Proficio Capital Partners LLC bought a new position in Standex International Co. (NYSE:SXI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,276 shares of the industrial products company's stock, valued at approximately $2,482,000. Proficio Capital Partners LLC owned approximately 0.11% of Standex International at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Creative Planning grew its position in 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 acquiring an additional 597 shares during the last quarter. International Assets Investment Management LLC grew its position in 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 during the last quarter. US Bancorp DE grew 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 worth $114,000 after acquiring an additional 82 shares during the last quarter. Assetmark Inc. grew its position in Standex International by 7.3% during the 3rd quarter. Assetmark Inc. now owns 9,608 shares of the industrial products company's stock worth $1,756,000 after acquiring an additional 653 shares during the last quarter. Finally, Peterson Financial Group Inc. bought a new stake in Standex International during the 3rd quarter worth approximately $44,000. 90.35% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Standex International
In other news, CFO Ademir Sarcevic sold 2,000 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the transaction, the chief financial officer now directly owns 16,086 shares in the company, valued at $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 is available at this link. Corporate insiders own 2.10% of the company's stock.
Standex International Trading Up 1.6 %
SXI traded up $2.93 during mid-day trading on Friday, reaching $186.27. The stock had a trading volume of 49,218 shares, compared to its average volume of 54,746. The stock has a market capitalization of $2.22 billion, a P/E ratio of 40.67, a P/E/G ratio of 2.63 and a beta of 1.02. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37. The firm's fifty day simple moving average is $187.58 and its two-hundred day simple moving average is $187.50. Standex International Co. has a 52 week low of $154.45 and a 52 week high of $212.65.
Standex International (NYSE:SXI - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. On average, equities analysts predict that Standex International Co. will post 7.9 EPS for the current year.
Standex International Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a yield of 0.69%. Standex International's payout ratio is 27.95%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on SXI. DA Davidson increased their price target on Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. StockNews.com lowered Standex International from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Barrington Research restated an "outperform" rating and set a $220.00 price target on shares of Standex International in a research report on Friday, February 28th.
Get Our Latest Stock Analysis on Standex International
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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