MeadowBrook Investment Advisors LLC Sells 70 Shares of Standex International Co. (NYSE:SXI)

MeadowBrook Investment Advisors LLC decreased its position in shares of Standex International Co. (NYSE:SXI) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,808 shares of the industrial products company’s stock after selling 70 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Standex International were worth $525,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SXI. Versant Capital Management Inc boosted its holdings in Standex International by 27.0% in the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 64 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Standex International by 93.5% in the third quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 72 shares during the last quarter. US Bancorp DE raised its stake in shares of Standex International by 15.2% in the third quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 82 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Standex International by 3.7% in the third quarter. Inspire Investing LLC now owns 2,544 shares of the industrial products company’s stock worth $465,000 after purchasing an additional 90 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Standex International by 1.5% in the fourth quarter. State of Alaska Department of Revenue now owns 6,866 shares of the industrial products company’s stock worth $1,283,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on SXI shares. Barrington Research reiterated an “outperform” rating and set a $220.00 price target on shares of Standex International in a research report on Monday, February 3rd. Benchmark boosted their price objective on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. StockNews.com cut Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, DA Davidson lifted their price target on Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th.

Insider Activity at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $195.44, for a total transaction of $390,880.00. Following the completion of the sale, the chief financial officer now directly owns 16,086 shares of the company’s stock, valued at approximately $3,143,847.84. This trade represents a 11.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.10% of the company’s stock.

Standex International Stock Performance

NYSE SXI opened at $194.29 on Wednesday. The stock’s fifty day moving average is $192.04 and its two-hundred day moving average is $185.90. The firm has a market capitalization of $2.31 billion, a P/E ratio of 42.42, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.83 and a current ratio of 3.37. Standex International Co. has a fifty-two week low of $152.58 and a fifty-two week high of $212.65.

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

Standex International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.32 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.28 annualized dividend and a dividend yield of 0.66%. Standex International’s dividend payout ratio is presently 27.95%.

About Standex International

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.