Diversified Trust Co Boosts Stake in Standex International Co. (NYSE:SXI)

Diversified Trust Co raised its position in shares of Standex International Co. (NYSE:SXI) by 33.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,437 shares of the industrial products company’s stock after buying an additional 1,351 shares during the quarter. Diversified Trust Co’s holdings in Standex International were worth $991,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Standex International in the fourth quarter valued at $26,000. Principal Securities Inc. purchased a new position in shares of Standex International in the 4th quarter worth $26,000. Pacer Advisors Inc. bought a new stake in shares of Standex International in the 4th quarter worth about $28,000. GAMMA Investing LLC raised its position in shares of Standex International by 322.2% during the 1st quarter. GAMMA Investing LLC now owns 190 shares of the industrial products company’s stock valued at $35,000 after buying an additional 145 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Standex International by 341.1% in the 4th 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. Institutional investors own 90.35% of the company’s stock.

Standex International Trading Down 2.9 %

SXI opened at $156.50 on Tuesday. Standex International Co. has a one year low of $130.04 and a one year high of $184.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.65 and a current ratio of 3.43. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 25.32, a P/E/G ratio of 2.52 and a beta of 1.04. The stock’s 50 day moving average price is $168.13 and its 200-day moving average price is $164.50.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.67 by $0.08. The company had revenue of $177.30 million for the quarter, compared to the consensus estimate of $180.06 million. Standex International had a return on equity of 13.72% and a net margin of 10.11%. Standex International’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.65 EPS. On average, equities analysts forecast that Standex International Co. will post 7.1 EPS for the current year.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a $0.30 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.20 annualized dividend and a yield of 0.77%. Standex International’s dividend payout ratio (DPR) is 19.42%.

Wall Street Analyst Weigh In

SXI has been the topic of a number of recent research reports. DA Davidson upped their price objective on Standex International from $200.00 to $203.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Barrington Research restated an “outperform” rating and set a $180.00 price target on shares of Standex International in a report on Tuesday, May 28th. Finally, Benchmark reaffirmed a “buy” rating and set a $190.00 price objective on shares of Standex International in a research note on Friday, May 3rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $191.00.

Insiders Place Their Bets

In other news, Director Charles H. Cannon, Jr. sold 2,460 shares of Standex International stock in a transaction that occurred on 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 sale, the director now owns 862 shares of the company’s stock, valued at $153,453.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.63% of the company’s stock.

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.