Standex International Co. (NYSE:SXI) Shares Purchased by State Street Corp

State Street Corp raised its stake in Standex International Co. (NYSE:SXI) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 486,099 shares of the industrial products company’s stock after purchasing an additional 23,786 shares during the period. State Street Corp owned 4.02% of Standex International worth $88,849,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC grew its position in shares of Standex International by 93.5% in the 3rd quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock valued at $27,000 after buying an additional 72 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Standex International during the second quarter worth about $32,000. Peterson Financial Group Inc. acquired a new stake in shares of Standex International during the third quarter worth about $44,000. US Bancorp DE lifted its holdings in shares of Standex International by 15.2% in the 3rd quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 82 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Standex International by 95.5% in the 2nd quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 358 shares during the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barrington Research reiterated an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a research note on Wednesday, October 30th. Benchmark increased their price target on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th.

Standex International Stock Performance

NYSE:SXI opened at $203.87 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83. The firm has a market cap of $2.46 billion, a PE ratio of 33.42, a P/E/G ratio of 2.88 and a beta of 1.05. The firm has a 50 day simple moving average of $194.93 and a 200-day simple moving average of $179.83. Standex International Co. has a 1-year low of $140.04 and a 1-year high of $212.65.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.05. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The business had revenue of $170.50 million during the quarter, compared to the consensus estimate of $178.94 million. During the same quarter in the previous year, the business earned $1.74 earnings per share. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, equities analysts expect that Standex International Co. will post 7.84 EPS for the current year.

Standex International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.32 per share. This is a positive change from Standex International’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Friday, November 8th. Standex International’s dividend payout ratio is presently 20.98%.

Insider Buying and Selling

In related news, CFO Ademir Sarcevic sold 1,600 shares of Standex International stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total value of $319,696.00. Following the transaction, the chief financial officer now owns 18,086 shares in the company, valued at approximately $3,613,763.66. This trade represents a 8.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas J. Hansen sold 1,661 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $210.41, for a total value of $349,491.01. Following the sale, the director now owns 11,431 shares of the company’s stock, valued at $2,405,196.71. This represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,061 shares of company stock valued at $1,359,419. Insiders own 2.10% of the company’s stock.

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.