Royce & Associates LP Sells 2,742 Shares of Standex International Co. (NYSE:SXI)

Royce & Associates LP lowered its stake in Standex International Co. (NYSE:SXI - Free Report) by 32.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,650 shares of the industrial products company's stock after selling 2,742 shares during the quarter. Royce & Associates LP's holdings in Standex International were worth $1,033,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SXI. Copeland Capital Management LLC boosted its position in shares of Standex International by 0.8% during the third quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company's stock worth $101,670,000 after purchasing an additional 4,281 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Standex International by 0.3% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 254,841 shares of the industrial products company's stock valued at $41,068,000 after purchasing an additional 771 shares in the last quarter. Leeward Investments LLC MA grew its position in shares of Standex International by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 132,054 shares of the industrial products company's stock valued at $21,281,000 after purchasing an additional 7,020 shares during the period. Handelsbanken Fonder AB raised its holdings in Standex International by 4.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 127,700 shares of the industrial products company's stock worth $23,341,000 after buying an additional 5,000 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Standex International by 5.1% during the second quarter. Envestnet Asset Management Inc. now owns 98,671 shares of the industrial products company's stock worth $15,901,000 after acquiring an additional 4,768 shares in the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

Standex International Stock Performance

Shares of SXI stock opened at $199.28 on Thursday. The stock has a market cap of $2.41 billion, a P/E ratio of 32.67, a P/E/G ratio of 2.89 and a beta of 1.03. The company has a fifty day moving average price of $184.62 and a two-hundred day moving average price of $175.34. Standex International Co. has a one year low of $131.96 and a one year high of $211.90. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83.

Standex International (NYSE:SXI - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.05. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The company had revenue of $170.50 million during the quarter, compared to analysts' expectations of $178.94 million. During the same period last year, the firm posted $1.74 earnings per share. The business's revenue was down 7.7% on a year-over-year basis. As a group, equities analysts predict that Standex International Co. will post 7.84 EPS for the current year.

Standex International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from Standex International's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 0.64%. Standex International's dividend payout ratio is presently 20.98%.

Wall Street Analyst Weigh In

Several analysts have issued reports on SXI shares. DA Davidson lifted their price target on Standex International from $203.00 to $211.00 and gave the company a "buy" rating in a research note on Monday, August 5th. Barrington Research reissued an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a research report on Wednesday, October 30th. Benchmark raised their target price on shares of Standex International from $210.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Standex International from a "hold" rating to a "buy" rating in a research note on Wednesday, August 14th.

Insider Transactions at Standex International

In other news, CFO Ademir Sarcevic sold 3,800 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $181.64, for a total transaction of $690,232.00. Following the transaction, the chief financial officer now owns 19,686 shares in the company, valued at approximately $3,575,765.04. This trade represents a 16.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas J. Hansen sold 1,661 shares of Standex International stock in a transaction that occurred 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 sale, the director now directly owns 11,431 shares of the company's stock, valued at approximately $2,405,196.71. The trade was a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate 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.