Standex International Co. (NYSE:SXI) Stake Lifted by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in Standex International Co. (NYSE:SXI) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 127,900 shares of the industrial products company’s stock after buying an additional 200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Standex International were worth $23,916,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp boosted its stake in Standex International by 5.1% during the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock valued at $88,849,000 after purchasing an additional 23,786 shares during the period. Wasatch Advisors LP boosted its position in shares of Standex International by 24.6% during the third quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock worth $84,092,000 after buying an additional 90,770 shares during the period. Geode Capital Management LLC grew its holdings in Standex International by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 308,217 shares of the industrial products company’s stock worth $56,345,000 after buying an additional 9,119 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Standex International by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock valued at $26,299,000 after acquiring an additional 3,844 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Standex International by 5.4% during the 4th quarter. Principal Financial Group Inc. now owns 63,194 shares of the industrial products company’s stock worth $11,817,000 after acquiring an additional 3,224 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SXI shares. DA Davidson raised their price target on Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Benchmark boosted their price target on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. StockNews.com cut shares of Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Barrington Research reissued an “outperform” rating and set a $220.00 target price on shares of Standex International in a report on Monday, February 3rd.

Standex International Price Performance

NYSE:SXI opened at $187.01 on Friday. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. The business’s 50-day moving average price is $189.55 and its 200 day moving average price is $186.17. Standex International Co. has a 52-week low of $154.45 and a 52-week high of $212.65. The firm has a market cap of $2.23 billion, a P/E ratio of 40.83, a PEG ratio of 2.67 and a beta of 1.06.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, topping 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, sell-side analysts predict that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.32 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.28 annualized dividend and a dividend yield of 0.68%. Standex International’s dividend payout ratio is currently 27.95%.

Insider Activity

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $195.44, for a total transaction 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 is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.

Standex International 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.