Standex International Co. (NYSE:SXI) Position Trimmed by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. trimmed its holdings in shares of Standex International Co. (NYSE:SXI) by 19.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 243 shares of the industrial products company’s stock after selling 60 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Standex International were worth $45,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. bought a new stake in Standex International during the third quarter worth approximately $44,000. Versant Capital Management Inc boosted its holdings in Standex International by 27.0% during the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock worth $56,000 after buying an additional 64 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Standex International by 183.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock worth $96,000 after buying an additional 330 shares in the last quarter. KBC Group NV boosted its holdings in Standex International by 45.7% during the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock worth $102,000 after buying an additional 172 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Standex International by 15.2% during the third quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock worth $114,000 after buying an additional 82 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the completion of the sale, the chief financial officer now owns 16,086 shares in the company, valued at $3,143,847.84. This represents a 11.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.10% of the company’s stock.

Standex International Trading Up 1.6 %

Standex International stock opened at $186.27 on Friday. The company has a 50 day moving average price of $187.64 and a 200 day moving average price of $187.29. Standex International Co. has a 52 week low of $154.45 and a 52 week high of $212.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 40.67, a P/E/G ratio of 2.63 and a beta of 1.02.

Standex International (NYSE:SXI) last released its earnings results 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 net margin of 7.59% and a return on equity of 13.28%. Research analysts forecast that Standex International Co. will post 7.9 EPS for the current year.

Standex International Dividend Announcement

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

Analyst Upgrades and Downgrades

SXI has been the subject of a number of recent analyst reports. DA Davidson raised their price objective on shares of Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. StockNews.com lowered shares of Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a research note on Friday, February 28th.

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.