Personal CFO Solutions LLC Sells 172 Shares of Standex International Co. (NYSE:SXI)

Personal CFO Solutions LLC trimmed its stake in Standex International Co. (NYSE:SXI) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,539 shares of the industrial products company’s stock after selling 172 shares during the period. Personal CFO Solutions LLC’s holdings in Standex International were worth $475,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wasatch Advisors LP lifted its stake in shares of Standex International by 24.6% during the third quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock valued at $84,092,000 after acquiring an additional 90,770 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Standex International during the fourth quarter valued at $11,296,000. Bryn Mawr Capital Management LLC acquired a new position in shares of Standex International during the fourth quarter valued at $8,080,000. State Street Corp lifted its stake in shares of Standex International by 5.1% during the third quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock valued at $88,849,000 after acquiring an additional 23,786 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Standex International during the third quarter valued at $2,821,000. 90.35% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Ademir Sarcevic sold 2,000 shares of Standex International 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

Standex International Trading Up 1.6 %

NYSE:SXI opened at $186.27 on Monday. Standex International Co. has a 1-year low of $154.45 and a 1-year high of $212.65. The business’s 50-day moving average price is $187.58 and its two-hundred day moving average price is $187.58. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 40.67, a PEG ratio of 2.63 and a beta of 1.02. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81.

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

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.69%. Standex International’s payout ratio is 27.95%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SXI. Barrington Research reaffirmed an “outperform” rating and set a $220.00 price target on shares of Standex International in a research note on Friday, February 28th. DA Davidson upped their price target on Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, StockNews.com lowered Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.

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.