Proficio Capital Partners LLC Buys New Holdings in Standex International Co. (NYSE:SXI)

Proficio Capital Partners LLC acquired a new stake in Standex International Co. (NYSE:SXI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,276 shares of the industrial products company's stock, valued at approximately $2,482,000. Proficio Capital Partners LLC owned about 0.11% of Standex International as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Walleye Capital LLC acquired a new stake in shares of Standex International in the 3rd quarter valued at about $250,000. State Street Corp boosted its position in shares of Standex International by 5.1% in the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company's stock valued at $88,849,000 after purchasing an additional 23,786 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Standex International by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company's stock valued at $26,299,000 after purchasing an additional 3,844 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Standex International by 183.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company's stock valued at $96,000 after purchasing an additional 330 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Standex International in the 3rd quarter valued at about $770,000. 90.35% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Standex International

In other news, CFO Ademir Sarcevic sold 2,000 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $195.44, for a total transaction of $390,880.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is currently owned by company insiders.

Standex International Price Performance

Shares of SXI traded down $4.72 during mid-day trading on Friday, hitting $164.32. The company's stock had a trading volume of 244,939 shares, compared to its average volume of 50,570. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. The firm has a 50-day simple moving average of $185.53 and a 200 day simple moving average of $187.41. The firm has a market capitalization of $1.96 billion, a P/E ratio of 35.88, a P/E/G ratio of 2.63 and a beta of 1.02. Standex International Co. has a 1-year low of $154.45 and a 1-year high of $212.66.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, beating the consensus estimate 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 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Friday, February 14th. Standex International's payout ratio is currently 27.95%.

Wall Street Analyst Weigh In

SXI has been the subject of a number of recent research reports. Barrington Research reaffirmed an "outperform" rating and set a $220.00 price objective on shares of Standex International in a research report on Friday, February 28th. StockNews.com cut Standex International from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. William Blair reaffirmed an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. Finally, DA Davidson increased their price objective on Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Standex International currently has a consensus rating of "Moderate Buy" and a consensus price target of $231.33.

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.