Assenagon Asset Management S.A. Makes New $2.22 Million Investment in Standex International Co. (NYSE:SXI)

Assenagon Asset Management S.A. acquired a new position in shares of Standex International Co. (NYSE:SXI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 14,031 shares of the industrial products company’s stock, valued at approximately $2,222,000. Assenagon Asset Management S.A. owned about 0.12% of Standex International as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of SXI. Pacer Advisors Inc. purchased a new position in Standex International during the 4th quarter worth $28,000. State of Wyoming purchased a new position in shares of Standex International in the 2nd quarter valued at about $28,000. Altshuler Shaham Ltd purchased a new position in shares of Standex International in the 4th quarter valued at about $34,000. Tower Research Capital LLC TRC increased its holdings in shares of Standex International by 230.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 334 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 233 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of Standex International by 565.8% in the 3rd quarter. UBS Group AG now owns 779 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 662 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Insider Activity at Standex International

In other news, Director Barbara Joanne Edwards sold 275 shares of Standex International stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $159.82, for a total transaction of $43,950.50. Following the completion of the sale, the director now directly owns 4,536 shares in the company, valued at $724,943.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO David A. Dunbar sold 4,901 shares of Standex International stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total transaction of $882,180.00. Following the completion of the sale, the chief executive officer now directly owns 57,332 shares in the company, valued at $10,319,760. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Barbara Joanne Edwards sold 275 shares of Standex International stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $159.82, for a total transaction of $43,950.50. Following the sale, the director now owns 4,536 shares of the company’s stock, valued at $724,943.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,084 shares of company stock valued at $2,980,448. Insiders own 2.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SXI shares. DA Davidson increased their price target on shares of Standex International from $165.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. StockNews.com downgraded shares of Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Standex International currently has an average rating of “Buy” and a consensus price target of $195.00.

Standex International Price Performance

Shares of NYSE SXI opened at $174.46 on Thursday. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 2.63 and a beta of 1.03. Standex International Co. has a 52 week low of $113.89 and a 52 week high of $184.18. The company’s 50-day moving average price is $167.44 and its 200 day moving average price is $152.70. The company has a current ratio of 3.34, a quick ratio of 2.58 and a debt-to-equity ratio of 0.24.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Friday, February 2nd. The industrial products company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The firm had revenue of $178.40 million for the quarter, compared to analysts’ expectations of $180.25 million. Standex International had a net margin of 18.80% and a return on equity of 13.63%. The firm’s revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.74 EPS. As a group, research analysts forecast that Standex International Co. will post 7.31 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, February 12th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.20 dividend on an annualized basis and a yield of 0.69%. Standex International’s payout ratio is 10.33%.

Standex International Profile

Standex International Corporation, together with subsidiaries, manufactures and sells 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.