Pflug Koory LLC lowered its holdings in shares of Standex International Co. (NYSE:SXI – Free Report) by 10.2% during the fourth quarter, HoldingsChannel reports. The firm owned 9,065 shares of the industrial products company’s stock after selling 1,035 shares during the quarter. Standex International comprises 0.9% of Pflug Koory LLC’s holdings, making the stock its 26th largest holding. Pflug Koory LLC’s holdings in Standex International were worth $1,695,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of SXI. Copeland Capital Management LLC increased its position in shares of Standex International by 0.8% during the third 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 in the last quarter. State Street Corp grew 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 buying an additional 23,786 shares in the last quarter. Wasatch Advisors LP increased its stake 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 purchasing an additional 90,770 shares during the last quarter. Geode Capital Management LLC raised its stake in 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 valued at $56,345,000 after buying an additional 9,119 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in 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 valued at $26,299,000 after purchasing an additional 3,844 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Benchmark boosted their price objective 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 reissued an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a research note on Wednesday, October 30th.
Insider Buying and Selling
In other Standex International news, Director Thomas J. Hansen sold 1,661 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction of $349,491.01. Following the sale, the director now owns 11,431 shares of the company’s stock, valued at approximately $2,405,196.71. This represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ademir Sarcevic sold 1,600 shares of Standex International stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total value of $319,696.00. Following the completion of the transaction, the chief financial officer now directly owns 18,086 shares of the company’s stock, valued at approximately $3,613,763.66. This trade represents a 8.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,061 shares of company stock valued at $1,359,419 over the last ninety days. 2.10% of the stock is owned by company insiders.
Standex International Price Performance
Shares of SXI opened at $190.83 on Friday. Standex International Co. has a 12-month low of $141.90 and a 12-month high of $212.65. 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 stock has a market cap of $2.31 billion, a PE ratio of 31.28, a PEG ratio of 2.72 and a beta of 1.07. The business has a 50-day simple moving average of $195.95 and a two-hundred day simple moving average of $184.98.
Standex International (NYSE:SXI – Get Free Report) last issued its quarterly earnings data 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 analysts’ expectations of $178.94 million. Standex International had a net margin of 10.26% and a return on equity of 13.18%. Standex International’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.74 earnings per share. Analysts anticipate that Standex International Co. will post 7.84 earnings per share for the current fiscal year.
Standex International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.67%. Standex International’s dividend payout ratio (DPR) is 20.98%.
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.
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