New York State Teachers Retirement System Has $3.86 Million Stock Position in Standex International Co. (NYSE:SXI)

New York State Teachers Retirement System lessened its holdings in shares of Standex International Co. (NYSE:SXI - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,623 shares of the industrial products company's stock after selling 1,608 shares during the quarter. New York State Teachers Retirement System owned approximately 0.17% of Standex International worth $3,856,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its position in Standex International by 27.0% during the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company's stock valued at $56,000 after acquiring an additional 64 shares in the last quarter. US Bancorp DE grew its holdings in Standex International by 15.2% during the third 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 last quarter. State of Alaska Department of Revenue grew its holdings in Standex International by 1.5% during the fourth quarter. State of Alaska Department of Revenue now owns 6,866 shares of the industrial products company's stock valued at $1,283,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Standex International by 1.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the industrial products company's stock valued at $1,085,000 after purchasing an additional 100 shares during the last quarter. Finally, Diversified Trust Co grew its holdings in Standex International by 1.9% during the fourth quarter. Diversified Trust Co now owns 5,872 shares of the industrial products company's stock valued at $1,098,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 90.35% of the company's stock.

Standex International Stock Performance

Shares of Standex International stock traded down $1.58 during midday trading on Monday, hitting $188.17. The company had a trading volume of 74,874 shares, compared to its average volume of 56,831. The stock has a market cap of $2.24 billion, a PE ratio of 41.08, a P/E/G ratio of 2.63 and a beta of 1.06. Standex International Co. has a 1-year low of $154.45 and a 1-year high of $212.65. The business's 50 day simple moving average is $188.97 and its two-hundred day simple moving average is $186.68. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61.

Standex International (NYSE:SXI - Get Free Report) last issued its earnings results on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. As a group, equities analysts predict that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.68%. Standex International's payout ratio is presently 27.95%.

Insider Buying and Selling at Standex International

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

Analyst Ratings Changes

SXI has been the topic of several analyst reports. DA Davidson increased their price target on Standex International from $222.00 to $224.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Barrington Research reiterated an "outperform" rating and set a $220.00 price target on shares of Standex International in a report on Monday, February 3rd. StockNews.com downgraded Standex International from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Benchmark increased their price target on Standex International from $210.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, October 30th.

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.