Swiss National Bank Has $4.38 Million Stake in Standex International Co. (NYSE:SXI)

Swiss National Bank grew its stake in shares of Standex International Co. (NYSE:SXI) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,400 shares of the industrial products company’s stock after buying an additional 200 shares during the period. Swiss National Bank’s holdings in Standex International were worth $4,376,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc boosted its stake in Standex International by 27.0% during the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 64 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Standex International by 183.3% during the fourth 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 in the last quarter. KBC Group NV grew its holdings in shares of Standex International by 45.7% in the 4th quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock valued at $102,000 after buying an additional 172 shares during the period. Hanson & Doremus Investment Management increased its position in shares of Standex International by 117.4% in the 4th quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company’s stock valued at $173,000 after buying an additional 500 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC acquired a new stake in Standex International during the 4th quarter worth $201,000. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Standex International Stock Down 0.3 %

Shares of SXI stock opened at $168.77 on Wednesday. The firm’s fifty day moving average price is $185.05 and its two-hundred day moving average price is $187.67. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. Standex International Co. has a 1 year low of $154.45 and a 1 year high of $212.66. The firm has a market capitalization of $2.01 billion, a P/E ratio of 36.85, a PEG ratio of 2.63 and a beta of 1.02.

Standex International (NYSE:SXI) last released its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts predict that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Friday, February 14th. Standex International’s payout ratio is presently 27.95%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SXI shares. Barrington Research reissued an “outperform” rating and set a $220.00 target price on shares of Standex International in a research note on Friday, February 28th. William Blair reissued an “outperform” rating on shares of Standex International in a research report on Tuesday, March 11th. DA Davidson boosted their price objective on shares of Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, StockNews.com cut Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Standex International currently has a consensus rating of “Moderate Buy” and an average target price of $231.33.

Insider Activity at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.10% of the stock is owned by company insiders.

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.