Swiss National Bank Has $2.96 Million Holdings in Standex International Co. (NYSE:SXI)

Swiss National Bank grew its stake in Standex International Co. (NYSE:SXI – Get Rating) by 1.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 28,900 shares of the industrial products company’s stock after buying an additional 300 shares during the quarter. Swiss National Bank’s holdings in Standex International were worth $2,960,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Russell Investments Group Ltd. lifted its position in shares of Standex International by 3.6% during the 4th quarter. Russell Investments Group Ltd. now owns 43,853 shares of the industrial products company’s stock worth $4,491,000 after purchasing an additional 1,531 shares during the last quarter. Arizona State Retirement System increased its stake in Standex International by 2.9% during the fourth quarter. Arizona State Retirement System now owns 3,376 shares of the industrial products company’s stock valued at $346,000 after acquiring an additional 96 shares during the period. State Board of Administration of Florida Retirement System bought a new position in Standex International during the fourth quarter valued at about $231,000. Envestnet Asset Management Inc. increased its stake in Standex International by 2.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 59,959 shares of the industrial products company’s stock valued at $6,140,000 after acquiring an additional 1,514 shares during the period. Finally, Burney Co. bought a new position in Standex International during the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 86.70% of the company’s stock.

Analysts Set New Price Targets

SXI has been the topic of several research reports. StockNews.com initiated coverage on Standex International in a research note on Thursday, May 18th. They set a “strong-buy” rating on the stock. Benchmark restated a “buy” rating and set a $150.00 price target on shares of Standex International in a research note on Friday, February 3rd. Finally, Barrington Research restated an “outperform” rating on shares of Standex International in a research note on Tuesday, May 2nd.

Standex International Trading Down 0.6 %

SXI stock opened at $141.05 on Wednesday. Standex International Co. has a 1-year low of $79.02 and a 1-year high of $143.09. The firm has a market cap of $1.68 billion, a P/E ratio of 12.72, a P/E/G ratio of 2.33 and a beta of 1.19. The business’s 50 day moving average is $123.89 and its 200-day moving average is $114.10. The company has a current ratio of 3.53, a quick ratio of 2.73 and a debt-to-equity ratio of 0.29.

Standex International (NYSE:SXI – Get Rating) last released its quarterly earnings data on Friday, May 5th. The industrial products company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.08. Standex International had a return on equity of 14.67% and a net margin of 17.91%. The company had revenue of $184.30 million for the quarter, compared to analyst estimates of $178.09 million. During the same period in the prior year, the company posted $1.54 EPS. The company’s revenue was down 2.6% compared to the same quarter last year. Equities analysts anticipate that Standex International Co. will post 6.65 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 25th. Stockholders of record on Wednesday, May 10th will be paid a $0.28 dividend. The ex-dividend date is Tuesday, May 9th. This represents a $1.12 annualized dividend and a dividend yield of 0.79%. Standex International’s dividend payout ratio is currently 10.10%.

Insider Buying and Selling

In related news, Director Thomas E. Chorman sold 745 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $141.58, for a total transaction of $105,477.10. Following the sale, the director now directly owns 12,519 shares in the company, valued at approximately $1,772,440.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Thomas E. Chorman sold 745 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $141.58, for a total transaction of $105,477.10. Following the sale, the director now directly owns 12,519 shares in the company, valued at approximately $1,772,440.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ademir Sarcevic sold 755 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $140.45, for a total value of $106,039.75. Following the sale, the chief financial officer now owns 9,720 shares in the company, valued at $1,365,174. The disclosure for this sale can be found here. Insiders have sold a total of 26,500 shares of company stock worth $3,474,417 in the last three months. Insiders own 2.28% of the company’s stock.

Standex International Profile

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Standex International Corp. manufactures products and services for commercial and industrial markets. It operates through the following segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions. The Electronics segment is engaged in the manufacturing and selling of electronic components for applications throughout the end-user market spectrum.