Teton Advisors Inc. Sells 200 Shares of Standex International Co. (NYSE:SXI)

Teton Advisors Inc. cut its position in shares of Standex International Co. (NYSE:SXI) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,000 shares of the industrial products company’s stock after selling 200 shares during the period. Teton Advisors Inc. owned about 0.12% of Standex International worth $1,981,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in SXI. Nicholas Investment Partners LP raised its stake in Standex International by 15.8% in the second quarter. Nicholas Investment Partners LP now owns 33,809 shares of the industrial products company’s stock worth $4,783,000 after buying an additional 4,622 shares in the last quarter. Citigroup Inc. grew its stake in Standex International by 46.4% in the second quarter. Citigroup Inc. now owns 10,590 shares of the industrial products company’s stock valued at $1,498,000 after purchasing an additional 3,358 shares during the last quarter. Swiss National Bank raised its holdings in Standex International by 0.4% in the second quarter. Swiss National Bank now owns 26,000 shares of the industrial products company’s stock worth $3,678,000 after purchasing an additional 100 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Standex International by 6.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,455 shares of the industrial products company’s stock worth $1,903,000 after purchasing an additional 808 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Standex International by 1.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 58,474 shares of the industrial products company’s stock valued at $8,272,000 after buying an additional 657 shares in the last quarter. 88.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $134.13, for a total transaction of $268,260.00. Following the sale, the chief financial officer now directly owns 14,499 shares of the company’s stock, valued at approximately $1,944,750.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Barbara Joanne Edwards sold 970 shares of Standex International stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $155.77, for a total transaction of $151,096.90. Following the completion of the transaction, the director now directly owns 5,564 shares of the company’s stock, valued at approximately $866,704.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Ademir Sarcevic sold 2,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $134.13, for a total transaction of $268,260.00. Following the completion of the transaction, the chief financial officer now owns 14,499 shares of the company’s stock, valued at $1,944,750.87. The disclosure for this sale can be found here. Insiders sold a total of 7,425 shares of company stock valued at $1,095,857 over the last 90 days. Insiders own 2.28% of the company’s stock.

Standex International Stock Performance

SXI stock traded up $1.45 during midday trading on Friday, reaching $137.62. The stock had a trading volume of 39,724 shares, compared to its average volume of 51,336. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.44 and a current ratio of 3.19. Standex International Co. has a 52-week low of $96.32 and a 52-week high of $168.81. The stock has a market cap of $1.64 billion, a PE ratio of 11.74, a P/E/G ratio of 2.06 and a beta of 1.11. The firm has a fifty day simple moving average of $144.01 and a two-hundred day simple moving average of $144.34.

Standex International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.87%. This is a boost from Standex International’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Tuesday, November 7th. Standex International’s payout ratio is presently 10.24%.

Wall Street Analyst Weigh In

SXI has been the subject of a number of analyst reports. StockNews.com started coverage on shares of Standex International in a research report on Thursday, October 5th. They set a “strong-buy” rating for the company. Benchmark dropped their target price on Standex International from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, November 6th.

Standex International Company Profile

Standex International Corporation, together with subsidiaries, manufactures and sells 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.