Captrust Financial Advisors Acquires 1,061 Shares of Standex International Co. (NYSE:SXI)

Captrust Financial Advisors boosted its stake in shares of Standex International Co. (NYSE:SXI) by 21.4% in the third quarter, HoldingsChannel reports. The firm owned 6,020 shares of the industrial products company’s stock after purchasing an additional 1,061 shares during the quarter. Captrust Financial Advisors’ holdings in Standex International were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SXI. GAMMA Investing LLC boosted its holdings in shares of Standex International by 93.5% during the 3rd quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock worth $27,000 after buying an additional 72 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Standex International during the second quarter worth approximately $32,000. Peterson Financial Group Inc. acquired a new position in shares of Standex International in the third quarter valued at approximately $44,000. US Bancorp DE increased its stake in shares of 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 purchasing an additional 82 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in Standex International by 95.5% during the 2nd quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 358 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SXI shares. StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Benchmark boosted their price target on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Barrington Research reiterated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research note on Wednesday, October 30th.

Insiders Place Their Bets

In related news, CFO Ademir Sarcevic sold 1,600 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total transaction of $319,696.00. Following the sale, the chief financial officer now owns 18,086 shares in the company, valued at $3,613,763.66. The trade was a 8.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $210.41, for a total value of $349,491.01. Following the completion of the transaction, the director now owns 11,431 shares of the company’s stock, valued at $2,405,196.71. This represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,061 shares of company stock valued at $1,359,419. 2.10% of the stock is currently owned by insiders.

Standex International Trading Down 0.6 %

Shares of SXI opened at $204.04 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. Standex International Co. has a 52-week low of $137.40 and a 52-week high of $212.65. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 2.98 and a beta of 1.05. The business’s fifty day moving average is $191.89 and its 200-day moving average is $178.18.

Standex International (NYSE:SXI) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 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 firm had revenue of $170.50 million during the quarter, compared to analysts’ expectations of $178.94 million. During the same quarter in the prior year, the business earned $1.74 earnings per share. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. Equities analysts anticipate that Standex International Co. will post 7.84 EPS for the current fiscal year.

Standex International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.28 dividend on an annualized basis and a yield of 0.63%. This is a positive change from Standex International’s previous quarterly dividend of $0.30. Standex International’s dividend payout ratio (DPR) is currently 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.