Kovitz Investment Group Partners LLC Makes New $2.82 Million Investment in Standex International Co. (NYSE:SXI)

Kovitz Investment Group Partners LLC acquired a new position in shares of Standex International Co. (NYSE:SXI - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,623 shares of the industrial products company's stock, valued at approximately $2,821,000. Kovitz Investment Group Partners LLC owned 0.13% of Standex International as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its position 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 worth $27,000 after purchasing an additional 72 shares during the period. Canada Pension Plan Investment Board bought a new position in Standex International in the second quarter worth approximately $32,000. Peterson Financial Group Inc. purchased a new stake in Standex International during the third quarter worth $44,000. US Bancorp DE boosted 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 acquiring an additional 82 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Standex International by 95.5% in the 2nd quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company's stock valued at $118,000 after acquiring an additional 358 shares during the period. 90.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SXI has been the subject of a number of analyst reports. StockNews.com upgraded Standex International from a "hold" rating to a "buy" rating in a research note on Wednesday, August 14th. Benchmark increased their price target 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. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a research report on Wednesday, October 30th.

Standex International Stock Up 1.1 %

Shares of Standex International stock traded up $2.31 during trading on Tuesday, reaching $207.26. The company's stock had a trading volume of 41,217 shares, compared to its average volume of 55,216. Standex International Co. has a 1-year low of $137.90 and a 1-year high of $212.65. The company has a 50-day simple moving average of $192.34 and a two-hundred day simple moving average of $178.44. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 2.89 and a beta of 1.05.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share 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 during the quarter, compared to the consensus estimate of $178.94 million. During the same quarter last year, the company earned $1.74 earnings per share. The company's quarterly revenue was down 7.7% on a year-over-year basis. As a group, equities analysts forecast that Standex International Co. will post 7.84 earnings per share for the current year.

Standex International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.32 per share. This is a positive change from Standex International's previous quarterly dividend of $0.30. The ex-dividend date was Friday, November 8th. This represents a $1.28 dividend on an annualized basis and a yield of 0.62%. Standex International's dividend payout ratio is presently 20.98%.

Insider Buying and Selling at Standex International

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 3,800 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $181.64, for a total transaction of $690,232.00. Following the completion of the transaction, the chief financial officer now owns 19,686 shares in the company, valued at approximately $3,575,765.04. This trade represents a 16.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,061 shares of company stock worth $1,359,419. 2.10% of the stock is owned by corporate insiders.

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.