PNC Financial Services Group Inc. Lowers Position in Standex International Co. (NYSE:SXI)

PNC Financial Services Group Inc. decreased its holdings in shares of Standex International Co. (NYSE:SXI) by 3.9% in the 4th quarter, Holdings Channel reports. The firm owned 2,074 shares of the industrial products company’s stock after selling 84 shares during the period. PNC Financial Services Group Inc.’s holdings in Standex International were worth $328,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SXI. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Standex International during the fourth quarter valued at approximately $26,000. Principal Securities Inc. bought a new stake in shares of Standex International during the 4th quarter worth $26,000. Pacer Advisors Inc. purchased a new position in Standex International in the fourth quarter worth $28,000. SRS Capital Advisors Inc. increased its stake in Standex International by 341.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 322 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 249 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in Standex International by 15,740.0% in the fourth quarter. International Assets Investment Management LLC now owns 792 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 787 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors.

Standex International Stock Up 0.5 %

Shares of NYSE:SXI opened at $161.15 on Friday. The stock has a market capitalization of $1.89 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 2.51 and a beta of 1.06. The stock’s 50-day moving average price is $168.38 and its 200-day moving average price is $164.35. The company has a current ratio of 3.43, a quick ratio of 2.65 and a debt-to-equity ratio of 0.24. Standex International Co. has a 12-month low of $130.04 and a 12-month high of $184.18.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.08. Standex International had a return on equity of 13.72% and a net margin of 10.11%. The business had revenue of $177.30 million for the quarter, compared to analyst estimates of $180.06 million. During the same period last year, the company earned $1.65 EPS. Standex International’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities analysts anticipate that Standex International Co. will post 7.1 earnings per share for the current year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a yield of 0.74%. Standex International’s dividend payout ratio is currently 19.42%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SXI shares. Barrington Research reiterated an “outperform” rating and issued a $180.00 price objective on shares of Standex International in a report on Tuesday, May 28th. Benchmark reaffirmed a “buy” rating and issued a $190.00 target price on shares of Standex International in a research note on Friday, May 3rd. Finally, DA Davidson increased their price target on shares of Standex International from $200.00 to $203.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $191.00.

Insider Buying and Selling at Standex International

In other news, Director Charles H. Cannon, Jr. sold 2,460 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.02, for a total transaction of $437,929.20. Following the completion of the transaction, the director now directly owns 862 shares of the company’s stock, valued at $153,453.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.28% of the stock is currently owned by corporate insiders.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, manufactures and sells 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.