Harbor Capital Advisors Inc. Acquires 5,994 Shares of Standex International Co. (NYSE:SXI)

Harbor Capital Advisors Inc. increased its stake in Standex International Co. (NYSE:SXI - Free Report) by 114.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,227 shares of the industrial products company's stock after purchasing an additional 5,994 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.09% of Standex International worth $2,052,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC raised its stake 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 purchasing an additional 72 shares during the period. Canada Pension Plan Investment Board bought a new position in Standex International in the 2nd quarter worth about $32,000. US Bancorp DE increased its stake in Standex International by 15.2% in the 3rd quarter. US Bancorp DE now owns 623 shares of the industrial products company's stock worth $114,000 after acquiring an additional 82 shares during the last quarter. Fifth Third Bancorp increased its stake in Standex International by 95.5% in the 2nd quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company's stock worth $118,000 after acquiring an additional 358 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in 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 worth $167,000 after acquiring an additional 909 shares during the last quarter. Institutional investors own 90.35% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SXI shares. DA Davidson increased their target price on Standex International from $203.00 to $211.00 and gave the company a "buy" rating in a report on Monday, August 5th. Benchmark boosted their price target on Standex International from $210.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Barrington Research reissued an "outperform" rating and issued a $220.00 price target on shares of Standex International in a report on Wednesday, October 30th. Finally, StockNews.com raised Standex International from a "hold" rating to a "buy" rating in a research note on Wednesday, August 14th.

Standex International Trading Up 1.7 %

Shares of NYSE SXI traded up $3.06 during mid-day trading on Tuesday, reaching $185.35. 36,543 shares of the company's stock were exchanged, compared to its average volume of 56,603. The company's 50-day moving average is $176.91 and its 200-day moving average is $172.78. Standex International Co. has a 52-week low of $130.04 and a 52-week high of $191.18. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 2.62 and a beta of 1.03. 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 announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.66 by $0.05. Standex International had a net margin of 10.26% and a return on equity of 13.18%. 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 prior year, the firm posted $1.74 earnings per share. The firm's revenue was down 7.7% on a year-over-year basis. Analysts expect that Standex International Co. will post 7.65 EPS for the current fiscal year.

Standex International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.69%. This is an increase from Standex International's previous quarterly dividend of $0.30. The ex-dividend date is Friday, November 8th. Standex International's payout ratio is 19.67%.

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.