American Century Companies Inc. Has $5.01 Million Stake in Standex International Co. (NYSE:SXI)

American Century Companies Inc. boosted its position in Standex International Co. (NYSE:SXI - Free Report) by 16.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,769 shares of the industrial products company's stock after purchasing an additional 3,770 shares during the period. American Century Companies Inc. owned approximately 0.22% of Standex International worth $5,006,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Standex International by 23.4% during the third quarter. FMR LLC now owns 1,928 shares of the industrial products company's stock valued at $352,000 after buying an additional 365 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Standex International by 19.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,388 shares of the industrial products company's stock valued at $985,000 after purchasing an additional 877 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Standex International by 0.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,064 shares of the industrial products company's stock worth $6,043,000 after purchasing an additional 276 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Standex International in the 3rd quarter worth approximately $250,000. Finally, Captrust Financial Advisors raised its holdings in shares of Standex International by 21.4% in the 3rd quarter. Captrust Financial Advisors now owns 6,020 shares of the industrial products company's stock worth $1,100,000 after purchasing an additional 1,061 shares in the last quarter. 90.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. DA Davidson lifted their price target 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. William Blair restated an "outperform" rating on shares of Standex International in a report on Tuesday, March 11th. Barrington Research reaffirmed an "outperform" rating and set a $220.00 target price on shares of Standex International in a report on Friday, February 28th. Finally, StockNews.com cut Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $231.33.

Standex International Stock Up 10.5 %

NYSE:SXI traded up $14.04 during trading hours on Wednesday, hitting $147.99. 117,747 shares of the stock traded hands, compared to its average volume of 54,655. The firm has a 50 day moving average price of $175.38 and a 200 day moving average price of $185.55. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 2.63 and a beta of 0.95. Standex International Co. has a fifty-two week low of $130.05 and a fifty-two week high of $212.66. 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 (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 (EPS) for the quarter, topping 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%. Equities research analysts anticipate that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The business 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 dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, February 14th. Standex International's dividend payout ratio is currently 27.95%.

Insider Activity at Standex International

In related news, CFO Ademir Sarcevic sold 2,000 shares of Standex International 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 completion of the sale, the chief financial officer now owns 16,086 shares of the company's stock, valued at approximately $3,143,847.84. This trade represents a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is currently owned by insiders.

About Standex International

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.