Royce & Associates LP Buys 1,910 Shares of Standex International Co. (NYSE:SXI)

Royce & Associates LP grew its stake in Standex International Co. (NYSE:SXI - Free Report) by 33.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,560 shares of the industrial products company's stock after buying an additional 1,910 shares during the period. Royce & Associates LP owned approximately 0.06% of Standex International worth $1,414,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SXI. State Street Corp increased its position in shares of Standex International by 5.1% during the third quarter. State Street Corp now owns 486,099 shares of the industrial products company's stock valued at $88,849,000 after purchasing an additional 23,786 shares during the period. Wasatch Advisors LP increased its position in shares of Standex International by 24.6% during the 3rd quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company's stock worth $84,092,000 after purchasing an additional 90,770 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Standex International by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 308,217 shares of the industrial products company's stock valued at $56,345,000 after purchasing an additional 9,119 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Standex International by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 148,895 shares of the industrial products company's stock valued at $27,842,000 after buying an additional 5,012 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Standex International by 5.4% during the fourth quarter. Principal Financial Group Inc. now owns 63,194 shares of the industrial products company's stock worth $11,817,000 after buying an additional 3,224 shares during the last quarter. Institutional investors own 90.35% of the company's stock.

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Insider Activity

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the company'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 of the company's stock, valued at $3,143,847.84. This represents a 11.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SXI has been the topic of a number of research analyst reports. 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 note on Monday, February 3rd. William Blair reiterated an "outperform" rating on shares of Standex International in a research report on Tuesday, March 11th. Finally, Barrington Research reissued an "outperform" rating and set a $220.00 price target on shares of Standex International in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $231.33.

Standex International Stock Down 0.3 %

Shares of SXI traded down $0.54 during mid-day trading on Tuesday, hitting $168.77. 64,784 shares of the company's stock were exchanged, compared to its average volume of 50,859. The company has a 50-day simple moving average of $185.34 and a 200 day simple moving average of $187.65. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61. The company has a market cap of $2.01 billion, a PE ratio of 36.85, a P/E/G ratio of 2.63 and a beta of 1.02. Standex International Co. has a 52 week low of $154.45 and a 52 week high of $212.66.

Standex International (NYSE:SXI - Get Free Report) last posted its quarterly earnings results 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 return on equity of 13.28% and a net margin of 7.59%. On average, research analysts forecast that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.28 annualized dividend and a yield of 0.76%. Standex International's dividend payout ratio (DPR) is presently 27.95%.

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.