Bryn Mawr Capital Management LLC Makes New Investment in Standex International Co. (NYSE:SXI)

Bryn Mawr Capital Management LLC purchased a new stake in shares of Standex International Co. (NYSE:SXI) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,073 shares of the industrial products company’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning lifted its holdings in Standex International by 27.8% in the third quarter. Creative Planning now owns 2,744 shares of the industrial products company’s stock valued at $502,000 after acquiring an additional 597 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Standex International by 18,180.0% in the 3rd quarter. International Assets Investment Management LLC now owns 914 shares of the industrial products company’s stock worth $167,000 after purchasing an additional 909 shares during the period. US Bancorp DE boosted its holdings in shares of Standex International by 15.2% in the third quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock worth $114,000 after buying an additional 82 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Standex International by 114.5% during the third quarter. Harbor Capital Advisors Inc. now owns 11,227 shares of the industrial products company’s stock valued at $2,052,000 after buying an additional 5,994 shares during the period. Finally, Assetmark Inc. increased its holdings in Standex International by 7.3% during the third quarter. Assetmark Inc. now owns 9,608 shares of the industrial products company’s stock valued at $1,756,000 after buying an additional 653 shares during the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SXI has been the topic of several analyst reports. DA Davidson lifted their price target 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. StockNews.com downgraded Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Barrington Research restated an “outperform” rating and issued a $220.00 price target on shares of Standex International in a research report on Monday, February 3rd.

Insider Buying and Selling

In other news, CFO Ademir Sarcevic sold 2,000 shares of Standex International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $195.44, for a total transaction of $390,880.00. Following the sale, the chief financial officer now owns 16,086 shares in the company, valued at $3,143,847.84. This trade represents a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.10% of the stock is owned by insiders.

Standex International Stock Performance

SXI opened at $184.25 on Friday. The firm has a market cap of $2.19 billion, a P/E ratio of 40.23, a PEG ratio of 2.63 and a beta of 1.06. Standex International Co. has a 1-year low of $154.45 and a 1-year high of $212.65. The company has a 50 day simple moving average of $188.48 and a two-hundred day simple moving average of $186.81. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61.

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

Standex International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, February 14th. Standex International’s dividend payout ratio (DPR) is presently 27.95%.

Standex International Profile

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.