8,150 Shares in Standex International Co. (NYSE:SXI) Purchased by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Standex International Co. (NYSE:SXI - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,150 shares of the industrial products company's stock, valued at approximately $1,490,000. B. Metzler seel. Sohn & Co. Holding AG owned 0.07% of Standex International at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SXI. Copeland Capital Management LLC lifted its stake in shares of Standex International by 0.8% in the third quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company's stock worth $101,670,000 after acquiring an additional 4,281 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Standex International by 0.3% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 254,841 shares of the industrial products company's stock valued at $41,068,000 after acquiring an additional 771 shares during the last quarter. Leeward Investments LLC MA lifted its holdings in shares of Standex International by 5.6% in the second quarter. Leeward Investments LLC MA now owns 132,054 shares of the industrial products company's stock valued at $21,281,000 after purchasing an additional 7,020 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Standex International by 4.1% in the third quarter. Handelsbanken Fonder AB now owns 127,700 shares of the industrial products company's stock valued at $23,341,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Standex International by 5.1% during the second quarter. Envestnet Asset Management Inc. now owns 98,671 shares of the industrial products company's stock worth $15,901,000 after acquiring an additional 4,768 shares in the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Standex International

In related news, Director Thomas J. Hansen sold 1,661 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction of $349,491.01. Following the sale, the director now owns 11,431 shares of the company's stock, valued at approximately $2,405,196.71. This represents a 12.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ademir Sarcevic sold 1,600 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total transaction of $319,696.00. Following the sale, the chief financial officer now directly owns 18,086 shares in the company, valued at $3,613,763.66. This trade represents a 8.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,061 shares of company stock valued at $1,359,419 over the last three months. Corporate insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

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

Standex International Stock Performance

Standex International stock traded up $2.82 during trading hours on Friday, hitting $204.62. The company had a trading volume of 49,052 shares, compared to its average volume of 46,288. The firm has a market cap of $2.47 billion, a PE ratio of 33.53, a PEG ratio of 2.86 and a beta of 1.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83. Standex International Co. has a one year low of $131.96 and a one year high of $211.90. The firm has a 50-day moving average of $185.95 and a 200 day moving average of $175.77.

Standex International (NYSE:SXI - Get Free Report) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.66 by $0.05. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The company had revenue of $170.50 million for the quarter, compared to analysts' expectations of $178.94 million. During the same period last year, the firm earned $1.74 earnings per share. The business's revenue for the quarter was down 7.7% on a year-over-year basis. On average, sell-side analysts expect that Standex International Co. will post 7.84 earnings per share for the current year.

Standex International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.32 dividend. This is an increase from Standex International's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 0.63%. The ex-dividend date was Friday, November 8th. Standex International's payout ratio is 20.98%.

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.