Geode Capital Management LLC Purchases 8,923 Shares of Standex International Co. (NYSE:SXI)

Geode Capital Management LLC grew its position in Standex International Co. (NYSE:SXI - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 317,140 shares of the industrial products company's stock after acquiring an additional 8,923 shares during the period. Geode Capital Management LLC owned about 2.67% of Standex International worth $59,314,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SXI. FMR LLC boosted its stake in Standex International by 23.4% during the third quarter. FMR LLC now owns 1,928 shares of the industrial products company's stock worth $352,000 after buying an additional 365 shares during the last quarter. Stifel Financial Corp increased its position in shares of Standex International by 9.4% during the third quarter. Stifel Financial Corp now owns 29,782 shares of the industrial products company's stock valued at $5,444,000 after acquiring an additional 2,566 shares during the last quarter. State Street Corp grew its position in Standex International by 5.1% in the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company's stock valued at $88,849,000 after acquiring an additional 23,786 shares in the last quarter. Jane Street Group LLC increased its position in shares of Standex International by 14.9% during the third quarter. Jane Street Group LLC now owns 24,249 shares of the industrial products company's stock worth $4,432,000 after acquiring an additional 3,150 shares during the period. Finally, MML Investors Services LLC grew its stake in Standex International by 8.2% during the 3rd quarter. MML Investors Services LLC now owns 9,121 shares of the industrial products company's stock worth $1,667,000 after purchasing an additional 694 shares in the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SXI. Barrington Research restated an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a report on Friday, February 28th. Roth Capital upgraded Standex International to a "strong-buy" rating in a research note on Wednesday, April 9th. StockNews.com cut shares of Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. DA Davidson lifted their target price on shares of Standex International from $222.00 to $224.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Finally, William Blair restated an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Standex International has a consensus rating of "Buy" and an average price target of $231.33.

Insider Transactions at Standex International

In other news, CFO Ademir Sarcevic sold 2,000 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $195.44, for a total transaction of $390,880.00. Following the sale, the chief financial officer now owns 16,086 shares in the company, valued at $3,143,847.84. The trade was a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company's stock.

Standex International Trading Down 0.1 %

Shares of NYSE:SXI traded down $0.15 during trading on Friday, reaching $135.66. 59,856 shares of the stock were exchanged, compared to its average volume of 54,771. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37. Standex International Co. has a 12-month low of $130.05 and a 12-month high of $212.66. The firm's 50-day moving average price is $168.97 and its 200 day moving average price is $183.78. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 29.62, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95.

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

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.94%. The ex-dividend date was Friday, February 14th. 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.