Barrow Hanley Mewhinney & Strauss LLC Decreases Stake in Standex International Co. (NYSE:SXI)

Barrow Hanley Mewhinney & Strauss LLC lessened its holdings in Standex International Co. (NYSE:SXI - Free Report) by 4.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 239,475 shares of the industrial products company's stock after selling 10,291 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 2.01% of Standex International worth $44,779,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its holdings in shares of Standex International by 27.0% in the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company's stock worth $56,000 after buying an additional 64 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Standex International by 183.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company's stock valued at $96,000 after acquiring an additional 330 shares during the last quarter. KBC Group NV increased its stake in Standex International by 45.7% in the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company's stock valued at $102,000 after acquiring an additional 172 shares during the last quarter. Hanson & Doremus Investment Management lifted its stake in Standex International by 117.4% during the fourth quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company's stock worth $173,000 after purchasing an additional 500 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC purchased a new position in shares of Standex International in the 4th quarter worth about $201,000. Institutional investors own 90.35% of the company's stock.

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Wall Street Analyst Weigh In

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

Insider Activity 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 value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.10% of the stock is owned by corporate insiders.

Standex International Trading Down 6.9 %

SXI traded down $10.33 during trading on Friday, hitting $138.40. 35,798 shares of the stock traded hands, compared to its average volume of 53,164. The firm has a market capitalization of $1.65 billion, a P/E ratio of 30.43, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95. Standex International Co. has a 12-month low of $135.57 and a 12-month high of $212.66. 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 firm has a 50-day moving average of $181.01 and a 200 day moving average of $187.09.

Standex International (NYSE:SXI - Get Free Report) last posted its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, topping 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 EPS for the current year.

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, February 14th. This represents a $1.28 annualized dividend and a dividend yield of 0.92%. 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.