Standex International Co. (NYSE:SXI) Position Boosted by Barclays PLC

Barclays PLC raised its holdings in Standex International Co. (NYSE:SXI - Free Report) by 80.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,752 shares of the industrial products company's stock after buying an additional 10,159 shares during the quarter. Barclays PLC owned approximately 0.19% of Standex International worth $4,157,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Standex International by 93.5% in the 3rd quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 72 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Standex International in the second quarter valued at approximately $32,000. Peterson Financial Group Inc. acquired a new position in Standex International during the third quarter valued at approximately $44,000. US Bancorp DE grew its stake 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 buying an additional 82 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of Standex International by 95.5% in the second quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company's stock worth $118,000 after acquiring an additional 358 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company's stock.

Insiders Place Their Bets

In other news, CFO Ademir Sarcevic sold 3,800 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $181.64, for a total transaction of $690,232.00. Following the completion of the transaction, the chief financial officer now owns 19,686 shares of the company's stock, valued at approximately $3,575,765.04. The trade was a 16.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Hansen sold 1,661 shares of the firm'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 completion of the sale, the director now owns 11,431 shares in the company, valued at $2,405,196.71. The trade was a 12.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,061 shares of company stock valued at $1,359,419. Company insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SXI. Benchmark lifted their target price 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. Barrington Research restated an "outperform" rating and set a $220.00 price objective on shares of Standex International in a research note on Wednesday, October 30th.

Standex International Stock Down 0.5 %

Shares of SXI stock traded down $1.00 on Monday, hitting $188.99. The stock had a trading volume of 43,562 shares, compared to its average volume of 55,980. The stock's 50 day moving average is $196.16 and its 200-day moving average is $180.63. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 30.98, a P/E/G ratio of 2.88 and a beta of 1.05. Standex International Co. has a 52-week low of $140.04 and a 52-week high of $212.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $178.94 million. During the same period in the prior year, the company posted $1.74 EPS. The firm's revenue for the quarter was down 7.7% on a year-over-year basis. As a group, research analysts expect that Standex International Co. will post 7.84 earnings per share for the current 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 dividend of $0.32 per share. This is a positive change from Standex International's previous quarterly dividend of $0.30. The ex-dividend date was Friday, November 8th. This represents a $1.28 annualized dividend and a yield of 0.68%. Standex International's payout ratio is presently 20.98%.

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.