Standex International Corporation $SXI Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC lifted its stake in shares of Standex International Corporation (NYSE:SXI) by 41.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,430 shares of the industrial products company’s stock after purchasing an additional 9,769 shares during the quarter. ProShare Advisors LLC owned 0.27% of Standex International worth $9,128,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cedar Mountain Advisors LLC acquired a new position in shares of Standex International in the first quarter valued at approximately $29,000. Transamerica Financial Advisors LLC acquired a new position in Standex International in the second quarter valued at $42,000. Allworth Financial LP acquired a new position in shares of Standex International in the 2nd quarter valued at about $46,000. State of Wyoming acquired a new position in shares of Standex International in the 2nd quarter valued at about $46,000. Finally, Persistent Asset Partners Ltd bought a new stake in shares of Standex International during the 2nd quarter valued at about $60,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Activity at Standex International

In other news, CEO David Dunbar sold 13,000 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $290.82, for a total transaction of $3,780,660.00. Following the completion of the transaction, the chief executive officer directly owned 75,973 shares in the company, valued at $22,094,467.86. The trade was a 14.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is owned by company insiders.

Standex International Price Performance

SXI opened at $258.37 on Wednesday. The firm has a 50-day moving average price of $271.58 and a 200-day moving average price of $277.72. The company has a quick ratio of 2.30, a current ratio of 3.19 and a debt-to-equity ratio of 0.67. Standex International Corporation has a twelve month low of $215.62 and a twelve month high of $363.89. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 2.82 and a beta of 1.07.

Standex International (NYSE:SXI) last posted its earnings results on Thursday, October 29th. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.07. Standex International had a return on equity of 14.84% and a net margin of 12.54%. The firm had revenue of $232.57 million for the quarter, compared to the consensus estimate of $229.65 million. During the same quarter in the prior year, the business posted $1.99 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts expect that Standex International Corporation will post 9.99 EPS for the current year.

Standex International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Standex International’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, November 6th. Standex International’s dividend payout ratio (DPR) is 14.47%.

Wall Street Analysts Forecast Growth

SXI has been the subject of several recent analyst reports. JPMorgan Chase & Co. started coverage on shares of Standex International in a research report on Wednesday, October 14th. They set a “neutral” rating and a $320.00 price objective for the company. DA Davidson reissued a “buy” rating and issued a $350.00 price objective on shares of Standex International in a research note on Thursday, August 20th. Finally, Weiss Ratings cut shares of Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 18th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $304.00.

Standex International Profile

Standex International Corporation (NYSE:SXI) is a diversified industrial manufacturer that develops and produces specialized equipment, components and engineered products for customers in a range of commercial and industrial markets. The company serves original equipment manufacturers and other businesses through a portfolio of operations focused on applications requiring specialized technology, precision manufacturing and customized solutions.

Its businesses include Standex Electronics, which makes sensors, switches, relays, magnetic components and power magnetics; Standex Engraving, which provides engraved tooling, mold texturing and patterned rolls for plastics, packaging and other manufacturing applications; and Standex Engineering Technologies, which develops engineered components and systems for industrial and mobile equipment.