PNC Financial Services Group Inc. Grows Stock Position in Standex International Co. (NYSE:SXI)

PNC Financial Services Group Inc. lifted its stake in Standex International Co. (NYSE:SXI - Free Report) by 97.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,058 shares of the industrial products company's stock after buying an additional 2,004 shares during the period. PNC Financial Services Group Inc.'s holdings in Standex International were worth $759,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Versant Capital Management Inc grew its holdings in Standex International by 27.0% in the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company's stock worth $56,000 after acquiring an additional 64 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Standex International by 183.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company's stock worth $96,000 after purchasing an additional 330 shares during the last quarter. KBC Group NV increased its holdings in Standex International by 45.7% during the 4th quarter. KBC Group NV now owns 548 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 172 shares during the period. Hanson & Doremus Investment Management raised its position in Standex International by 117.4% during the 4th quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company's stock valued at $173,000 after purchasing an additional 500 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC purchased a new stake in Standex International in the 4th quarter worth approximately $201,000. Institutional investors own 90.35% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SXI. Barrington Research reissued an "outperform" rating and set a $220.00 target price on shares of Standex International in a research note on Friday, February 28th. StockNews.com lowered shares of Standex International from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. DA Davidson raised their target price on shares of Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Finally, William Blair reiterated an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $231.33.

Insiders Place Their Bets

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

Standex International Stock Down 2.8 %

Standex International stock traded down $4.72 on Friday, hitting $164.32. 236,439 shares of the stock traded hands, compared to its average volume of 50,593. The business's fifty day simple moving average is $185.80 and its 200 day simple moving average is $187.51. The firm has a market cap of $1.96 billion, a P/E ratio of 35.88, a price-to-earnings-growth ratio of 2.63 and a beta of 1.02. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. Standex International Co. has a 1 year low of $154.45 and a 1 year high of $212.66.

Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. As a group, sell-side analysts forecast that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Friday, February 14th. Standex International's payout ratio is 27.95%.

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.