Allspring Global Investments Holdings LLC Sells 12,536 Shares of Standex International Co. (NYSE:SXI)

Allspring Global Investments Holdings LLC decreased its position in Standex International Co. (NYSE:SXI - Free Report) by 25.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 36,942 shares of the industrial products company's stock after selling 12,536 shares during the period. Allspring Global Investments Holdings LLC owned about 0.31% of Standex International worth $6,908,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in Standex International by 5.1% in the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company's stock valued at $88,849,000 after acquiring an additional 23,786 shares in the last quarter. Wasatch Advisors LP raised its stake 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 raised its stake in shares of 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 worth $56,345,000 after purchasing an additional 9,119 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Standex International by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company's stock worth $26,299,000 after purchasing an additional 3,844 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of Standex International by 32.3% during the 3rd quarter. Raymond James & Associates now owns 47,138 shares of the industrial products company's stock worth $8,616,000 after purchasing an additional 11,516 shares in the last quarter. Institutional investors own 90.35% of the company's stock.

Analyst Upgrades and Downgrades

SXI has been the topic of a number of analyst reports. Benchmark upped their price objective on Standex International from $210.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. DA Davidson upped their price objective on Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Barrington Research reiterated an "outperform" rating and set a $220.00 price objective on shares of Standex International in a research note on Monday, February 3rd. Finally, StockNews.com lowered Standex International from a "buy" rating to a "hold" rating in a report on Monday, February 3rd.

Insider Buying and Selling at Standex International

In other news, CFO Ademir Sarcevic sold 2,000 shares of the 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 sale, the chief financial officer now directly owns 16,086 shares of the company's stock, valued at approximately $3,143,847.84. This represents a 11.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.10% of the company's stock.

Standex International Stock Performance

Shares of SXI stock traded up $2.66 during trading on Friday, reaching $189.46. 90,737 shares of the company's stock were exchanged, compared to its average volume of 56,648. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $2.25 billion, a PE ratio of 41.37, a PEG ratio of 2.63 and a beta of 1.06. Standex International Co. has a twelve month low of $154.45 and a twelve month high of $212.65. The firm's fifty day moving average price is $189.28 and its 200-day moving average price is $186.40.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. As a group, sell-side analysts anticipate that Standex International Co. will post 7.9 EPS for the current year.

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, February 14th. Standex International's dividend payout ratio is 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.