Advantage Alpha Capital Partners LP Makes New Investment in Standex International Co. (NYSE:SXI)

Advantage Alpha Capital Partners LP acquired a new stake in Standex International Co. (NYSE:SXI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,659 shares of the industrial products company’s stock, valued at approximately $1,993,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Advisors Asset Management Inc. grew its position in shares of Standex International by 15.0% in the third quarter. Advisors Asset Management Inc. now owns 10,647 shares of the industrial products company’s stock valued at $1,946,000 after purchasing an additional 1,392 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Standex International by 27.5% in the 3rd quarter. Intech Investment Management LLC now owns 1,997 shares of the industrial products company’s stock valued at $365,000 after purchasing an additional 431 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Standex International by 2.7% in 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 buying an additional 3,844 shares during the period. Raymond James Trust N.A. boosted its holdings in Standex International by 7.9% in the third quarter. Raymond James Trust N.A. now owns 4,740 shares of the industrial products company’s stock valued at $866,000 after acquiring an additional 347 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Standex International by 14.4% during the third quarter. Cerity Partners LLC now owns 7,642 shares of the industrial products company’s stock valued at $1,397,000 after acquiring an additional 963 shares during the period. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of Standex International stock in a transaction that occurred on Monday, February 10th. The stock was 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 directly owns 16,086 shares in the company, valued at $3,143,847.84. The trade was a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SXI shares. Barrington Research restated an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a report on Friday, February 28th. DA Davidson raised their price target 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. William Blair reiterated an “outperform” rating on shares of Standex International in a research note on Tuesday, March 11th. 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 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, the company currently has an average rating of “Moderate Buy” and an average price target of $231.33.

Standex International Price Performance

Shares of SXI stock opened at $164.32 on Monday. The firm has a market cap of $1.96 billion, a P/E ratio of 35.88, a P/E/G ratio of 2.63 and a beta of 1.02. The firm has a fifty day moving average of $185.53 and a two-hundred day moving average of $187.65. 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 Co. has a 1-year low of $154.45 and a 1-year high of $212.66.

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 the consensus estimate 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, research analysts anticipate that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.32 per share. 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 (DPR) is 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.