Knights of Columbus Asset Advisors LLC Grows Stock Holdings in Standex International Co. (NYSE:SXI)

Knights of Columbus Asset Advisors LLC lifted its holdings in Standex International Co. (NYSE:SXIFree Report) by 84.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,350 shares of the industrial products company’s stock after acquiring an additional 9,748 shares during the period. Knights of Columbus Asset Advisors LLC owned approximately 0.18% of Standex International worth $3,110,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SXI. State of Wyoming acquired a new stake in shares of Standex International in the second quarter worth $28,000. Altshuler Shaham Ltd acquired a new stake in shares of Standex International in the fourth quarter worth $34,000. Covestor Ltd increased its position in shares of Standex International by 9,533.3% in the second quarter. Covestor Ltd now owns 289 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 286 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Standex International by 230.7% in the first quarter. Tower Research Capital LLC TRC now owns 334 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 233 shares in the last quarter. Finally, UBS Group AG increased its position in shares of Standex International by 565.8% in the third quarter. UBS Group AG now owns 779 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 662 shares in the last quarter. Institutional investors and hedge funds own 88.80% of the company’s stock.

Insiders Place Their Bets

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $134.13, for a total transaction of $268,260.00. Following the sale, the chief financial officer now directly owns 14,499 shares in the company, valued at approximately $1,944,750.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.28% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Standex International from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 8th. Benchmark lowered their price target on shares of Standex International from $205.00 to $190.00 and set a “buy” rating for the company in a report on Monday, November 6th. Finally, DA Davidson began coverage on shares of Standex International in a report on Wednesday, December 13th. They set a “buy” rating and a $165.00 price target for the company. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $177.50.

View Our Latest Analysis on Standex International

Standex International Price Performance

SXI opened at $144.34 on Thursday. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 2.24 and a beta of 1.02. The company has a current ratio of 3.19, a quick ratio of 2.44 and a debt-to-equity ratio of 0.25. Standex International Co. has a twelve month low of $104.72 and a twelve month high of $168.81. The company has a fifty day simple moving average of $144.03 and a 200 day simple moving average of $146.47.

Standex International (NYSE:SXIGet Free Report) last announced its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.04. The company had revenue of $184.77 million during the quarter, compared to analyst estimates of $184.58 million. Standex International had a net margin of 18.72% and a return on equity of 14.09%. Equities research analysts expect that Standex International Co. will post 7.33 EPS for the current fiscal year.

Standex International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. This is an increase from Standex International’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, November 7th. Standex International’s payout ratio is 10.24%.

Standex International Company Profile

(Free Report)

Standex International Corporation, together with subsidiaries, manufactures and sells 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.

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Institutional Ownership by Quarter for Standex International (NYSE:SXI)

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