Personal CFO Solutions LLC Decreases Stake in Standex International Co. (NYSE:SXI)

Personal CFO Solutions LLC cut its holdings in Standex International Co. (NYSE:SXI) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,539 shares of the industrial products company’s stock after selling 172 shares during the period. Personal CFO Solutions LLC’s holdings in Standex International were worth $475,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Peterson Financial Group Inc. acquired a new position in Standex International in the 3rd quarter valued at about $44,000. Versant Capital Management Inc grew its holdings in shares of Standex International by 27.0% during the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 64 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Standex International by 183.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 330 shares during the period. KBC Group NV boosted its holdings in Standex International by 45.7% in the 4th 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 boosted its holdings in Standex International by 15.2% in the 3rd 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. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $195.44, for a total transaction of $390,880.00. Following the completion of the sale, the chief financial officer now directly owns 16,086 shares of the company’s stock, valued at $3,143,847.84. This trade represents a 11.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.10% of the company’s stock.

Standex International Trading Up 1.6 %

Shares of SXI stock opened at $186.27 on Monday. The stock has a 50-day simple moving average of $187.58 and a 200 day simple moving average of $187.58. Standex International Co. has a fifty-two week low of $154.45 and a fifty-two week high of $212.65. The stock has a market capitalization of $2.22 billion, a P/E ratio of 40.67, a P/E/G ratio of 2.63 and a beta of 1.02. The company has a quick ratio of 2.61, a current ratio of 3.37 and a debt-to-equity ratio of 0.81.

Standex International (NYSE:SXI) last announced its earnings results 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%. On average, sell-side analysts expect that Standex International Co. will post 7.9 earnings per share for the current fiscal 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 paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.69%. The ex-dividend date was Friday, February 14th. Standex International’s dividend payout ratio is currently 27.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SXI shares. Barrington Research reiterated an “outperform” rating and set a $220.00 target price on shares of Standex International in a research note on Friday, February 28th. StockNews.com lowered Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, DA Davidson increased their target price on Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th.

Standex International Company 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.