4 hours Ago By Defense World Staff
Victory Capital Management Inc. increased its stake in Standex International Co. (NYSE:SXI – Free Report) by 1.
1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,142 shares of the industrial products company’s stock after purchasing an additional 474 shares during the quarter. Victory Capital Management Inc.
owned about 0.37% of Standex International worth $8,254,000 at the end of the most recent quarter. Several other hedge funds also recently made changes to their positions in the stock.
Versant Capital Management Inc grew its position in shares of Standex International by 27.0% in 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 in the last quarter.
US Bancorp DE grew its position in Standex International by 15.2% during the third quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock worth $114,000 after buying an additional 82 shares in the last quarter.
State of Alaska Department of Revenue grew its position in Standex International by 1.5% during the fourth quarter. State of Alaska Department of Revenue now owns 6,866 shares of the industrial products company’s stock worth $1,283,000 after buying an additional 100 shares in the last quarter.
Louisiana State Employees Retirement System grew its position in Standex International by 1.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the industrial products company’s stock worth $1,085,000 after buying an additional 100 shares in the last quarter.
Finally, Oregon Public Employees Retirement Fund grew its position in Standex International by 3.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,886 shares of the industrial products company’s stock worth $540,000 after buying an additional 100 shares in the last quarter.
90.35% of the stock is currently owned by hedge funds and other institutional investors. Standex International Stock PerformanceStandex International stock opened at $176.
91 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 company has a market capitalization of $2.
10 billion, a P/E ratio of 38.63, a PEG ratio of 2.63 and a beta of 1.
02. The stock’s 50 day moving average is $186.89 and its 200 day moving average is $187.
63. Standex International Co. has a twelve month low of $154.
45 and a twelve month high of $212.65. Standex International (NYSE:SXI – Get Free Report) last issued its earnings results on Thursday, January 30th.
The industrial products company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.68 by $0.
23. Standex International had a return on equity of 13.28% and a net margin of 7.
59%. On average, equities research analysts predict that Standex International Co. will post 7.
9 earnings per share for the current fiscal year. Standex International Dividend AnnouncementThe 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 was Friday, February 14th. This represents a $1.
28 dividend on an annualized basis and a yield of 0.72%. Standex International’s dividend payout ratio is currently 27.
95%. Analysts Set New Price TargetsSeveral equities analysts recently commented on the company. DA Davidson boosted 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. William Blair restated an “outperform” rating on shares of Standex International in a research report on Tuesday.
Barrington Research restated an “outperform” rating and set a $220.00 target price on shares of Standex International in a research report on Friday, February 28th. Finally, StockNews.
com cut Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.
com, the company has an average rating of “Moderate Buy” and a consensus target price of $231.33.Read Our Latest Research Report on SXIInsider Buying and SellingIn other news, CFO Ademir Sarcevic sold 2,000 shares of the firm’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 completion of the transaction, the chief financial officer now owns 16,086 shares in the company, valued at $3,143,847.84. This trade represents a 11.
06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.
10% of the stock is owned by insiders. 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 ReadingFive stocks we like better than Standex InternationalThe Significance of a Trillion-Dollar Market Cap Goes Beyond a NumberRubrik Stock’s V-Bottom Reversal Signals a Major Rally AheadWhat is the S&P/TSX Index?How Super Micro Computer Stock Is Defying the Market Sell-OffShort Selling – The Pros and Cons AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?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)..
