B. Metzler seel. Sohn & Co. AG Raises Position in Standex International Co. (NYSE:SXI)

B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Standex International Co. (NYSE:SXI) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,501 shares of the industrial products company’s stock after buying an additional 351 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned about 0.07% of Standex International worth $1,590,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SXI. Intech Investment Management LLC grew its holdings in shares of Standex International by 27.5% during the third quarter. Intech Investment Management LLC now owns 1,997 shares of the industrial products company’s stock worth $365,000 after purchasing an additional 431 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Standex International by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock worth $26,299,000 after buying an additional 3,844 shares in the last quarter. Cerity Partners LLC raised its position in shares of Standex International by 14.4% during the 3rd quarter. Cerity Partners LLC now owns 7,642 shares of the industrial products company’s stock valued at $1,397,000 after buying an additional 963 shares in the last quarter. FMR LLC lifted its holdings in shares of Standex International by 23.4% during the 3rd quarter. FMR LLC now owns 1,928 shares of the industrial products company’s stock worth $352,000 after acquiring an additional 365 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Standex International by 19.4% in the third quarter. BNP Paribas Financial Markets now owns 5,388 shares of the industrial products company’s stock worth $985,000 after acquiring an additional 877 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors.

Standex International Stock Up 1.4 %

Shares of NYSE SXI opened at $163.06 on Thursday. The firm’s fifty day moving average is $181.84 and its 200 day moving average is $187.36. Standex International Co. has a 52 week low of $154.45 and a 52 week high of $212.66. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 2.63 and a beta of 1.02.

Standex International (NYSE:SXI) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) 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%. On average, equities research analysts expect that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Friday, February 14th. Standex International’s payout ratio is 27.95%.

Analysts Set New Price Targets

SXI has been the subject of a number of recent research reports. William Blair restated an “outperform” rating on shares of Standex International in a research report on Tuesday, March 11th. DA Davidson upped their price objective on shares of Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Barrington Research reaffirmed an “outperform” rating and set a $220.00 target price on shares of Standex International in a report on Friday, February 28th. Finally, StockNews.com lowered shares of Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Standex International presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.33.

Insiders Place Their Bets

In related news, CFO Ademir Sarcevic sold 2,000 shares of the company’s 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 transaction, the chief financial officer now owns 16,086 shares in the company, valued at $3,143,847.84. This represents a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.10% of the company’s stock.

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.