Handelsbanken Fonder AB Grows Stock Position in Standex International Co. (NYSE:SXI)

Handelsbanken Fonder AB raised its holdings in Standex International Co. (NYSE:SXI) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 152,700 shares of the industrial products company’s stock after buying an additional 5,000 shares during the quarter. Handelsbanken Fonder AB owned about 1.28% of Standex International worth $24,185,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SXI. AE Wealth Management LLC purchased a new stake in Standex International in the third quarter valued at about $230,000. SG Americas Securities LLC acquired a new position in shares of Standex International in the third quarter valued at about $655,000. Copeland Capital Management LLC increased its holdings in shares of Standex International by 0.9% in the third quarter. Copeland Capital Management LLC now owns 550,000 shares of the industrial products company’s stock valued at $80,129,000 after purchasing an additional 4,880 shares during the period. Raymond James & Associates increased its holdings in shares of Standex International by 4.0% in the third quarter. Raymond James & Associates now owns 12,360 shares of the industrial products company’s stock valued at $1,801,000 after purchasing an additional 478 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Standex International by 20.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,692 shares of the industrial products company’s stock valued at $392,000 after purchasing an additional 461 shares during the period. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Standex International Stock Up 0.8 %

Standex International stock opened at $168.91 on Tuesday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 2.57 and a beta of 1.03. Standex International Co. has a 52 week low of $117.24 and a 52 week high of $184.18. The business’s 50-day moving average price is $172.51 and its 200 day moving average price is $155.02. The company has a quick ratio of 2.58, a current ratio of 3.34 and a debt-to-equity ratio of 0.24.

Standex International (NYSE:SXI) last posted its earnings results on Friday, February 2nd. The industrial products company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.72 by $0.06. The firm had revenue of $178.40 million for the quarter, compared to analyst estimates of $180.25 million. Standex International had a return on equity of 13.63% and a net margin of 18.80%. Standex International’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $1.74 earnings per share. As a group, sell-side analysts anticipate that Standex International Co. will post 7.23 earnings per share for the current year.

Standex International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, February 12th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.71%. The ex-dividend date was Friday, February 9th. Standex International’s dividend payout ratio (DPR) is 10.33%.

Insider Buying and Selling

In other Standex International news, CEO David A. Dunbar sold 4,901 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $180.00, for a total value of $882,180.00. Following the sale, the chief executive officer now directly owns 57,332 shares of the company’s stock, valued at $10,319,760. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Standex International news, CEO David A. Dunbar sold 4,901 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $180.00, for a total value of $882,180.00. Following the sale, the chief executive officer now directly owns 57,332 shares of the company’s stock, valued at $10,319,760. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barbara Joanne Edwards sold 1,661 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $152.19, for a total value of $252,787.59. Following the completion of the sale, the director now directly owns 4,811 shares in the company, valued at $732,186.09. The disclosure for this sale can be found here. Insiders have sold a total of 18,084 shares of company stock valued at $2,980,448 over the last ninety days. Company insiders own 2.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SXI shares. DA Davidson increased their price objective on Standex International from $165.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. StockNews.com lowered 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.com, the company has an average rating of “Buy” and a consensus target price of $195.00.

About Standex International

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.