State of Alaska Department of Revenue Boosts Stake in Standex International Co. (NYSE:SXI)

State of Alaska Department of Revenue boosted its position in Standex International Co. (NYSE:SXI) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,866 shares of the industrial products company’s stock after purchasing an additional 100 shares during the period. State of Alaska Department of Revenue’s holdings in Standex International were worth $1,283,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SXI. Heck Capital Advisors LLC acquired a new position in Standex International in the 4th quarter valued at $1,333,000. Hanson & Doremus Investment Management raised its stake in shares of Standex International by 117.4% during the fourth quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 500 shares during the period. Ibex Wealth Advisors purchased a new position in Standex International in the fourth quarter valued at about $285,000. KBC Group NV boosted its stake in Standex International by 45.7% during the 4th quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 172 shares during the last quarter. Finally, apricus wealth LLC bought a new stake in Standex International in the fourth quarter valued at about $299,000. 90.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Standex International

In other news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the completion of the transaction, the chief financial officer now owns 16,086 shares in the company, valued at $3,143,847.84. This trade represents a 11.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SXI. Benchmark increased their price target on Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barrington Research reiterated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research report on Monday, February 3rd. StockNews.com cut Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, DA Davidson increased their price objective on Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, February 4th.

Standex International Stock Down 2.0 %

Shares of SXI stock opened at $190.13 on Thursday. The stock has a market cap of $2.26 billion, a P/E ratio of 41.51, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.83. Standex International Co. has a one year low of $152.58 and a one year high of $212.65. The stock has a fifty day moving average price of $191.64 and a 200 day moving average price of $185.93.

Standex International (NYSE:SXI) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. Analysts predict that Standex International Co. will post 8 earnings per share for the current year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a yield of 0.67%. Standex International’s payout ratio is presently 27.95%.

Standex International 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.