Wilmington Savings Fund Society FSB Sells 2,776 Shares of Standex International Co. (NYSE:SXI)

Wilmington Savings Fund Society FSB trimmed its position in shares of Standex International Co. (NYSE:SXI - Free Report) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,392 shares of the industrial products company's stock after selling 2,776 shares during the period. Wilmington Savings Fund Society FSB owned approximately 0.48% of Standex International worth $10,919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SXI. Copeland Capital Management LLC boosted its stake in shares of Standex International by 0.8% in the third quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company's stock valued at $101,670,000 after purchasing an additional 4,281 shares during the period. State Street Corp lifted its holdings in Standex International by 5.1% during the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company's stock worth $88,849,000 after buying an additional 23,786 shares in the last quarter. Wasatch Advisors LP boosted its position in Standex International by 24.6% in the 3rd quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company's stock valued at $84,092,000 after buying an additional 90,770 shares during the period. Geode Capital Management LLC grew its stake in shares of Standex International by 3.0% in the third quarter. Geode Capital Management LLC now owns 308,217 shares of the industrial products company's stock worth $56,345,000 after acquiring an additional 9,119 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Standex International by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company's stock worth $26,299,000 after acquiring an additional 3,844 shares during the period. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Ademir Sarcevic sold 1,600 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $199.81, for a total transaction of $319,696.00. Following the transaction, the chief financial officer now owns 18,086 shares of the company's stock, valued at approximately $3,613,763.66. This represents a 8.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SXI shares. Benchmark boosted their price objective on Standex International from $210.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. StockNews.com cut shares of Standex International from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Barrington Research restated an "outperform" rating and issued a $220.00 price objective on shares of Standex International in a report on Monday, February 3rd. Finally, DA Davidson boosted their target price on shares of Standex International from $222.00 to $224.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th.

Standex International Stock Performance

Shares of Standex International stock traded down $3.87 on Wednesday, reaching $190.13. 69,065 shares of the stock were exchanged, compared to its average volume of 57,399. The firm has a market capitalization of $2.26 billion, a PE ratio of 41.51, a PEG ratio of 2.68 and a beta of 1.06. Standex International Co. has a 1-year low of $152.58 and a 1-year high of $212.65. The business has a fifty day moving average price of $191.64 and a two-hundred day moving average price of $185.93. The company has a current ratio of 3.37, a quick ratio of 2.83 and a debt-to-equity ratio of 0.81.

Standex International (NYSE:SXI - Get Free Report) last issued its earnings results on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. As a group, research analysts anticipate that Standex International Co. will post 8 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, February 14th. Standex International's dividend payout ratio is currently 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.