Wakefield Asset Management LLLP Acquires New Position in Standex International Co. (NYSE:SXI)

Wakefield Asset Management LLLP acquired a new stake in Standex International Co. (NYSE:SXI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,392 shares of the industrial products company's stock, valued at approximately $1,008,000.

Other hedge funds have also modified their holdings of the company. Walleye Capital LLC acquired a new stake in shares of Standex International in the third quarter valued at $250,000. State Street Corp raised its stake in shares of Standex International by 5.1% in the third 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. Charles Schwab Investment Management Inc. increased its holdings in Standex International by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company's stock valued at $26,299,000 after buying an additional 3,844 shares during the last quarter. Quest Partners LLC purchased a new position in Standex International in the third quarter valued at $770,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Standex International by 0.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,064 shares of the industrial products company's stock valued at $6,043,000 after buying an additional 276 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Standex International

In other news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $195.44, for a total transaction of $390,880.00. Following the completion of the sale, the chief financial officer now owns 16,086 shares in the company, valued at approximately $3,143,847.84. This represents a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. StockNews.com lowered Standex International from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. DA Davidson increased their target price on Standex International from $222.00 to $224.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Finally, Barrington Research reissued an "outperform" rating and issued a $220.00 target price on shares of Standex International in a report on Friday.

Standex International Stock Performance

Shares of SXI stock traded down $5.04 during mid-day trading on Monday, hitting $180.94. 45,413 shares of the stock were exchanged, compared to its average volume of 55,480. The stock's fifty day simple moving average is $188.23 and its two-hundred day simple moving average is $187.28. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 39.51, a P/E/G ratio of 2.63 and a beta of 1.06. Standex International Co. has a 12-month low of $154.45 and a 12-month high of $212.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37.

Standex International (NYSE:SXI - Get Free Report) last issued its quarterly earnings data 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%. On average, analysts forecast 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 0.71%. Standex International's dividend payout ratio (DPR) is 27.95%.

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.