61,642 Shares of Standex International Corporation $SXI Acquired by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC bought a new stake in Standex International Corporation (NYSE:SXI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 61,642 shares of the industrial products company’s stock, valued at approximately $16,832,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SXI. Cedar Mountain Advisors LLC bought a new stake in shares of Standex International in the 1st quarter worth approximately $29,000. State of Wyoming purchased a new position in Standex International in the first quarter valued at approximately $37,000. Transamerica Financial Advisors LLC bought a new position in Standex International during the second quarter valued at $42,000. Allworth Financial LP bought a new position in Standex International during the second quarter valued at $46,000. Finally, Persistent Asset Partners Ltd bought a new position in Standex International during the second quarter valued at $60,000. 90.35% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO David Dunbar sold 13,000 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $290.82, for a total transaction of $3,780,660.00. Following the sale, the chief executive officer owned 75,973 shares of the company’s stock, valued at approximately $22,094,467.86. This represents a 14.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.00% of the company’s stock.

Standex International Stock Down 3.0%

SXI opened at $251.38 on Thursday. The company has a 50 day moving average of $270.50 and a 200 day moving average of $277.72. The company has a market cap of $3.04 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. Standex International Corporation has a 12 month low of $215.62 and a 12 month high of $363.89. The company has a current ratio of 3.19, a quick ratio of 2.30 and a debt-to-equity ratio of 0.67.

Standex International (NYSE:SXI) last issued its earnings results on Thursday, October 29th. The industrial products company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The business had revenue of $232.57 million for the quarter, compared to analysts’ expectations of $229.65 million. Standex International had a net margin of 12.54% and a return on equity of 14.84%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.99 EPS. On average, sell-side analysts expect that Standex International Corporation will post 10.18 EPS for the current year.

Standex International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, November 6th. This is a positive change from Standex International’s previous quarterly dividend of $0.34. Standex International’s dividend payout ratio is presently 14.47%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Standex International in a research report on Wednesday, October 14th. They issued a “neutral” rating and a $320.00 target price for the company. DA Davidson reissued a “buy” rating and issued a $350.00 price objective on shares of Standex International in a report on Thursday, August 20th. Finally, Weiss Ratings cut Standex International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 18th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Standex International has a consensus rating of “Moderate Buy” and a consensus price target of $304.00.

Standex International Profile

Standex International Corporation (NYSE:SXI) is a diversified industrial manufacturer that develops and produces specialized equipment, components and engineered products for customers in a range of commercial and industrial markets. The company serves original equipment manufacturers and other businesses through a portfolio of operations focused on applications requiring specialized technology, precision manufacturing and customized solutions.

Its businesses include Standex Electronics, which makes sensors, switches, relays, magnetic components and power magnetics; Standex Engraving, which provides engraved tooling, mold texturing and patterned rolls for plastics, packaging and other manufacturing applications; and Standex Engineering Technologies, which develops engineered components and systems for industrial and mobile equipment.