Standex International Co. (NYSE:SXI) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lowered its stake in shares of Standex International Co. (NYSE:SXIFree Report) by 13.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,903 shares of the industrial products company’s stock after selling 463 shares during the period. New York Life Investment Management LLC’s holdings in Standex International were worth $423,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Ameritas Investment Partners Inc. raised its stake in Standex International by 8.9% during the second quarter. Ameritas Investment Partners Inc. now owns 975 shares of the industrial products company’s stock worth $138,000 after purchasing an additional 80 shares during the period. Swiss National Bank lifted its holdings in shares of Standex International by 0.4% during the 2nd quarter. Swiss National Bank now owns 26,000 shares of the industrial products company’s stock valued at $3,678,000 after acquiring an additional 100 shares in the last quarter. Legato Capital Management LLC lifted its holdings in shares of Standex International by 3.0% during the 2nd quarter. Legato Capital Management LLC now owns 4,248 shares of the industrial products company’s stock valued at $601,000 after acquiring an additional 124 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Standex International by 1.7% during the 1st quarter. Captrust Financial Advisors now owns 8,022 shares of the industrial products company’s stock valued at $802,000 after acquiring an additional 131 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Standex International by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,038 shares of the industrial products company’s stock valued at $617,000 after acquiring an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 88.80% of the company’s stock.

Insider Activity at Standex International

In related news, Director Barbara Joanne Edwards sold 1,661 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $152.19, for a total transaction of $252,787.59. Following the completion of the sale, the director now owns 4,811 shares of the company’s stock, valued at approximately $732,186.09. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Barbara Joanne Edwards sold 1,661 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $152.19, for a total transaction of $252,787.59. Following the completion of the sale, the director now owns 4,811 shares of the company’s stock, valued at approximately $732,186.09. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ademir Sarcevic sold 2,000 shares of the business’s stock in a transaction dated 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 directly owns 14,499 shares of the company’s stock, valued at approximately $1,944,750.87. The disclosure for this sale can be found here. Insiders own 2.28% of the company’s stock.

Standex International Price Performance

SXI opened at $155.33 on Friday. The company has a 50-day moving average of $148.80 and a 200-day moving average of $147.61. The company has a market capitalization of $1.84 billion, a P/E ratio of 13.37, a PEG ratio of 2.36 and a beta of 1.00. Standex International Co. has a 1-year low of $111.02 and a 1-year high of $168.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.58 and a current ratio of 3.34.

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

Standex International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Monday, February 12th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Friday, February 9th. Standex International’s dividend payout ratio is presently 10.33%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SXI. DA Davidson began coverage on shares of Standex International in a report on Wednesday, December 13th. They set a “buy” rating and a $165.00 target price on the stock. Benchmark cut their price objective on shares of Standex International from $205.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, November 6th. Finally, StockNews.com lowered shares of Standex International from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $177.50.

View Our Latest Research Report on SXI

Standex International Profile

(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.

See Also

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

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