Kingsview Wealth Management LLC Lowers Stock Holdings in Standex International Co. (NYSE:SXI)

Kingsview Wealth Management LLC lowered its position in Standex International Co. (NYSE:SXIFree Report) by 6.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,783 shares of the industrial products company’s stock after selling 132 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Standex International were worth $260,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SXI. BlackRock Inc. increased its position in shares of Standex International by 1.1% in the 3rd quarter. BlackRock Inc. now owns 1,927,460 shares of the industrial products company’s stock worth $157,378,000 after purchasing an additional 20,952 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Standex International by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,397,241 shares of the industrial products company’s stock worth $114,084,000 after purchasing an additional 12,403 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Standex International by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 569,786 shares of the industrial products company’s stock worth $69,764,000 after purchasing an additional 2,787 shares during the last quarter. Copeland Capital Management LLC increased its position in shares of Standex International by 0.9% in the 3rd quarter. Copeland Capital Management LLC now owns 550,000 shares of the industrial products company’s stock worth $80,129,000 after purchasing an additional 4,880 shares during the last quarter. Finally, State Street Corp increased its position in shares of Standex International by 0.6% in the 3rd quarter. State Street Corp now owns 480,861 shares of the industrial products company’s stock worth $39,262,000 after purchasing an additional 2,937 shares during the last quarter. Institutional investors and hedge funds own 88.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SXI shares. DA Davidson started coverage on shares of Standex International in a research report on Wednesday, December 13th. They issued a “buy” rating and a $165.00 target price for the company. StockNews.com downgraded shares of Standex International from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Benchmark reduced their target price on shares of Standex International from $205.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, November 6th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $177.50.

Read Our Latest Report on Standex International

Standex International Stock Up 0.7 %

SXI stock opened at $151.54 on Thursday. Standex International Co. has a 12 month low of $111.02 and a 12 month high of $168.81. The firm has a market cap of $1.80 billion, a PE ratio of 13.04, a P/E/G ratio of 2.30 and a beta of 1.00. The firm has a 50 day simple moving average of $148.00 and a 200 day simple moving average of $147.47. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.34 and a quick ratio of 2.58.

Standex International (NYSE:SXIGet Free Report) last released its earnings results on Friday, February 2nd. The industrial products company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. Standex International had a net margin of 18.80% and a return on equity of 13.63%. The business had revenue of $178.40 million during the quarter, compared to analyst estimates of $180.25 million. During the same period in the prior year, the business earned $1.74 earnings per share. The business’s quarterly revenue was down 5.0% on a year-over-year basis. Equities research analysts forecast that Standex International Co. will post 7.28 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Monday, February 12th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.79%. Standex International’s dividend payout ratio is currently 10.33%.

Insider Activity

In other news, CFO Ademir Sarcevic sold 2,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 14,499 shares in the company, valued at $1,944,750.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.28% of the stock is owned by company insiders.

About Standex International

(Free Report)

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.

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Institutional Ownership by Quarter for Standex International (NYSE:SXI)

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