Standex International Co. (NYSE:SXI) Stock Position Lifted by Stifel Financial Corp

Stifel Financial Corp increased its holdings in shares of Standex International Co. (NYSE:SXI - Free Report) by 9.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,782 shares of the industrial products company's stock after purchasing an additional 2,566 shares during the quarter. Stifel Financial Corp owned approximately 0.25% of Standex International worth $5,444,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of Standex International in the second quarter valued at approximately $743,000. Envestnet Asset Management Inc. increased its holdings in shares of Standex International by 5.1% in the second quarter. Envestnet Asset Management Inc. now owns 98,671 shares of the industrial products company's stock valued at $15,901,000 after purchasing an additional 4,768 shares during the period. Walleye Capital LLC acquired a new position in shares of Standex International in the third quarter valued at approximately $250,000. Millennium Management LLC purchased a new stake in shares of Standex International in the second quarter valued at approximately $4,299,000. Finally, Copeland Capital Management LLC boosted its stake in shares of Standex International by 0.8% in the third quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company's stock valued at $101,670,000 after buying an additional 4,281 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Barrington Research restated an "outperform" rating and issued a $220.00 price target on shares of Standex International in a research note on Wednesday, October 30th. Benchmark lifted their price target on Standex International from $210.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th.

Standex International Price Performance

Shares of NYSE:SXI traded down $2.86 on Friday, hitting $203.04. The company had a trading volume of 47,856 shares, compared to its average volume of 39,381. The company has a current ratio of 3.55, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23. Standex International Co. has a 52-week low of $140.04 and a 52-week high of $212.65. The business has a 50 day moving average of $194.49 and a 200 day moving average of $179.44. The company has a market cap of $2.45 billion, a PE ratio of 33.29, a PEG ratio of 2.88 and a beta of 1.05.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.05. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The business had revenue of $170.50 million for the quarter, compared to the consensus estimate of $178.94 million. During the same period in the prior year, the business earned $1.74 earnings per share. The business's revenue was down 7.7% on a year-over-year basis. As a group, equities analysts anticipate 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 was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.32 dividend. This is an increase from Standex International's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Friday, November 8th. Standex International's dividend payout ratio is currently 20.98%.

Insider Activity at Standex International

In related news, Director Thomas J. Hansen sold 1,661 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.41, for a total value of $349,491.01. Following the completion of the transaction, the director now directly owns 11,431 shares in the company, valued at approximately $2,405,196.71. This represents a 12.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ademir Sarcevic sold 3,800 shares of the company's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $181.64, for a total value of $690,232.00. Following the completion of the transaction, the chief financial officer now owns 19,686 shares of the company's stock, valued at $3,575,765.04. The trade was a 16.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,061 shares of company stock worth $1,359,419. 2.10% of the stock is currently owned by insiders.

Standex International Company 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.