Geode Capital Management LLC Boosts Holdings in Standex International Co. (NYSE:SXI)

Geode Capital Management LLC increased its holdings in shares of Standex International Co. (NYSE:SXI - Free Report) by 3.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 308,217 shares of the industrial products company's stock after acquiring an additional 9,119 shares during the period. Geode Capital Management LLC owned about 2.55% of Standex International worth $56,345,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Texas Permanent School Fund Corp raised its stake in Standex International by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 10,451 shares of the industrial products company's stock worth $1,684,000 after buying an additional 62 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Standex International by 93.5% during the 3rd quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company's stock worth $27,000 after purchasing an additional 72 shares during the last quarter. Raymond James Trust N.A. lifted its stake in shares of Standex International by 1.9% during the 2nd quarter. Raymond James Trust N.A. now owns 4,393 shares of the industrial products company's stock worth $708,000 after purchasing an additional 82 shares during the last quarter. US Bancorp DE boosted its position in Standex International by 15.2% during 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 in the last quarter. Finally, Inspire Investing LLC grew its stake in Standex International by 3.7% in the third quarter. Inspire Investing LLC now owns 2,544 shares of the industrial products company's stock valued at $465,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 90.35% of the company's stock.

Standex International Stock Down 0.5 %

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

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

Standex International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.32 per share. This is an increase from Standex International's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, November 8th. Standex International's payout ratio is presently 20.98%.

Insider Activity

In related news, Director Thomas J. Hansen sold 1,661 shares of Standex International 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 sale, the director now owns 11,431 shares of the company's stock, 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 document filed with the SEC, which is available through this hyperlink. Also, CFO Ademir Sarcevic sold 1,600 shares of the 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 completion of the transaction, the chief financial officer now owns 18,086 shares in the company, valued at approximately $3,613,763.66. This trade represents a 8.13 % decrease in their position. 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 ninety days. 2.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on SXI. Barrington Research reissued 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.

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.