Strs Ohio Has $902,000 Stake in Standex International Co. (NYSE:SXI)

Strs Ohio reduced its holdings in Standex International Co. (NYSE:SXI) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,700 shares of the industrial products company’s stock after selling 100 shares during the quarter. Strs Ohio’s holdings in Standex International were worth $902,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Trexquant Investment LP acquired a new stake in Standex International in the 3rd quarter worth $1,690,000. Qube Research & Technologies Ltd grew its position in Standex International by 267.3% during the third quarter. Qube Research & Technologies Ltd now owns 27,102 shares of the industrial products company’s stock worth $3,948,000 after buying an additional 19,724 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Standex International by 37.3% during the third quarter. Envestnet Asset Management Inc. now owns 80,305 shares of the industrial products company’s stock valued at $11,700,000 after acquiring an additional 21,831 shares during the period. Assenagon Asset Management S.A. bought a new position in Standex International during the fourth quarter valued at about $2,222,000. Finally, Handelsbanken Fonder AB raised its holdings in Standex International by 20.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 147,700 shares of the industrial products company’s stock valued at $21,518,000 after acquiring an additional 25,000 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors.

Standex International Trading Down 0.7 %

SXI stock opened at $171.37 on Thursday. Standex International Co. has a 1-year low of $117.24 and a 1-year high of $184.18. The company has a current ratio of 3.34, a quick ratio of 2.58 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $172.86 and its 200-day moving average is $155.18. The firm has a market cap of $2.03 billion, a P/E ratio of 14.75, a P/E/G ratio of 2.65 and a beta of 1.03.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Friday, February 2nd. The industrial products company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The firm had revenue of $178.40 million for the quarter, compared to analysts’ expectations of $180.25 million. Standex International had a return on equity of 13.63% and a net margin of 18.80%. The business’s revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.74 earnings per share. Equities analysts anticipate that Standex International Co. will post 7.23 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, February 12th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, February 9th. Standex International’s dividend payout ratio is currently 10.33%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SXI. DA Davidson boosted their price objective on Standex International from $165.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. StockNews.com lowered shares of Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Standex International currently has an average rating of “Buy” and a consensus target price of $195.00.

Insider Buying and Selling at Standex International

In other news, CEO David A. Dunbar sold 4,901 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $180.00, for a total transaction of $882,180.00. Following the completion of the sale, the chief executive officer now owns 57,332 shares of the company’s stock, valued at $10,319,760. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Standex International news, CEO David A. Dunbar sold 5,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $165.00, for a total transaction of $825,000.00. Following the sale, the chief executive officer now owns 62,233 shares of the company’s stock, valued at approximately $10,268,445. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David A. Dunbar sold 4,901 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $180.00, for a total transaction of $882,180.00. Following the completion of the transaction, the chief executive officer now directly owns 57,332 shares of the company’s stock, valued at $10,319,760. The disclosure for this sale can be found here. Insiders have sold a total of 18,084 shares of company stock worth $2,980,448 over the last ninety days. Corporate insiders own 2.28% of the company’s stock.

About Standex International

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.