Standex International Co. (NYSE:SXI) Shares Sold by Kohmann Bosshard Financial Services LLC

Kohmann Bosshard Financial Services LLC trimmed its holdings in Standex International Co. (NYSE:SXI) by 36.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,067 shares of the industrial products company’s stock after selling 600 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in Standex International were worth $200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SXI. Smartleaf Asset Management LLC lifted its position in Standex International by 183.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock worth $96,000 after buying an additional 330 shares in the last quarter. Wakefield Asset Management LLLP acquired a new stake in shares of Standex International in the 4th quarter worth $1,008,000. Proficio Capital Partners LLC purchased a new position in shares of Standex International during the 4th quarter worth $2,482,000. Oregon Public Employees Retirement Fund boosted its position in shares of Standex International by 3.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,886 shares of the industrial products company’s stock valued at $540,000 after acquiring an additional 100 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC purchased a new stake in shares of Standex International in the fourth quarter valued at about $201,000. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Standex International Stock Up 0.8 %

Shares of SXI opened at $185.60 on Monday. The company’s 50-day moving average price is $188.40 and its 200 day moving average price is $187.21. Standex International Co. has a 12-month low of $154.45 and a 12-month high of $212.65. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. The firm has a market cap of $2.21 billion, a P/E ratio of 40.52, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06.

Standex International (NYSE:SXI) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. On average, sell-side analysts forecast that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Friday, February 14th. Standex International’s dividend payout ratio (DPR) is 27.95%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SXI shares. StockNews.com downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Barrington Research restated an “outperform” rating and set a $220.00 price target on shares of Standex International in a report on Friday. Finally, DA Davidson upped their price objective on Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, February 4th.

Insider Transactions at Standex International

In related news, CFO Ademir Sarcevic sold 2,000 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the sale, the chief financial officer now owns 16,086 shares in the company, valued at approximately $3,143,847.84. The trade was a 11.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.10% of the company’s stock.

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.