SG Americas Securities LLC lifted its position in shares of Standex International Corporation (NYSE:SXI – Free Report) by 53.3% during the first quarter, Holdings Channel reports. The institutional investor owned 1,924 shares of the industrial products company’s stock after purchasing an additional 669 shares during the period. SG Americas Securities LLC’s holdings in Standex International were worth $311,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Whipplewood Advisors LLC boosted its position in shares of Standex International by 965.0% during the first quarter. Whipplewood Advisors LLC now owns 213 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 193 shares during the last quarter. Versant Capital Management Inc raised its position in Standex International by 25.9% during the first quarter. Versant Capital Management Inc now owns 379 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 78 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Standex International by 183.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 330 shares during the period. Bryn Mawr Capital Management LLC purchased a new position in shares of Standex International in the 4th quarter worth approximately $201,000. Finally, Cibc World Markets Corp bought a new position in shares of Standex International during the 4th quarter valued at approximately $203,000. Institutional investors own 90.35% of the company’s stock.
Wall Street Analysts Forecast Growth
SXI has been the subject of several recent analyst reports. DA Davidson dropped their price objective on shares of Standex International from $207.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Roth Capital upgraded Standex International to a “strong-buy” rating in a research report on Wednesday, April 9th. Wall Street Zen raised Standex International from a “hold” rating to a “buy” rating in a research note on Saturday, May 31st. William Blair reissued an “outperform” rating on shares of Standex International in a research note on Tuesday, March 11th. Finally, Barrington Research restated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a report on Friday, May 2nd. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Standex International has a consensus rating of “Buy” and an average target price of $223.33.
Standex International Price Performance
SXI opened at $156.88 on Friday. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.30 and a beta of 1.07. The company has a current ratio of 3.40, a quick ratio of 2.56 and a debt-to-equity ratio of 0.84. Standex International Corporation has a 12-month low of $128.85 and a 12-month high of $212.66. The business’s fifty day simple moving average is $150.97 and its 200-day simple moving average is $169.52.
Standex International (NYSE:SXI – Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.03. Standex International had a net margin of 8.09% and a return on equity of 13.39%. The company had revenue of $207.78 million for the quarter, compared to analysts’ expectations of $203.71 million. During the same period in the prior year, the business earned $1.75 EPS. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. On average, equities research analysts anticipate that Standex International Corporation will post 7.9 earnings per share for the current fiscal year.
Standex International Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.28 dividend on an annualized basis and a yield of 0.82%. Standex International’s dividend payout ratio is currently 25.30%.
Insider Buying and Selling at Standex International
In related news, Director Barbara Joanne Edwards sold 355 shares of the company’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total transaction of $55,426.15. Following the completion of the sale, the director now directly owns 5,259 shares in the company, valued at $821,087.67. This represents a 6.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.10% of the company’s stock.
About Standex International
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.
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