Standex International Co. (NYSE:SXI) Holdings Lowered by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in Standex International Co. (NYSE:SXI) by 4.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,668 shares of the industrial products company’s stock after selling 1,926 shares during the period. Victory Capital Management Inc.’s holdings in Standex International were worth $7,982,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Texas Permanent School Fund Corp boosted its stake in Standex International by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 10,451 shares of the industrial products company’s stock valued at $1,684,000 after purchasing an additional 62 shares in the last quarter. GAMMA Investing LLC raised its position in Standex International by 93.5% in the third quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 72 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in Standex International by 1.9% in the 2nd quarter. Raymond James Trust N.A. now owns 4,393 shares of the industrial products company’s stock valued at $708,000 after acquiring an additional 82 shares during the last quarter. US Bancorp DE boosted its position in shares of Standex International by 15.2% during the 3rd quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 82 shares in the last quarter. Finally, Inspire Investing LLC grew its stake in shares of Standex International by 3.7% in the 3rd quarter. Inspire Investing LLC now owns 2,544 shares of the industrial products company’s stock worth $465,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SXI shares. StockNews.com upgraded shares of Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Barrington Research reaffirmed an “outperform” rating and set a $220.00 target price on shares of Standex International in a research report on Wednesday, October 30th. DA Davidson lifted their price target on Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, Benchmark upped their price objective on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th.

Insider Buying and Selling at Standex International

In related news, CFO Ademir Sarcevic sold 3,800 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $181.64, for a total transaction of $690,232.00. Following the completion of the transaction, the chief financial officer now owns 19,686 shares in the company, valued at approximately $3,575,765.04. The trade was a 16.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas J. Hansen sold 1,661 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction of $349,491.01. Following the completion of the transaction, the director now directly owns 11,431 shares of the company’s stock, valued at $2,405,196.71. This trade represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Standex International Stock Performance

Shares of NYSE SXI opened at $201.68 on Friday. The business’s 50-day simple moving average is $185.30 and its 200-day simple moving average is $175.52. Standex International Co. has a 52 week low of $131.96 and a 52 week high of $211.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 33.06, a P/E/G ratio of 2.89 and a beta of 1.03.

Standex International (NYSE:SXI) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.05. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The business had revenue of $170.50 million for the quarter, compared to analyst estimates of $178.94 million. During the same quarter in the previous year, the firm posted $1.74 earnings per share. Standex International’s revenue was down 7.7% compared to the same quarter last year. As a group, equities research analysts expect that Standex International Co. will post 7.84 earnings per share for the current fiscal year.

Standex International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.32 dividend. This is an increase from Standex International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.28 annualized dividend and a yield of 0.63%. Standex International’s payout ratio is presently 20.98%.

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.