SG Americas Securities LLC Takes Position in Standex International Co. (NYSE:SXI)

SG Americas Securities LLC acquired a new position in shares of Standex International Co. (NYSE:SXI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,255 shares of the industrial products company’s stock, valued at approximately $235,000.

Several other institutional investors have also recently made changes to their positions in SXI. Walleye Capital LLC acquired a new position in shares of Standex International in the third quarter valued at approximately $250,000. Millennium Management LLC purchased a new stake in Standex International during the 2nd quarter valued at approximately $4,299,000. State Street Corp raised its position in Standex International by 5.1% during the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock worth $88,849,000 after buying an additional 23,786 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Standex International by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock worth $26,299,000 after buying an additional 3,844 shares in the last quarter. Finally, Copeland Capital Management LLC grew its stake in shares of Standex International by 0.8% during the 3rd quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company’s stock worth $101,670,000 after purchasing an additional 4,281 shares during the period. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Insider Activity at Standex International

In other news, CFO Ademir Sarcevic sold 1,600 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $199.81, for a total transaction of $319,696.00. Following the transaction, the chief financial officer now owns 18,086 shares in the company, valued at $3,613,763.66. This represents a 8.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 approximately $2,405,196.71. This trade represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

Standex International Stock Performance

SXI stock opened at $192.70 on Friday. The company has a market capitalization of $2.33 billion, a P/E ratio of 42.07, a PEG ratio of 2.59 and a beta of 1.06. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $192.90 and a 200 day simple moving average of $185.70. Standex International Co. has a fifty-two week low of $149.11 and a fifty-two week high of $212.65.

Standex International (NYSE:SXI) last announced its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.23. Standex International had a return on equity of 13.40% and a net margin of 7.59%. Sell-side analysts predict that Standex International Co. will post 7.84 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, February 14th. This represents a $1.28 annualized dividend and a yield of 0.66%. Standex International’s payout ratio is presently 27.95%.

Analysts Set New Price Targets

Several analysts have recently commented on SXI shares. StockNews.com lowered shares of Standex International from a “buy” rating to a “hold” rating in a research report on Monday. Benchmark increased their price objective on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. DA Davidson increased their price objective on shares of Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Barrington Research reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research report on Monday.

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.