Wasatch Advisors LP Purchases 64,373 Shares of Standex International Co. (NYSE:SXI)

Wasatch Advisors LP increased its stake in shares of Standex International Co. (NYSE:SXI - Free Report) by 14.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 524,446 shares of the industrial products company's stock after buying an additional 64,373 shares during the quarter. Wasatch Advisors LP owned 4.41% of Standex International worth $98,066,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc raised its stake in Standex International by 27.0% during the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company's stock worth $56,000 after acquiring an additional 64 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Standex International by 183.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company's stock worth $96,000 after purchasing an additional 330 shares in the last quarter. KBC Group NV lifted its holdings in Standex International by 45.7% during the 4th quarter. KBC Group NV now owns 548 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 172 shares during the last quarter. Hanson & Doremus Investment Management boosted its position in Standex International by 117.4% in the fourth quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company's stock valued at $173,000 after buying an additional 500 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC bought a new stake in Standex International during the fourth quarter worth about $201,000. Institutional investors and hedge funds own 90.35% of the company's stock.

Standex International Trading Down 0.1 %

SXI traded down $0.15 during trading on Friday, reaching $135.66. 59,856 shares of the company's stock were exchanged, compared to its average volume of 54,831. Standex International Co. has a fifty-two week low of $130.05 and a fifty-two week high of $212.66. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37. The firm has a market capitalization of $1.61 billion, a PE ratio of 29.62, a P/E/G ratio of 2.63 and a beta of 0.95. The company's fifty day moving average price is $167.80 and its 200-day moving average price 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 analysts' consensus estimates of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. As a group, equities analysts forecast that Standex International Co. will post 7.9 EPS for the current year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Friday, February 14th. Standex International's dividend payout ratio (DPR) is 27.95%.

Analyst Upgrades and Downgrades

SXI has been the topic of several recent analyst reports. Barrington Research reissued an "outperform" rating and issued a $220.00 target price on shares of Standex International in a report on Friday, February 28th. Roth Capital upgraded shares of Standex International to a "strong-buy" rating in a research report on Wednesday, April 9th. DA Davidson raised their price objective on shares of Standex International from $222.00 to $224.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. William Blair reissued an "outperform" rating on shares of Standex International in a research note on Tuesday, March 11th. Finally, StockNews.com lowered Standex International from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "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 firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $195.44, for a total transaction of $390,880.00. Following the sale, the chief financial officer now owns 16,086 shares of the company's stock, valued at $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 SEC, which is available through this hyperlink. 2.10% of the stock is owned by corporate insiders.

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.