Contravisory Investment Management Inc. Takes $263,000 Position in Standex International Co. (NYSE:SXI)

Contravisory Investment Management Inc. bought a new stake in shares of Standex International Co. (NYSE:SXI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,407 shares of the industrial products company's stock, valued at approximately $263,000.

Several other hedge funds also recently added to or reduced their stakes in SXI. Texas Permanent School Fund Corp increased its holdings in Standex International by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 10,451 shares of the industrial products company's stock valued at $1,684,000 after buying an additional 62 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Standex International by 27.0% in the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company's stock valued at $56,000 after purchasing an additional 64 shares in the last quarter. GAMMA Investing LLC raised its holdings in Standex International by 93.5% in the 3rd 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 period. US Bancorp DE boosted its position in Standex International by 15.2% during the third quarter. US Bancorp DE now owns 623 shares of the industrial products company's stock worth $114,000 after purchasing an additional 82 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in Standex International by 3.7% in the third quarter. Inspire Investing LLC now owns 2,544 shares of the industrial products company's stock valued at $465,000 after purchasing an additional 90 shares during the period. 90.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Benchmark upped their target price on Standex International from $210.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Barrington Research restated an "outperform" rating and set a $220.00 price objective on shares of Standex International in a research report on Wednesday, October 30th.

Standex International Price Performance

NYSE SXI traded up $4.18 during mid-day trading on Friday, hitting $190.65. The stock had a trading volume of 46,001 shares, compared to its average volume of 45,959. The firm's 50 day moving average is $197.63 and its 200 day moving average is $183.53. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 2.51 and a beta of 1.07. Standex International Co. has a twelve month low of $141.90 and a twelve month high of $212.65.

Standex International (NYSE:SXI - Get Free Report) 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 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 quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.74 earnings per share. Equities research analysts forecast that Standex International Co. will post 7.84 earnings per share for the current fiscal year.

Standex International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.67%. This is a positive change from Standex International's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, November 8th. Standex International's dividend payout ratio (DPR) is 20.98%.

Insider Transactions at Standex International

In related news, Director Thomas J. Hansen sold 1,661 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction of $349,491.01. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ademir Sarcevic sold 3,800 shares of Standex International stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $181.64, for a total transaction of $690,232.00. Following the transaction, the chief financial officer now directly owns 19,686 shares in the company, valued at $3,575,765.04. This trade represents a 16.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,061 shares of company stock worth $1,359,419 in the last ninety days. Insiders own 2.10% of the company's stock.

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.