Quest Partners LLC Takes Position in Standex International Co. (NYSE:SXI)

Quest Partners LLC bought a new stake in shares of Standex International Co. (NYSE:SXI - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 4,210 shares of the industrial products company's stock, valued at approximately $770,000.

Several other institutional investors have also made changes to their positions in the business. Peterson Financial Group Inc. acquired a new stake in shares of Standex International during the 3rd quarter valued at about $44,000. Assetmark Inc. boosted its position in shares of Standex International by 7.3% during the 3rd quarter. Assetmark Inc. now owns 9,608 shares of the industrial products company's stock valued at $1,756,000 after acquiring an additional 653 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Standex International by 114.5% during 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. US Bancorp DE boosted its position 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 in the last quarter. Finally, International Assets Investment Management LLC boosted its position 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 valued at $167,000 after acquiring an additional 909 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Transactions at Standex International

In other Standex International news, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $210.41, for a total value of $349,491.01. Following the completion of the sale, the director now owns 11,431 shares in the company, valued at $2,405,196.71. This trade represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ademir Sarcevic sold 1,600 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $199.81, for a total transaction of $319,696.00. Following the completion of the sale, the chief financial officer now owns 18,086 shares of the company's stock, valued at approximately $3,613,763.66. This represents a 8.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,061 shares of company stock valued at $1,359,419 over the last quarter. Corporate insiders own 2.10% of the company's stock.

Standex International Price Performance

Shares of SXI stock traded up $2.74 during trading hours on Friday, reaching $204.55. 49,052 shares of the company were exchanged, compared to its average volume of 56,072. Standex International Co. has a fifty-two week low of $131.96 and a fifty-two week high of $211.90. The stock's fifty day moving average is $185.95 and its two-hundred day moving average is $175.77. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 33.53, a P/E/G ratio of 2.89 and a beta of 1.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.05. The business had revenue of $170.50 million during the quarter, compared to the consensus estimate of $178.94 million. Standex International had a net margin of 10.26% and a return on equity of 13.18%. Standex International's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.74 earnings per share. Sell-side analysts forecast that Standex International Co. will post 7.84 earnings per share for the current fiscal year.

Standex International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.32 per share. This is an increase from Standex International's previous quarterly dividend of $0.30. The ex-dividend date is Friday, November 8th. This represents a $1.28 annualized dividend and a dividend yield of 0.63%. Standex International's dividend payout ratio is currently 20.98%.

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.