1,527 Shares in Standex International Co. (NYSE:SXI) Acquired by Ibex Wealth Advisors

Ibex Wealth Advisors acquired a new stake in shares of Standex International Co. (NYSE:SXI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,527 shares of the industrial products company's stock, valued at approximately $285,000.

A number of other hedge funds also recently added to or reduced their stakes in SXI. Wasatch Advisors LP raised its stake in shares of Standex International by 24.6% during the third quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company's stock worth $84,092,000 after purchasing an additional 90,770 shares during the last quarter. Millennium Management LLC purchased a new position in Standex International during the 2nd quarter worth $4,299,000. State Street Corp lifted its stake in shares of Standex International by 5.1% in the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company's stock worth $88,849,000 after acquiring an additional 23,786 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Standex International in the second quarter valued at about $3,523,000. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Standex International during the third quarter worth about $2,821,000. 90.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Ademir Sarcevic sold 3,800 shares of the company's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $181.64, for a total value of $690,232.00. Following the sale, the chief financial officer now directly owns 19,686 shares in the company, valued at $3,575,765.04. This represents a 16.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $349,491.01. Following the sale, the director now owns 11,431 shares of the company's stock, valued at approximately $2,405,196.71. This represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,061 shares of company stock worth $1,359,419 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Benchmark raised their price objective 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. Barrington Research restated an "outperform" rating and issued a $220.00 price target on shares of Standex International in a research note on Tuesday.

Standex International Price Performance

SXI stock traded up $2.65 during trading on Thursday, reaching $187.80. 11,377 shares of the company were exchanged, compared to its average volume of 44,302. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. The stock's 50 day moving average price is $195.00 and its 200 day moving average price is $185.46. Standex International Co. has a 52-week low of $141.90 and a 52-week high of $212.65. The company has a market cap of $2.27 billion, a P/E ratio of 30.78, a PEG ratio of 2.72 and a beta of 1.07.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.66 by $0.05. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The business had revenue of $170.50 million for the quarter, compared to analyst estimates of $178.94 million. During the same quarter in the previous year, the company earned $1.74 EPS. The company's quarterly revenue was down 7.7% on a year-over-year basis. As a group, analysts predict that Standex International Co. will post 7.84 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, February 14th. Standex International's dividend payout ratio (DPR) is 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.