5,392 Shares in Standex International Co. (NYSE:SXI) Bought by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP purchased a new stake in shares of Standex International Co. (NYSE:SXI) in the 4th quarter, HoldingsChannel reports. The firm purchased 5,392 shares of the industrial products company’s stock, valued at approximately $1,008,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wasatch Advisors LP lifted its stake in shares of Standex International by 24.6% in the 3rd quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock valued at $84,092,000 after acquiring an additional 90,770 shares during the last quarter. Bryn Mawr Capital Management LLC purchased a new position in Standex International in the 4th quarter worth approximately $8,080,000. State Street Corp lifted its position in 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 purchasing an additional 23,786 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Standex International during the third quarter valued at approximately $2,821,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Standex International in the fourth quarter worth approximately $2,482,000. 90.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CFO Ademir Sarcevic sold 2,000 shares of the business’s 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 sale, the chief financial officer now owns 16,086 shares in the company, valued at approximately $3,143,847.84. The trade was a 11.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Standex International Trading Down 1.4 %

Shares of SXI stock opened at $184.25 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61. The firm has a fifty day moving average price of $188.48 and a 200-day moving average price of $186.81. The company has a market cap of $2.19 billion, a price-to-earnings 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.

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

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a yield of 0.69%. Standex International’s dividend payout ratio 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.