Bryn Mawr Capital Management LLC acquired a new stake in shares of Standex International Co. (NYSE:SXI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 43,213 shares of the industrial products company's stock, valued at approximately $8,080,000. Bryn Mawr Capital Management LLC owned about 0.36% of Standex International as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Walleye Capital LLC purchased a new stake in Standex International during the 3rd quarter valued at about $250,000. State Street Corp boosted its holdings in shares of Standex International by 5.1% during the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company's stock valued at $88,849,000 after acquiring an additional 23,786 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Standex International by 2.7% during 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 acquiring an additional 3,844 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Standex International during the 3rd quarter valued at about $770,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Standex International by 0.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,064 shares of the industrial products company's stock valued at $6,043,000 after acquiring an additional 276 shares during the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on SXI shares. StockNews.com downgraded shares of Standex International from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Benchmark raised their price target on shares of Standex International from $210.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. DA Davidson raised their price target on shares of Standex International from $222.00 to $224.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Finally, Barrington Research reissued an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a report on Monday, February 3rd.
Check Out Our Latest Report on SXI
Standex International Stock Performance
Shares of SXI traded up $2.66 on Friday, reaching $189.46. The company's stock had a trading volume of 90,737 shares, compared to its average volume of 56,648. Standex International Co. has a 12-month low of $154.45 and a 12-month high of $212.65. The stock has a market capitalization of $2.25 billion, a P/E ratio of 41.37, a PEG ratio of 2.63 and a beta of 1.06. The stock's 50 day simple moving average is $189.28 and its two-hundred day simple moving average is $186.40. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61.
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 (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. Research analysts forecast that Standex International Co. will post 7.9 earnings per share for the current fiscal year.
Standex International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, February 14th. Standex International's dividend payout ratio is 27.95%.
Insider Activity
In other news, CFO Ademir Sarcevic sold 2,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 16,086 shares of the company's stock, valued at approximately $3,143,847.84. The trade was a 11.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.10% of the company's stock.
Standex International Profile
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Free Report)
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.
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