Advisors Asset Management Inc. Has $2.41 Million Position in Standex International Co. (NYSE:SXI)

Advisors Asset Management Inc. boosted its holdings in shares of Standex International Co. (NYSE:SXI) by 21.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,886 shares of the industrial products company’s stock after buying an additional 2,239 shares during the period. Advisors Asset Management Inc. owned about 0.11% of Standex International worth $2,410,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SXI shares. Barrington Research restated an “outperform” rating and issued a $220.00 target price on shares of Standex International in a research note on Friday, February 28th. William Blair restated an “outperform” rating on shares of Standex International in a research note on Tuesday, March 11th. DA Davidson boosted their target price on shares of Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, StockNews.com downgraded shares of Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Standex International presently has an average rating of “Moderate Buy” and an average target price of $231.33.

Insider Activity at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the business’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 completion of the sale, the chief financial officer now directly owns 16,086 shares of the company’s stock, valued at approximately $3,143,847.84. The trade was a 11.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is currently owned by company insiders.

Standex International Stock Performance

Standex International stock opened at $164.32 on Friday. The stock has a 50-day simple moving average of $185.53 and a 200 day simple moving average of $187.41. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81. Standex International Co. has a 12-month low of $154.45 and a 12-month high of $212.66. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 35.88, a P/E/G ratio of 2.63 and a beta of 1.02.

Standex International (NYSE:SXI) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts anticipate that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.78%. Standex International’s dividend payout ratio is 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.