Charles Schwab Investment Management Inc. Acquires 5,012 Shares of Standex International Co. (NYSE:SXI)

Charles Schwab Investment Management Inc. grew its position in shares of Standex International Co. (NYSE:SXI - Free Report) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 148,895 shares of the industrial products company's stock after acquiring an additional 5,012 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.23% of Standex International worth $27,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in SXI. Versant Capital Management Inc raised its holdings in shares of Standex International by 27.0% in the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company's stock worth $56,000 after purchasing an additional 64 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Standex International by 183.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company's stock valued at $96,000 after buying an additional 330 shares during the last quarter. KBC Group NV boosted its position in Standex International by 45.7% during the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company's stock worth $102,000 after purchasing an additional 172 shares during the period. Hanson & Doremus Investment Management grew its stake in Standex International by 117.4% in the 4th quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company's stock valued at $173,000 after buying an additional 500 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC bought a new position in shares of Standex International in the fourth quarter worth $201,000. Institutional investors own 90.35% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of brokerages recently issued reports on SXI. William Blair reissued an "outperform" rating on shares of Standex International in a report on Tuesday, March 11th. DA Davidson increased their price target on shares of Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. StockNews.com cut shares of Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Barrington Research reiterated an "outperform" rating and issued a $220.00 target price on shares of Standex International in a research note on Friday, February 28th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $231.33.

Standex International Price Performance

Shares of SXI traded down $4.72 during trading hours on Friday, reaching $164.32. 94,042 shares of the company's stock traded hands, compared to its average volume of 50,593. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. The firm's 50 day simple moving average is $185.80 and its 200-day simple moving average is $187.51. The stock has a market cap of $1.96 billion, a PE ratio of 35.88, 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 $212.66.

Standex International (NYSE:SXI - Get Free Report) last announced its earnings results 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%. Equities analysts expect that Standex International Co. will post 7.9 EPS for the current year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.32 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a yield of 0.78%. Standex International's dividend payout ratio is presently 27.95%.

Insider Buying and Selling at Standex International

In other news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction dated 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 directly owns 16,086 shares in the company, 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 can be accessed through this link. Company insiders own 2.10% of the company's stock.

About Standex International

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.