Bessemer Group Inc. Sells 764 Shares of Standex International Co. (NYSE:SXI)

Bessemer Group Inc. trimmed its stake in shares of Standex International Co. (NYSE:SXI) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,644 shares of the industrial products company’s stock after selling 764 shares during the quarter. Bessemer Group Inc.’s holdings in Standex International were worth $2,178,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Standex International by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 1,418,703 shares of the industrial products company’s stock valued at $265,283,000 after acquiring an additional 15,518 shares during the period. State Street Corp boosted its stake in shares of Standex International by 5.1% in the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock valued at $88,849,000 after purchasing an additional 23,786 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Standex International by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 317,140 shares of the industrial products company’s stock worth $59,314,000 after purchasing an additional 8,923 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Standex International by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 148,895 shares of the industrial products company’s stock worth $27,842,000 after purchasing an additional 5,012 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Standex International by 1.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 101,466 shares of the industrial products company’s stock valued at $18,973,000 after purchasing an additional 1,540 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors.

Standex International Stock Up 2.8 %

Shares of SXI opened at $142.94 on Monday. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 2.63 and a beta of 0.95. Standex International Co. has a 52 week low of $130.05 and a 52 week high of $212.66. 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 business’s fifty day moving average price is $173.41 and its two-hundred day moving average price is $185.03.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. On average, analysts predict that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, February 14th. Standex International’s dividend payout ratio is 27.95%.

Insider Buying and Selling

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of Standex International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $195.44, for a total transaction of $390,880.00. Following the completion of the sale, the chief financial officer now owns 16,086 shares of the company’s stock, valued at approximately $3,143,847.84. The trade was a 11.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on SXI. Barrington Research reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research note on Friday, February 28th. Roth Capital upgraded Standex International to a “strong-buy” rating in a research report on Wednesday, April 9th. StockNews.com downgraded Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. DA Davidson increased their target price on Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, William Blair reiterated an “outperform” rating on shares of Standex International in a research report on Tuesday, March 11th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $231.33.

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.