US Bancorp DE Has $114,000 Holdings in Standex International Co. (NYSE:SXI)

US Bancorp DE boosted its position in shares of Standex International Co. (NYSE:SXI) by 15.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 623 shares of the industrial products company’s stock after buying an additional 82 shares during the period. US Bancorp DE’s holdings in Standex International were worth $114,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SXI. Lord Abbett & CO. LLC bought a new stake in shares of Standex International during the 1st quarter worth $4,647,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Standex International by 292.6% in the second quarter. Harbor Capital Advisors Inc. now owns 5,233 shares of the industrial products company’s stock worth $843,000 after acquiring an additional 3,900 shares during the last quarter. Boston Partners acquired a new stake in shares of Standex International in the 1st quarter valued at approximately $691,000. SG Americas Securities LLC bought a new stake in shares of Standex International during the 2nd quarter valued at approximately $743,000. Finally, Envestnet Asset Management Inc. increased its position in Standex International by 5.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 98,671 shares of the industrial products company’s stock worth $15,901,000 after purchasing an additional 4,768 shares in the last quarter. 90.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SXI. Barrington Research reaffirmed an “outperform” rating and set a $220.00 target price on shares of Standex International in a research note on Wednesday, October 30th. StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Benchmark upped their target price on Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, DA Davidson lifted their price target on Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a research note on Monday, August 5th.

Insiders Place Their Bets

In other news, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $210.41, for a total value of $349,491.01. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ademir Sarcevic sold 3,800 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $181.64, for a total transaction of $690,232.00. Following the sale, the chief financial officer now owns 19,686 shares in the company, valued at approximately $3,575,765.04. This trade represents a 16.18 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Standex International Stock Up 0.0 %

Shares of NYSE:SXI opened at $202.27 on Friday. Standex International Co. has a 12-month low of $131.96 and a 12-month high of $211.90. 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 business’s 50 day moving average is $182.43 and its 200 day moving average is $174.76. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.89 and a beta of 1.03.

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

Standex International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from Standex International’s previous quarterly dividend of $0.30. Standex International’s dividend payout ratio is 20.98%.

About Standex International

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.