JPMorgan Chase & Co. Has $8.86 Million Stake in Standex International Co. (NYSE:SXI)

JPMorgan Chase & Co. decreased its stake in shares of Standex International Co. (NYSE:SXI - Free Report) by 10.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,471 shares of the industrial products company's stock after selling 5,523 shares during the period. JPMorgan Chase & Co. owned 0.40% of Standex International worth $8,860,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SXI. GAMMA Investing LLC increased its stake in shares of Standex International by 93.5% in the 3rd quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company's stock valued at $27,000 after buying an additional 72 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Standex International in the second quarter worth about $32,000. Peterson Financial Group Inc. bought a new stake in Standex International during the 3rd quarter worth about $44,000. US Bancorp DE lifted its position in Standex International by 15.2% during the 3rd 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 during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Standex International by 18,180.0% in the 3rd quarter. International Assets Investment Management LLC now owns 914 shares of the industrial products company's stock valued at $167,000 after purchasing an additional 909 shares during the last quarter. Institutional investors own 90.35% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Benchmark increased 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. Barrington Research restated an "outperform" rating and issued a $220.00 price target on shares of Standex International in a research report on Wednesday, October 30th.

Standex International Trading Up 2.4 %

Shares of SXI stock traded up $4.30 on Tuesday, hitting $183.26. The stock had a trading volume of 42,098 shares, compared to its average volume of 49,350. 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 Co. has a twelve month low of $141.90 and a twelve month high of $212.65. The company has a fifty day moving average price of $198.46 and a two-hundred day moving average price of $183.33. The firm has a market cap of $2.21 billion, a P/E ratio of 30.04, a PEG ratio of 2.88 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 earnings per share (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 company had revenue of $170.50 million during the quarter, compared to the consensus estimate of $178.94 million. During the same period in the prior year, the company earned $1.74 earnings per share. The company's revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, analysts forecast that Standex International Co. will post 7.84 earnings per share for the current fiscal year.

Standex International Increases Dividend

The business 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 annualized dividend and a dividend yield of 0.70%. 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 dividend payout ratio is 20.98%.

Insider Transactions at Standex International

In other news, Director Thomas J. Hansen sold 1,661 shares of the business's stock in a transaction on Monday, November 11th. The shares were 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 $2,405,196.71. The trade was a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ademir Sarcevic sold 1,600 shares of the firm's stock in a transaction on Wednesday, November 20th. The shares were 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 directly owns 18,086 shares of the company's stock, 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 sold 7,061 shares of company stock valued at $1,359,419 over the last quarter. Corporate insiders own 2.10% of the company's stock.

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.