Standex International Co. (NYSE:SXI) Shares Sold by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. lessened its stake in Standex International Co. (NYSE:SXI) by 19.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 243 shares of the industrial products company’s stock after selling 60 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Standex International were worth $45,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Peterson Financial Group Inc. acquired a new stake in shares of Standex International in the 3rd quarter valued at about $44,000. Versant Capital Management Inc raised its stake in shares of Standex International by 27.0% in the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 64 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Standex International by 183.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 330 shares in the last quarter. KBC Group NV raised its stake in Standex International by 45.7% during the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 172 shares during the period. Finally, US Bancorp DE raised its stake in Standex International by 15.2% during the third quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock worth $114,000 after acquiring an additional 82 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Price Performance

Shares of NYSE:SXI opened at $186.27 on Friday. The firm’s 50 day moving average is $187.64 and its two-hundred day moving average is $187.29. Standex International Co. has a 52 week low of $154.45 and a 52 week high of $212.65. The firm has a market capitalization of $2.22 billion, a P/E ratio of 40.67, a PEG ratio of 2.63 and a beta of 1.02. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. Analysts anticipate that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Friday, February 14th. Standex International’s dividend payout ratio (DPR) is presently 27.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SXI shares. StockNews.com lowered shares of Standex International from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Barrington Research reiterated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research note on Friday, February 28th. Finally, DA Davidson increased their price objective 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.

Insider Activity

In other news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction that occurred on 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 directly 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 legal filing with the SEC, which is accessible through this link. Insiders own 2.10% of the company’s stock.

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.