JPMorgan Chase & Co. Has $14.97 Million Stake in Standex International Co. (NYSE:SXI)

JPMorgan Chase & Co. boosted its position in Standex International Co. (NYSE:SXI - Free Report) by 65.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,031 shares of the industrial products company's stock after buying an additional 31,560 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.67% of Standex International worth $14,965,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SXI. Versant Capital Management Inc increased its position in shares of Standex International by 27.0% in the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company's stock valued at $56,000 after acquiring an additional 64 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Standex International by 183.3% during the 4th 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 raised its stake in shares of Standex International by 45.7% during the 4th quarter. KBC Group NV now owns 548 shares of the industrial products company's stock worth $102,000 after purchasing an additional 172 shares in the last quarter. Hanson & Doremus Investment Management boosted its holdings in shares of Standex International by 117.4% in the 4th quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company's stock valued at $173,000 after buying an additional 500 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC acquired a new position in Standex International during the fourth quarter worth $201,000. 90.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SXI has been the subject of a number of analyst reports. Roth Capital raised shares of Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. Barrington Research restated an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a research note on Friday, February 28th. StockNews.com downgraded Standex International from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. DA Davidson raised their price target on Standex International from $222.00 to $224.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Finally, William Blair reiterated an "outperform" rating on shares of Standex International in a report on Tuesday, March 11th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Standex International presently has an average rating of "Buy" and a consensus price target of $231.33.

Insider Buying and Selling

In other news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the completion of the transaction, the chief financial officer now owns 16,086 shares of the company's stock, valued at approximately $3,143,847.84. This represents a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is owned by corporate insiders.

Standex International Price Performance

Standex International stock traded up $0.20 during mid-day trading on Thursday, reaching $136.01. 14,057 shares of the company were exchanged, compared to its average volume of 54,621. The company has a fifty day simple moving average of $170.18 and a 200-day simple moving average of $184.11. The firm has a market cap of $1.62 billion, a PE ratio of 29.70, a PEG ratio of 2.63 and a beta of 0.95. 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 Co. has a 12 month low of $130.05 and a 12 month high of $212.66.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts expect that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.94%. Standex International's dividend payout ratio (DPR) is currently 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.