Champlain Investment Partners LLC Increases Position in Standex International Co. (NYSE:SXI)

Champlain Investment Partners LLC grew its position in Standex International Co. (NYSE:SXI) by 2.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 584,430 shares of the industrial products company’s stock after acquiring an additional 11,774 shares during the period. Champlain Investment Partners LLC’s holdings in Standex International were worth $109,283,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Wasatch Advisors LP raised its position in Standex International by 14.0% in the 4th quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company’s stock valued at $98,066,000 after purchasing an additional 64,373 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Standex International during the 4th quarter worth approximately $11,296,000. Bryn Mawr Capital Management LLC purchased a new stake in shares of Standex International in the 4th quarter valued at approximately $8,080,000. Norges Bank purchased a new stake in shares of Standex International during the 4th quarter worth $7,122,000. Finally, JPMorgan Chase & Co. increased its position in Standex International by 65.1% during the fourth quarter. JPMorgan Chase & Co. now owns 80,031 shares of the industrial products company’s stock worth $14,965,000 after buying an additional 31,560 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Buying and Selling at Standex International

In related news, CFO Ademir Sarcevic sold 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 16,086 shares of the company’s stock, valued at approximately $3,143,847.84. This represents a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Standex International Stock Performance

SXI opened at $135.93 on Thursday. Standex International Co. has a 1-year low of $130.05 and a 1-year high of $212.66. The stock has a market cap of $1.62 billion, a P/E ratio of 29.68, a P/E/G ratio of 2.63 and a beta of 0.95. The stock’s 50 day simple moving average is $170.18 and its 200 day simple moving average is $184.11. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61.

Standex International (NYSE:SXI) last announced 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 net margin of 7.59% and a return on equity of 13.28%. As a group, equities analysts anticipate that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.94%. The ex-dividend date was Friday, February 14th. Standex International’s payout ratio is 27.95%.

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.