Principal Financial Group Inc. increased its position in shares of Standex International Co. (NYSE:SXI - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,194 shares of the industrial products company's stock after acquiring an additional 3,224 shares during the period. Principal Financial Group Inc. owned about 0.52% of Standex International worth $11,817,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Creative Planning increased its stake in shares of Standex International by 27.8% during the 3rd quarter. Creative Planning now owns 2,744 shares of the industrial products company's stock worth $502,000 after purchasing an additional 597 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Standex International by 18,180.0% during 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 in the last quarter. US Bancorp DE increased its holdings in shares of 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 during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Standex International by 114.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 11,227 shares of the industrial products company's stock valued at $2,052,000 after acquiring an additional 5,994 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in Standex International by 7.3% in the 3rd quarter. Assetmark Inc. now owns 9,608 shares of the industrial products company's stock worth $1,756,000 after purchasing an additional 653 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company's stock.
Standex International Price Performance
Shares of Standex International stock traded down $5.34 during trading on Monday, hitting $180.64. 26,892 shares of the company's stock traded hands, compared to its average volume of 54,961. The company has a market cap of $2.15 billion, a PE ratio of 39.47, a PEG ratio of 2.63 and a beta of 1.06. The firm's fifty day moving average price is $188.40 and its 200 day moving average price is $187.21. Standex International Co. has a twelve month low of $154.45 and a twelve month high of $212.65. 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 released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, beating 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%. Analysts forecast that Standex International Co. will post 7.9 earnings per share for the current year.
Standex International Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.71%. The ex-dividend date was Friday, February 14th. Standex International's dividend payout ratio is currently 27.95%.
Insider Buying and Selling at Standex International
In other news, CFO Ademir Sarcevic sold 2,000 shares of the 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 sale, the chief financial officer now owns 16,086 shares in the company, valued at approximately $3,143,847.84. This represents a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.10% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. StockNews.com cut shares of Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Barrington Research restated an "outperform" rating and set a $220.00 price target on shares of Standex International in a report on Friday. Finally, DA Davidson lifted their price objective on Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th.
Read Our Latest Stock Report on SXI
About Standex International
(
Free Report)
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.
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