4 hours Ago By ABMN Staff
Victory Capital Management Inc. increased its holdings in Standex International Co. ( NYSE:SXI – Free Report ) by 1.
1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,142 shares of the industrial products company’s stock after buying an additional 474 shares during the period. Victory Capital Management Inc.
’s holdings in Standex International were worth $8,254,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors and hedge funds have also bought and sold shares of SXI. Wasatch Advisors LP grew its holdings in Standex International by 24.
6% in the third quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock worth $84,092,000 after purchasing an additional 90,770 shares during the last quarter. Bryn Mawr Capital Management LLC purchased a new position in Standex International in the fourth quarter worth $8,080,000.
State Street Corp grew its holdings in Standex International by 5.1% in the third quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock worth $88,849,000 after purchasing an additional 23,786 shares during the last quarter.
Kovitz Investment Group Partners LLC purchased a new position in Standex International in the third quarter worth $2,821,000. Finally, Proficio Capital Partners LLC purchased a new position in Standex International in the fourth quarter worth $2,482,000. 90.
35% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades A number of brokerages have recently weighed in on SXI. Barrington Research reissued an “outperform” rating and set a $220.
00 price objective on shares of Standex International in a report on Friday, February 28th. DA Davidson boosted their price objective on shares of Standex International from $222.00 to $224.
00 and gave the company a “buy” rating in a report on Tuesday, February 4th. StockNews.com lowered shares of Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd.
Finally, William Blair reissued an “outperform” rating on shares of Standex International in a report on Tuesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $231.
33. Insider Activity at Standex International In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $195.
44, for a total value of $390,880.00. Following the completion of the transaction, the chief financial officer now owns 16,086 shares of the company’s stock, valued at $3,143,847.
84. This trade represents a 11.06 % decrease in their position.
The sale was disclosed in a filing with the SEC, which is available at this link . 2.10% of the stock is owned by insiders.
Standex International Trading Up 2.6 % SXI opened at $176.91 on Friday.
The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.
61. The company’s 50 day simple moving average is $186.89 and its two-hundred day simple moving average is $187.
63. Standex International Co. has a 1-year low of $154.
45 and a 1-year high of $212.65. The firm has a market capitalization of $2.
10 billion, a price-to-earnings ratio of 38.63, a price-to-earnings-growth ratio of 2.63 and a beta of 1.
02. Standex International ( NYSE:SXI – Get Free Report ) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.
91 earnings per share (EPS) for the quarter, topping 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%.
Analysts expect that Standex International Co. will post 7.9 EPS for the current fiscal year.
Standex International Announces Dividend The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.32 dividend.
The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.28 annualized dividend and a yield of 0.
72%. Standex International’s dividend payout ratio (DPR) is presently 27.95%.
About 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 Reading Want to see what other hedge funds are holding SXI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Standex International Co. ( NYSE:SXI – Free Report ). Receive News & Ratings for Standex International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standex International and related companies with MarketBeat.
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