Laurel Wealth Advisors LLC Acquires 1,400 Shares of Standex International Corporation $SXI

Laurel Wealth Advisors LLC boosted its holdings in shares of Standex International Corporation (NYSE:SXI) by 15,555.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,409 shares of the industrial products company’s stock after acquiring an additional 1,400 shares during the period. Laurel Wealth Advisors LLC’s holdings in Standex International were worth $220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 1ST Source Bank purchased a new stake in shares of Standex International in the second quarter worth $411,000. Champlain Investment Partners LLC boosted its stake in Standex International by 1.0% in the 1st quarter. Champlain Investment Partners LLC now owns 590,551 shares of the industrial products company’s stock worth $95,309,000 after purchasing an additional 6,121 shares in the last quarter. Invesco Ltd. grew its position in Standex International by 30.2% during the 1st quarter. Invesco Ltd. now owns 73,944 shares of the industrial products company’s stock valued at $11,934,000 after purchasing an additional 17,139 shares during the last quarter. Inspire Investing LLC increased its stake in Standex International by 21.8% during the 2nd quarter. Inspire Investing LLC now owns 3,026 shares of the industrial products company’s stock valued at $474,000 after purchasing an additional 541 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Standex International during the 1st quarter valued at about $341,000. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Standex International Price Performance

Shares of SXI opened at $245.16 on Friday. The firm has a fifty day simple moving average of $228.24 and a two-hundred day simple moving average of $193.55. The firm has a market cap of $2.97 billion, a PE ratio of 52.84, a P/E/G ratio of 3.07 and a beta of 1.17. The company has a current ratio of 2.88, a quick ratio of 2.10 and a debt-to-equity ratio of 0.78. Standex International Corporation has a 1-year low of $128.85 and a 1-year high of $247.16.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.94 by $0.05. The company had revenue of $217.43 million during the quarter, compared to analyst estimates of $215.96 million. Standex International had a return on equity of 13.92% and a net margin of 7.06%.Standex International’s revenue was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 earnings per share. On average, equities analysts anticipate that Standex International Corporation will post 7.9 EPS for the current year.

Standex International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were paid a dividend of $0.34 per share. The ex-dividend date was Friday, November 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Standex International’s previous quarterly dividend of $0.32. Standex International’s dividend payout ratio is presently 31.19%.

Analysts Set New Price Targets

A number of research firms have recently commented on SXI. Barrington Research reiterated an “outperform” rating and set a $260.00 price target on shares of Standex International in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Standex International in a research report on Wednesday, October 8th. Roth Capital lifted their target price on Standex International from $205.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. DA Davidson restated a “buy” rating and issued a $272.00 price target on shares of Standex International in a research note on Monday, November 24th. Finally, Wall Street Zen cut Standex International from a “buy” rating to a “hold” rating in a research report on Saturday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $264.00.

Insider Buying and Selling at Standex International

In other news, Director Thomas E. Chorman sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $223.31, for a total value of $223,310.00. Following the transaction, the director owned 13,229 shares in the company, valued at $2,954,167.99. This represents a 7.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David A. Dunbar sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $235.00, for a total transaction of $4,230,000.00. Following the sale, the chief executive officer owned 103,973 shares of the company’s stock, valued at $24,433,655. This trade represents a 14.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 32,473 shares of company stock worth $7,389,509 over the last 90 days. 2.52% of the stock is owned by company insiders.

Standex International Company Profile

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.