Teton Advisors Inc. Trims Stock Position in Standex International Co. (NYSE:SXI)

Teton Advisors Inc. cut its holdings in Standex International Co. (NYSE:SXI - Free Report) by 59.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,800 shares of the industrial products company's stock after selling 2,600 shares during the period. Teton Advisors Inc.'s holdings in Standex International were worth $337,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Standex International by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 1,418,703 shares of the industrial products company's stock valued at $265,283,000 after purchasing an additional 15,518 shares during the period. State Street Corp boosted 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 purchasing an additional 23,786 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Standex International by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 317,140 shares of the industrial products company's stock worth $59,314,000 after acquiring an additional 8,923 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Standex International by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 148,895 shares of the industrial products company's stock valued at $27,842,000 after buying an additional 5,012 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Standex International by 1.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 101,466 shares of the industrial products company's stock worth $18,973,000 after purchasing an additional 1,540 shares during the last quarter. Institutional investors own 90.35% of the company's stock.

Standex International Price Performance

Shares of SXI traded down $0.15 during trading hours on Friday, reaching $135.66. 59,856 shares of the company's stock traded hands, compared to its average volume of 54,831. The stock has a market cap of $1.61 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95. 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 Co. has a 12 month low of $130.05 and a 12 month high of $212.66. The firm's 50 day simple moving average is $167.80 and its 200-day simple moving average is $183.47.

Standex International (NYSE:SXI - Get Free Report) last issued its earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. Equities analysts expect 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 of this dividend was Friday, February 14th. This represents a $1.28 annualized dividend and a dividend yield of 0.94%. Standex International's dividend payout ratio (DPR) is presently 27.95%.

Insiders Place Their Bets

In other news, CFO Ademir Sarcevic sold 2,000 shares of the firm's 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 completion of the transaction, the chief financial officer now directly owns 16,086 shares in the company, valued at $3,143,847.84. This trade represents a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

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

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.