International Assets Investment Management LLC Acquires 787 Shares of Standex International Co. (NYSE:SXI)

International Assets Investment Management LLC increased its holdings in shares of Standex International Co. (NYSE:SXI) by 15,740.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 792 shares of the industrial products company’s stock after acquiring an additional 787 shares during the quarter. International Assets Investment Management LLC’s holdings in Standex International were worth $125,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of SXI. Atria Wealth Solutions Inc. increased its holdings in shares of Standex International by 3.7% during the third quarter. Atria Wealth Solutions Inc. now owns 3,067 shares of the industrial products company’s stock worth $447,000 after purchasing an additional 110 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Standex International in the fourth quarter worth $26,000. Pacer Advisors Inc. acquired a new position in Standex International in the fourth quarter valued at about $28,000. Diversified Trust Co lifted its position in Standex International by 5.0% during the fourth quarter. Diversified Trust Co now owns 4,086 shares of the industrial products company’s stock worth $647,000 after purchasing an additional 195 shares during the period. Finally, Swiss National Bank grew its stake in Standex International by 0.8% during the third quarter. Swiss National Bank now owns 26,200 shares of the industrial products company’s stock worth $3,817,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Wall Street Analyst Weigh In

SXI has been the subject of several analyst reports. DA Davidson boosted their target price on shares of 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 Standex International from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 5th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Standex International presently has a consensus rating of “Buy” and a consensus target price of $195.00.

Insider Transactions at Standex International

In related news, Director Thomas J. Hansen sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $161.04, for a total value of $354,288.00. Following the completion of the transaction, the director now owns 11,370 shares in the company, valued at approximately $1,831,024.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Barbara Joanne Edwards sold 275 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $159.82, for a total transaction of $43,950.50. Following the completion of the sale, the director now owns 4,536 shares of the company’s stock, valued at $724,943.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas J. Hansen sold 2,200 shares of Standex International stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $161.04, for a total transaction of $354,288.00. Following the completion of the sale, the director now owns 11,370 shares of the company’s stock, valued at approximately $1,831,024.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,084 shares of company stock worth $2,980,448. Insiders own 2.63% of the company’s stock.

Standex International Price Performance

SXI stock opened at $176.21 on Tuesday. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 2.66 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.34 and a quick ratio of 2.58. The company has a 50 day simple moving average of $173.63 and a 200 day simple moving average of $155.77. Standex International Co. has a 1 year low of $119.14 and a 1 year high of $184.18.

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

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Thursday, May 9th. Standex International’s payout ratio is 10.33%.

Standex International Profile

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.