Jane Street Group LLC Boosts Stake in Standex International Co. (NYSE:SXI)

Jane Street Group LLC boosted its stake in shares of Standex International Co. (NYSE:SXI - Free Report) by 14.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,249 shares of the industrial products company's stock after buying an additional 3,150 shares during the quarter. Jane Street Group LLC owned approximately 0.20% of Standex International worth $4,432,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its position 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 valued at $27,000 after acquiring an additional 72 shares during the period. Canada Pension Plan Investment Board purchased a new position in Standex International in the second quarter valued at approximately $32,000. Peterson Financial Group Inc. bought a new position in Standex International during the third quarter valued at $44,000. US Bancorp DE increased its position in Standex International by 15.2% in the third quarter. US Bancorp DE now owns 623 shares of the industrial products company's stock worth $114,000 after buying an additional 82 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in Standex International by 95.5% in the second quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company's stock worth $118,000 after buying an additional 358 shares during the last quarter. Hedge funds and other institutional investors own 90.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barrington Research reiterated an "outperform" rating and set a $220.00 price target on shares of Standex International in a research note on Wednesday, October 30th. Benchmark upped their price objective on shares of Standex International from $210.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, October 30th.

Standex International Stock Performance

SXI stock traded down $8.61 during midday trading on Wednesday, reaching $191.89. 57,547 shares of the company's stock traded hands, compared to its average volume of 55,080. The firm has a market capitalization of $2.32 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 2.88 and a beta of 1.05. The company has a 50-day moving average price of $195.52 and a two-hundred day moving average price of $180.14. Standex International Co. has a 52 week low of $140.04 and a 52 week high of $212.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55.

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

Standex International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.67%. This is an increase from Standex International's previous quarterly dividend of $0.30. The ex-dividend date was Friday, November 8th. Standex International's dividend 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 on 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 approximately $2,405,196.71. This trade represents a 12.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ademir Sarcevic sold 1,600 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total value of $319,696.00. Following the transaction, the chief financial officer now owns 18,086 shares of the company's stock, valued at approximately $3,613,763.66. The trade was a 8.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,061 shares of company stock worth $1,359,419. 2.10% of the stock is owned by company insiders.

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.