Bank of New York Mellon Corp Reduces Stock Position in Standex International Co. (NYSE:SXI)

Bank of New York Mellon Corp trimmed its stake in Standex International Co. (NYSE:SXI - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,179 shares of the industrial products company's stock after selling 5,330 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.84% of Standex International worth $18,920,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SXI. Versant Capital Management Inc raised its position in shares of Standex International by 27.0% in the fourth 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 during the period. US Bancorp DE raised its position in shares of Standex International by 15.2% in the third quarter. US Bancorp DE now owns 623 shares of the industrial products company's stock valued at $114,000 after purchasing an additional 82 shares during the period. State of Alaska Department of Revenue raised its position in shares of Standex International by 1.5% in the fourth quarter. State of Alaska Department of Revenue now owns 6,866 shares of the industrial products company's stock valued at $1,283,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Standex International by 1.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the industrial products company's stock valued at $1,085,000 after purchasing an additional 100 shares during the period. Finally, Diversified Trust Co raised its position in shares of Standex International by 1.9% in the fourth quarter. Diversified Trust Co now owns 5,872 shares of the industrial products company's stock valued at $1,098,000 after purchasing an additional 110 shares during the period. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other news, CFO Ademir Sarcevic sold 2,000 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the completion of the sale, the chief financial officer now owns 16,086 shares of the company's stock, valued at approximately $3,143,847.84. This represents a 11.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SXI. DA Davidson boosted their price target on shares of Standex International from $222.00 to $224.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. StockNews.com lowered shares of Standex International from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Barrington Research reaffirmed an "outperform" rating and set a $220.00 target price on shares of Standex International in a report on Friday, February 28th. Finally, William Blair reaffirmed an "outperform" rating on shares of Standex International in a report on Tuesday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Standex International currently has an average rating of "Moderate Buy" and an average target price of $231.33.

Standex International Price Performance

Shares of NYSE:SXI traded down $9.38 during trading on Thursday, reaching $172.12. The company had a trading volume of 73,878 shares, compared to its average volume of 56,806. The company has a fifty day moving average of $187.47 and a two-hundred day moving average of $187.73. The stock has a market capitalization of $2.05 billion, a P/E ratio of 37.58, a price-to-earnings-growth ratio of 2.63 and a beta of 1.02. Standex International Co. has a 12 month low of $154.45 and a 12 month high of $212.65. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. Equities research analysts forecast that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.74%. Standex International's dividend payout ratio (DPR) is 27.95%.

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.