Charles Schwab Investment Management Inc. Purchases 3,844 Shares of Standex International Co. (NYSE:SXI)

Charles Schwab Investment Management Inc. increased its position in shares of Standex International Co. (NYSE:SXI - Free Report) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,883 shares of the industrial products company's stock after purchasing an additional 3,844 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.19% of Standex International worth $26,299,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Millennium Management LLC acquired a new stake in shares of Standex International in the 2nd quarter worth about $4,299,000. Squarepoint Ops LLC acquired a new stake in shares of Standex International in the second quarter valued at approximately $3,523,000. Raymond James & Associates raised its holdings in shares of Standex International by 32.3% during the third quarter. Raymond James & Associates now owns 47,138 shares of the industrial products company's stock valued at $8,616,000 after buying an additional 11,516 shares during the last quarter. Anchor Capital Management Company LLC boosted its position in shares of Standex International by 19.2% during the second quarter. Anchor Capital Management Company LLC now owns 67,843 shares of the industrial products company's stock worth $10,933,000 after buying an additional 10,906 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Standex International in the 3rd quarter worth approximately $1,490,000. Institutional investors own 90.35% of the company's stock.

Insider Activity at Standex International

In related news, Director Thomas J. Hansen sold 1,661 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $210.41, for a total transaction of $349,491.01. Following the completion of the transaction, the director now directly owns 11,431 shares in the company, valued at $2,405,196.71. The trade was a 12.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ademir Sarcevic sold 3,800 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 19,686 shares in the company, valued at $3,575,765.04. The trade was a 16.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,061 shares of company stock valued at $1,359,419 over the last three months. 2.10% of the stock is owned by insiders.

Standex International Price Performance

NYSE SXI traded down $4.42 on Thursday, reaching $205.51. The company's stock had a trading volume of 30,436 shares, compared to its average volume of 55,477. Standex International Co. has a 52 week low of $137.40 and a 52 week high of $212.65. The firm has a market cap of $2.48 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 2.95 and a beta of 1.05. The business has a 50-day moving average price of $191.00 and a 200 day moving average price of $177.67. The company has a current ratio of 3.55, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23.

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

Standex International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Friday, November 8th. This is a boost from Standex International's previous quarterly dividend of $0.30. Standex International's payout ratio is currently 20.98%.

Analysts Set New Price Targets

A number of research analysts have issued reports on SXI shares. Barrington Research reiterated an "outperform" rating and set a $220.00 price target on shares of Standex International in a research report on Wednesday, October 30th. Benchmark increased their target price 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. Finally, StockNews.com upgraded shares of Standex International from a "hold" rating to a "buy" rating in a research report on Wednesday, August 14th.

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.