MML Investors Services LLC Acquires 694 Shares of Standex International Co. (NYSE:SXI)

MML Investors Services LLC raised its holdings in shares of Standex International Co. (NYSE:SXI) by 8.2% in the third quarter, HoldingsChannel reports. The firm owned 9,121 shares of the industrial products company’s stock after buying an additional 694 shares during the quarter. MML Investors Services LLC’s holdings in Standex International were worth $1,667,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SXI. Copeland Capital Management LLC grew its holdings in shares of Standex International by 0.8% during the 3rd quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company’s stock worth $101,670,000 after acquiring an additional 4,281 shares during the period. State Street Corp grew its holdings in shares of 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 acquiring an additional 23,786 shares during the period. Wasatch Advisors LP grew its holdings in shares of Standex International by 24.6% during the 3rd quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock worth $84,092,000 after acquiring an additional 90,770 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Standex International by 0.3% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 254,841 shares of the industrial products company’s stock worth $41,068,000 after acquiring an additional 771 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Standex International by 2.7% during the 3rd 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. Institutional investors own 90.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Benchmark upped their target price on Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barrington Research reiterated an “outperform” rating and set a $220.00 target price on shares of Standex International in a report on Wednesday, October 30th.

Standex International Stock Performance

Standex International stock opened at $200.45 on Wednesday. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.42 billion, a P/E ratio of 32.86, a PEG ratio of 2.88 and a beta of 1.05. The stock’s 50 day moving average is $195.31 and its 200 day moving average is $180.06. Standex International Co. has a twelve month low of $140.04 and a twelve month high of $212.65.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.05. The company had revenue of $170.50 million for the quarter, compared to the consensus estimate of $178.94 million. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.74 EPS. On average, equities research analysts predict that Standex International Co. will post 7.84 earnings per share for the current fiscal year.

Standex International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.32 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.28 annualized dividend and a dividend yield of 0.64%. This is an increase from Standex International’s previous quarterly dividend of $0.30. Standex International’s dividend payout ratio is presently 20.98%.

Insider Buying and Selling at Standex International

In other Standex International news, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.41, for a total transaction of $349,491.01. Following the sale, the director now directly owns 11,431 shares in the company, valued at approximately $2,405,196.71. This trade represents a 12.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ademir Sarcevic sold 3,800 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $181.64, for a total value of $690,232.00. Following the sale, the chief financial officer now owns 19,686 shares in the company, valued at approximately $3,575,765.04. This represents a 16.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,061 shares of company stock worth $1,359,419. Insiders own 2.10% of the company’s stock.

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.