Wilmington Savings Fund Society FSB Trims Stake in Standex International Co. (NYSE:SXI)

Wilmington Savings Fund Society FSB cut its holdings in shares of Standex International Co. (NYSE:SXI) by 4.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,392 shares of the industrial products company’s stock after selling 2,776 shares during the period. Wilmington Savings Fund Society FSB owned approximately 0.48% of Standex International worth $10,919,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in Standex International by 93.5% in the 3rd quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock worth $27,000 after buying an additional 72 shares during the last quarter. Peterson Financial Group Inc. purchased a new stake in shares of Standex International in the third quarter valued at about $44,000. Versant Capital Management Inc increased its holdings in shares of Standex International by 27.0% during the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock worth $56,000 after buying an additional 64 shares during the last quarter. KBC Group NV lifted its stake in shares of Standex International by 45.7% in the 4th quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 172 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Standex International by 15.2% during the third quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock worth $114,000 after buying an additional 82 shares during the period. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Standex International Stock Performance

Shares of Standex International stock opened at $192.41 on Friday. The firm has a market capitalization of $2.29 billion, a P/E ratio of 42.01, a P/E/G ratio of 2.68 and a beta of 1.06. The company has a quick ratio of 2.83, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. Standex International Co. has a 52 week low of $151.40 and a 52 week high of $212.65. The firm’s 50 day moving average is $192.59 and its two-hundred day moving average is $185.74.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. Research analysts forecast that Standex International Co. will post 8 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.67%. Standex International’s dividend payout ratio (DPR) is presently 27.95%.

Insider Buying and Selling

In related news, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction of $349,491.01. Following the completion of the sale, the director now owns 11,431 shares in the company, valued at $2,405,196.71. This represents a 12.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ademir Sarcevic sold 1,600 shares of Standex International stock in a transaction 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 completion of the transaction, the chief financial officer now owns 18,086 shares in the company, valued at approximately $3,613,763.66. This represents a 8.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SXI. Benchmark lifted their price objective on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barrington Research reissued an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a research report on Monday, February 3rd. StockNews.com cut shares of Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, DA Davidson increased their target price on Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday.

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.