Anchor Capital Management Company LLC now owns 67,843 shares of the industrial products company’s stock worth $10,933,000 after purchasing an additional 10,906 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Standex International in the third quarter worth $1,490,000. 90.35% of the stock is currently owned by institutional investors.

Insider Activity at Standex International

In other Standex International news, Director Thomas J. Hansen sold 1,661 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction of $349,491.01. Following the sale, the director now directly owns 11,431 shares of the company’s stock, valued at approximately $2,405,196.71. This represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ademir Sarcevic sold 1,600 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $199.81, for a total transaction of $319,696.00. Following the sale, the chief financial officer now directly owns 18,086 shares in the company, valued at $3,613,763.66. This trade represents a 8.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,061 shares of company stock valued at $1,359,419 over the last quarter. 2.10% of the stock is owned by company insiders.

Standex International Stock Up 0.2 %

Shares of SXI opened at $207.89 on Monday. The company has a 50-day simple moving average of $189.19 and a 200-day simple moving average of $176.97. The firm has a market capitalization of $2.51 billion, a P/E ratio of 34.08, a P/E/G ratio of 2.95 and a beta of 1.03. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. Standex International Co. has a 52 week low of $131.96 and a 52 week high of $212.65.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.05. The business had revenue of $170.50 million during the quarter, compared to analyst estimates of $178.94 million. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.74 earnings per share. On average, equities research analysts expect that Standex International Co. will post 7.84 earnings per share for the current year.

Standex International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.32 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.28 dividend on an annualized basis and a yield of 0.62%. This is a boost from Standex International’s previous quarterly dividend of $0.30. Standex International’s payout ratio is presently 20.98%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SXI shares. Barrington Research reiterated an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a report on Wednesday, October 30th. DA Davidson boosted their target price on shares of Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. StockNews.com raised shares of Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Finally, Benchmark boosted their target price on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th.

Standex International Company 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.