Ibex Wealth Advisors Takes $285,000 Position in Standex International Co. (NYSE:SXI)

Ibex Wealth Advisors acquired a new position in Standex International Co. (NYSE:SXI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,527 shares of the industrial products company’s stock, valued at approximately $285,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Copeland Capital Management LLC increased its stake in shares of Standex International by 0.8% during the 3rd quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company’s stock worth $101,670,000 after purchasing an additional 4,281 shares during the last quarter. State Street Corp increased its position in Standex International by 5.1% during the third quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock worth $88,849,000 after buying an additional 23,786 shares during the last quarter. Wasatch Advisors LP raised its holdings in Standex International by 24.6% during the third quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock valued at $84,092,000 after buying an additional 90,770 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Standex International by 3.0% in the third quarter. Geode Capital Management LLC now owns 308,217 shares of the industrial products company’s stock worth $56,345,000 after buying an additional 9,119 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Standex International by 2.7% during the 3rd 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 last quarter. Institutional investors own 90.35% of the company’s stock.

Insider Transactions at Standex International

In other Standex International news, Director Thomas J. Hansen sold 1,661 shares of Standex International stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $210.41, for a total transaction of $349,491.01. Following the sale, the director now directly owns 11,431 shares of the company’s stock, valued at approximately $2,405,196.71. The trade was a 12.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ademir Sarcevic sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $199.81, for a total value of $319,696.00. Following the completion of the sale, the chief financial officer now owns 18,086 shares in the company, valued at approximately $3,613,763.66. This represents a 8.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,061 shares of company stock valued at $1,359,419. 2.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on SXI shares. Barrington Research reiterated an “outperform” rating and set a $220.00 price target on shares of Standex International in a report on Tuesday. Benchmark lifted their target price on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th.

Standex International Stock Down 0.8 %

SXI opened at $185.49 on Thursday. Standex International Co. has a 1-year low of $141.90 and a 1-year high of $212.65. The business has a 50 day moving average of $195.00 and a 200-day moving average of $185.46. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 2.72 and a beta of 1.07. The company has a current ratio of 3.55, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.05. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The company had revenue of $170.50 million for the quarter, compared to the consensus estimate of $178.94 million. During the same quarter in the previous year, the firm posted $1.74 EPS. The business’s revenue was down 7.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Standex International Co. will post 7.84 earnings per share for the current year.

Standex International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders 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 dividend yield of 0.69%. Standex International’s dividend payout ratio is currently 20.98%.

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.