Royce & Associates LP Raises Stock Position in Standex International Co. (NYSE:SXI)

Royce & Associates LP grew its stake in Standex International Co. (NYSE:SXI) by 33.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,560 shares of the industrial products company’s stock after purchasing an additional 1,910 shares during the period. Royce & Associates LP’s holdings in Standex International were worth $1,414,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quest Partners LLC purchased a new position in shares of Standex International during the third quarter worth about $770,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Standex International during the 3rd quarter worth approximately $1,490,000. Advisors Asset Management Inc. increased its position in Standex International by 15.0% during the third quarter. Advisors Asset Management Inc. now owns 10,647 shares of the industrial products company’s stock worth $1,946,000 after buying an additional 1,392 shares during the period. Intech Investment Management LLC lifted its stake in Standex International by 27.5% in the third quarter. Intech Investment Management LLC now owns 1,997 shares of the industrial products company’s stock valued at $365,000 after buying an additional 431 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Standex International by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock valued at $26,299,000 after acquiring an additional 3,844 shares during the period. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Standex International Stock Down 1.3 %

SXI stock opened at $168.47 on Friday. Standex International Co. has a one year low of $154.45 and a one year high of $212.66. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37. The company has a fifty day moving average of $185.80 and a 200-day moving average of $187.51. The stock has a market capitalization of $2.00 billion, a PE ratio of 36.78, a price-to-earnings-growth ratio of 2.63 and a beta of 1.02.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share 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%. As a group, analysts expect that Standex International Co. will post 7.9 EPS for the current year.

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Friday, February 14th. Standex International’s dividend payout ratio is presently 27.95%.

Insiders Place Their Bets

In other news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $195.44, for a total value of $390,880.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.