ProShare Advisors LLC Acquires 802 Shares of Standex International Corporation $SXI

ProShare Advisors LLC raised its stake in Standex International Corporation (NYSE:SXI) by 2.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 41,506 shares of the industrial products company’s stock after acquiring an additional 802 shares during the period. ProShare Advisors LLC’s holdings in Standex International were worth $6,495,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Champlain Investment Partners LLC lifted its position 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 valued at $95,309,000 after acquiring an additional 6,121 shares in the last quarter. 1ST Source Bank acquired a new stake in shares of Standex International in the 2nd quarter valued at about $411,000. Invesco Ltd. lifted its holdings in shares of Standex International by 30.2% in the first 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 in the last quarter. Inspire Investing LLC boosted its position in shares of Standex International by 21.8% during the second quarter. Inspire Investing LLC now owns 3,026 shares of the industrial products company’s stock worth $474,000 after buying an additional 541 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Standex International in the 1st quarter valued at approximately $341,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Buying and Selling

In other news, CEO David A. Dunbar sold 18,000 shares of Standex International stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $235.00, for a total transaction of $4,230,000.00. Following the sale, the chief executive officer directly owned 103,973 shares of the company’s stock, valued at approximately $24,433,655. This trade represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Hansen sold 2,992 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $202.60, for a total value of $606,179.20. Following the transaction, the director directly owned 8,439 shares of the company’s stock, valued at approximately $1,709,741.40. This represents a 26.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 34,465 shares of company stock valued at $7,772,378. 2.52% of the stock is owned by insiders.

Standex International Trading Down 1.5%

Standex International stock opened at $231.27 on Friday. The stock has a 50-day simple moving average of $222.09 and a 200 day simple moving average of $186.92. The stock has a market capitalization of $2.80 billion, a P/E ratio of 49.84, a PEG ratio of 3.07 and a beta of 1.17. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.10 and a current ratio of 2.88. Standex International Corporation has a 52 week low of $128.85 and a 52 week high of $247.16.

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

Standex International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be issued a dividend of $0.34 per share. This is a boost from Standex International’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, November 7th. Standex International’s payout ratio is 31.19%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wall Street Zen cut shares of Standex International from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. DA Davidson raised their target price on shares of Standex International from $200.00 to $219.00 and gave the company a “buy” rating in a research report on Monday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Standex International in a research note on Wednesday, October 8th. Roth Capital raised their price objective on Standex International from $205.00 to $260.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $260.00 target price on shares of Standex International in a research report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $246.33.

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.