Standex International Co. (NYSE:SXI) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its position in Standex International Co. (NYSE:SXI - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,805 shares of the industrial products company's stock after selling 13,770 shares during the period. Invesco Ltd. owned about 0.48% of Standex International worth $10,622,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of Montreal Can lifted its stake in shares of Standex International by 11.5% during the 4th quarter. Bank of Montreal Can now owns 1,851 shares of the industrial products company's stock worth $346,000 after purchasing an additional 191 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Standex International by 1.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 101,466 shares of the industrial products company's stock worth $18,973,000 after buying an additional 1,540 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Standex International by 34.4% in the 4th quarter. Wells Fargo & Company MN now owns 6,817 shares of the industrial products company's stock worth $1,275,000 after buying an additional 1,744 shares during the period. Geode Capital Management LLC boosted its holdings in Standex International by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 317,140 shares of the industrial products company's stock valued at $59,314,000 after acquiring an additional 8,923 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG grew its position in Standex International by 4.3% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 8,501 shares of the industrial products company's stock valued at $1,590,000 after acquiring an additional 351 shares during the period. Hedge funds and other institutional investors own 90.35% of the company's stock.

Standex International Price Performance

Shares of SXI stock opened at $133.29 on Wednesday. The firm has a fifty day simple moving average of $165.47 and a 200-day simple moving average of $182.85. The company has a market capitalization of $1.59 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95. Standex International Co. has a twelve month low of $128.85 and a twelve month 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 posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. Equities research analysts anticipate that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Friday, February 14th. Standex International's payout ratio is 27.95%.

Insider Activity

In related news, CFO Ademir Sarcevic sold 2,000 shares of Standex International stock in a transaction dated Monday, February 10th. The stock was 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 directly owns 16,086 shares in the company, 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 this link. Company insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

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

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.

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