1 week Ago By Defense World Staff
JPMorgan Chase & Co. lifted its position in shares of Standex International Co. (NYSE:SXI – Free Report) by 65.
1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,031 shares of the industrial products company’s stock after acquiring an additional 31,560 shares during the period. JPMorgan Chase & Co.
owned about 0.67% of Standex International worth $14,965,000 at the end of the most recent reporting period. Several other large investors have also recently added to or reduced their stakes in SXI.
Versant Capital Management Inc increased its stake in Standex International by 27.0% during the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 64 shares during the last quarter.
Smartleaf Asset Management LLC grew its position in shares of Standex International by 183.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock valued at $96,000 after buying an additional 330 shares during the last quarter.
KBC Group NV raised its stake in Standex International by 45.7% during the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 172 shares during the period.
Hanson & Doremus Investment Management raised its stake in Standex International by 117.4% during the fourth quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company’s stock worth $173,000 after acquiring an additional 500 shares during the period.
Finally, Bryn Mawr Capital Management LLC bought a new position in Standex International in the fourth quarter worth about $201,000. 90.35% of the stock is currently owned by institutional investors.
Standex International Trading Up 2.8 %Shares of SXI stock opened at $142.94 on Friday.
Standex International Co. has a 1 year low of $130.05 and a 1 year high of $212.
66. The firm has a market capitalization of $1.70 billion, a PE ratio of 31.
21, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95.
The stock has a fifty day moving average of $173.41 and a two-hundred day moving average of $185.01.
The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.
37. Standex International (NYSE:SXI – Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.
91 earnings per share 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, research analysts expect that Standex International Co. will post 7.9 EPS for the current year.
Standex International Announces DividendThe business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.32 dividend.
This represents a $1.28 annualized dividend and a dividend yield of 0.90%.
The ex-dividend date was Friday, February 14th. Standex International’s dividend payout ratio (DPR) is presently 27.95%.
Insider Activity at Standex InternationalIn other news, CFO Ademir Sarcevic sold 2,000 shares of the company’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 completion of the sale, the chief financial officer now owns 16,086 shares in the company, valued at $3,143,847.84.
This represents a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Company insiders own 2.10% of the company’s stock. Wall Street Analyst Weigh InA number of analysts have recently weighed in on the company.
Roth Capital upgraded Standex International to a “strong-buy” rating in a research report on Wednesday. DA Davidson increased their target price on Standex International from $222.00 to $224.
00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. StockNews.com cut Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.
William Blair restated an “outperform” rating on shares of Standex International in a research report on Tuesday, March 11th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a report on Friday, February 28th.
One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $231.33.
Get Our Latest Stock Report on Standex InternationalAbout Standex International (Free Report)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.Further ReadingFive stocks we like better than Standex InternationalTrading Stocks: RSI and Why it’s UsefulRobinhood Strategies Could Be a Game-Changer for Young InvestorsStock Average Calculator Are These 3 Retail Stocks Oversold or Really in Trouble?What is a penny stock? A comprehensive guideIONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are AheadWant to see what other hedge funds are holding SXI? Visit HoldingsChannel.
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