Standex International Corporation $SXI Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC cut its holdings in shares of Standex International Corporation (NYSE:SXI) by 17.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 420,164 shares of the industrial products company’s stock after selling 86,044 shares during the period. Standex International comprises about 1.4% of Copeland Capital Management LLC’s portfolio, making the stock its 25th biggest position. Copeland Capital Management LLC’s holdings in Standex International were worth $65,747,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SXI. Two Sigma Investments LP increased its stake in Standex International by 4.1% during the fourth quarter. Two Sigma Investments LP now owns 2,545 shares of the industrial products company’s stock worth $476,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc increased its stake in Standex International by 25.9% during the first quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 78 shares during the period. GAMMA Investing LLC increased its stake in Standex International by 16,968.6% during the first quarter. GAMMA Investing LLC now owns 32,601 shares of the industrial products company’s stock worth $5,261,000 after purchasing an additional 32,410 shares during the period. Whipplewood Advisors LLC increased its stake in Standex International by 965.0% during the first quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 193 shares during the period. Finally, Park Avenue Securities LLC increased its stake in Standex International by 12.0% during the first quarter. Park Avenue Securities LLC now owns 3,133 shares of the industrial products company’s stock worth $506,000 after purchasing an additional 336 shares during the period. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Roth Capital reiterated a “buy” rating and set a $205.00 price target (up from $175.00) on shares of Standex International in a research note on Monday, August 4th. DA Davidson boosted their price target on shares of Standex International from $200.00 to $219.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Wall Street Zen upgraded shares of Standex International from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Barrington Research restated an “outperform” rating and set a $220.00 target price on shares of Standex International in a research note on Tuesday, July 29th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $223.50.

Insider Activity at Standex International

In other Standex International news, Director Thomas J. Hansen sold 2,992 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $202.60, for a total value of $606,179.20. Following the transaction, the director directly owned 8,439 shares in the company, valued at $1,709,741.40. This represents a 26.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David A. Dunbar sold 16,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $200.00, for a total transaction of $3,200,000.00. Following the completion of the transaction, the chief executive officer owned 115,576 shares in the company, valued at $23,115,200. This represents a 12.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,992 shares of company stock worth $6,171,179 over the last quarter. 2.52% of the stock is currently owned by insiders.

Standex International Stock Performance

Shares of Standex International stock opened at $215.26 on Friday. The firm has a market capitalization of $2.60 billion, a P/E ratio of 46.39, a P/E/G ratio of 2.69 and a beta of 1.15. Standex International Corporation has a 52 week low of $128.85 and a 52 week high of $215.99. The company has a quick ratio of 2.10, a current ratio of 2.88 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average is $199.65 and its two-hundred day moving average is $169.48.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.10 by $0.18. The company had revenue of $222.05 million for the quarter, compared to analyst estimates of $214.44 million. Standex International had a net margin of 7.06% and a return on equity of 13.92%. The firm’s revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.76 earnings per share. Research analysts forecast that Standex International Corporation will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, August 8th. Standex International’s dividend payout ratio is currently 27.59%.

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.