Standex International Co. (NYSE:SXI) Holdings Raised by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its position in shares of Standex International Co. (NYSE:SXI - Free Report) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,886 shares of the industrial products company's stock after buying an additional 2,239 shares during the period. Advisors Asset Management Inc. owned about 0.11% of Standex International worth $2,410,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SXI. Wasatch Advisors LP boosted its stake in shares of Standex International by 24.6% during the 3rd quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company's stock valued at $84,092,000 after buying an additional 90,770 shares during the last quarter. Raymond James Financial Inc. bought a new position in Standex International during the 4th quarter valued at $11,296,000. Bryn Mawr Capital Management LLC acquired a new position in Standex International during the 4th quarter worth $8,080,000. State Street Corp increased 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 worth $88,849,000 after purchasing an additional 23,786 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of Standex International in the 3rd quarter worth about $2,821,000. Institutional investors and hedge funds own 90.35% of the company's stock.

Insider Buying and Selling

In other news, CFO Ademir Sarcevic sold 2,000 shares of Standex International 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.10% of the company's stock.

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Standex International Stock Performance

SXI stock traded down $1.40 during midday trading on Wednesday, reaching $167.09. The company had a trading volume of 45,975 shares, compared to its average volume of 50,928. The firm has a market capitalization of $1.99 billion, a PE ratio of 36.48, a P/E/G ratio of 2.63 and a beta of 1.02. The stock has a 50 day moving average price of $185.05 and a 200 day moving average price of $187.67. Standex International Co. has a fifty-two week low of $154.45 and a fifty-two week high of $212.66. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81.

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 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%. Analysts anticipate that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.28 annualized dividend and a dividend yield of 0.77%. Standex International's dividend payout ratio is currently 27.95%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SXI. DA Davidson lifted their price target on Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. William Blair reiterated an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. Barrington Research reissued an "outperform" rating and set a $220.00 price target on shares of Standex International in a research report on Friday, February 28th. Finally, StockNews.com downgraded shares of 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 assigned a buy rating to the company. According to data from MarketBeat, Standex International currently has a consensus rating of "Moderate Buy" and a consensus price target of $231.33.

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.