Standex International Co. (NYSE:SXI) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in shares of Standex International Co. (NYSE:SXI) by 3.4% in the fourth quarter, Holdings Channel reports. The fund owned 152,700 shares of the industrial products company’s stock after purchasing an additional 5,000 shares during the period. Handelsbanken Fonder AB’s holdings in Standex International were worth $24,185,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Atria Wealth Solutions Inc. raised its stake in shares of Standex International by 3.7% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 3,067 shares of the industrial products company’s stock worth $447,000 after buying an additional 110 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Standex International during the fourth quarter worth $26,000. Pacer Advisors Inc. purchased a new position in Standex International during the fourth quarter worth $28,000. Diversified Trust Co increased its position in Standex International by 5.0% during the fourth quarter. Diversified Trust Co now owns 4,086 shares of the industrial products company’s stock worth $647,000 after buying an additional 195 shares in the last quarter. Finally, Swiss National Bank increased its position in Standex International by 0.8% during the third quarter. Swiss National Bank now owns 26,200 shares of the industrial products company’s stock worth $3,817,000 after buying an additional 200 shares in the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Standex International

In related news, Director Barbara Joanne Edwards sold 1,661 shares of Standex International stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $152.19, for a total value of $252,787.59. Following the transaction, the director now owns 4,811 shares in the company, valued at $732,186.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Standex International news, Director Barbara Joanne Edwards sold 1,661 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $152.19, for a total transaction of $252,787.59. Following the transaction, the director now owns 4,811 shares in the company, valued at $732,186.09. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Alan J. Glass sold 1,619 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $152.92, for a total value of $247,577.48. Following the transaction, the vice president now owns 19,224 shares in the company, valued at approximately $2,939,734.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,084 shares of company stock worth $2,980,448. 2.63% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on SXI. DA Davidson raised their price target on Standex International from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. StockNews.com cut Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $195.00.

Standex International Price Performance

SXI stock opened at $168.91 on Tuesday. Standex International Co. has a 52-week low of $117.24 and a 52-week high of $184.18. The stock’s fifty day simple moving average is $172.51 and its 200-day simple moving average is $155.02. The company has a quick ratio of 2.58, a current ratio of 3.34 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 2.57 and a beta of 1.03.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Friday, February 2nd. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. Standex International had a return on equity of 13.63% and a net margin of 18.80%. The business had revenue of $178.40 million for the quarter, compared to analysts’ expectations of $180.25 million. During the same quarter last year, the firm earned $1.74 earnings per share. The business’s revenue was down 5.0% on a year-over-year basis. Equities research analysts expect that Standex International Co. will post 7.23 EPS for the current year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, February 12th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Friday, February 9th. Standex International’s payout ratio is currently 10.33%.

Standex International Company 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.