Standex International Co. (NYSE:SXI) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp raised its holdings in shares of Standex International Co. (NYSE:SXI) by 9.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,782 shares of the industrial products company’s stock after purchasing an additional 2,566 shares during the period. Stifel Financial Corp owned about 0.25% of Standex International worth $5,444,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its position 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 valued at $27,000 after buying an additional 72 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Standex International during the second quarter valued at approximately $32,000. Peterson Financial Group Inc. acquired a new stake in shares of Standex International during the 3rd quarter worth approximately $44,000. US Bancorp DE lifted its holdings in shares of Standex International by 15.2% in the 3rd 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 last quarter. Finally, Fifth Third Bancorp boosted its position in Standex International by 95.5% during the 2nd quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 358 shares during the period. 90.35% of the stock is owned by institutional investors and hedge funds.

Standex International Stock Down 1.4 %

Shares of Standex International stock opened at $203.04 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83. Standex International Co. has a 1-year low of $140.04 and a 1-year high of $212.65. The business’s fifty day moving average price is $194.49 and its two-hundred day moving average price is $179.44. The company has a market capitalization of $2.45 billion, a P/E ratio of 33.29, a PEG ratio of 2.97 and a beta of 1.05.

Standex International (NYSE:SXI) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.05. The business had revenue of $170.50 million for the quarter, compared to analysts’ expectations of $178.94 million. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The company’s revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.74 earnings per share. As a group, research analysts forecast that Standex International Co. will post 7.84 EPS for the current year.

Standex International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Friday, November 8th. 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%.

Insider Activity at Standex International

In other news, Director Thomas J. Hansen sold 1,661 shares of Standex International stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.41, for a total transaction of $349,491.01. Following the transaction, the director now directly owns 11,431 shares in the company, valued at approximately $2,405,196.71. This trade represents a 12.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ademir Sarcevic sold 1,600 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $199.81, for a total value of $319,696.00. Following the completion of the sale, the chief financial officer now owns 18,086 shares of the company’s stock, valued at approximately $3,613,763.66. This trade represents a 8.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,061 shares of company stock worth $1,359,419 over the last quarter. 2.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SXI. Barrington Research reaffirmed an “outperform” rating and issued a $220.00 target price on shares of Standex International in a research report on Wednesday, October 30th. Benchmark lifted their price objective on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th.

Standex International Company Profile

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.