Quest Partners LLC Takes Position in Standex International Co. (NYSE:SXI)

Quest Partners LLC purchased a new position in Standex International Co. (NYSE:SXI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,210 shares of the industrial products company’s stock, valued at approximately $770,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Standex International by 93.5% during the third quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 72 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Standex International in the second quarter valued at about $32,000. Peterson Financial Group Inc. bought a new position in Standex International in the third quarter valued at about $44,000. US Bancorp DE grew its holdings 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 during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Standex International by 95.5% during the second quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company’s stock worth $118,000 after buying an additional 358 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

Analyst Upgrades and Downgrades

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

Standex International Trading Up 1.2 %

SXI opened at $201.68 on Friday. The company has a fifty day moving average price of $185.30 and a two-hundred day moving average price of $175.52. Standex International Co. has a 1-year low of $131.96 and a 1-year high of $211.90. The company has a market cap of $2.44 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 2.89 and a beta of 1.03. The company has a current ratio of 3.55, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23.

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

Standex International Increases Dividend

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

Insider Buying and Selling at Standex International

In other news, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $210.41, for a total value of $349,491.01. Following the completion of the sale, the director now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ademir Sarcevic sold 3,800 shares of Standex International stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $181.64, for a total value of $690,232.00. Following the transaction, the chief financial officer now directly owns 19,686 shares in the company, valued at approximately $3,575,765.04. The trade was a 16.18 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

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.