Russell Investments Group Ltd. Lowers Stock Holdings in Standex International Co. (NYSE:SXI)

Russell Investments Group Ltd. lessened its holdings in shares of Standex International Co. (NYSE:SXI) by 9.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,918 shares of the industrial products company’s stock after selling 4,936 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.39% of Standex International worth $7,273,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SXI. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Standex International during the fourth quarter worth about $26,000. Pacer Advisors Inc. purchased a new position in shares of Standex International during the 4th quarter worth about $28,000. International Assets Investment Management LLC boosted its position in shares of Standex International by 15,740.0% in the fourth quarter. International Assets Investment Management LLC now owns 792 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 787 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in Standex International in the third quarter valued at approximately $203,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in Standex International during the third quarter worth approximately $249,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Price Performance

Shares of NYSE SXI opened at $166.69 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.43 and a quick ratio of 2.65. Standex International Co. has a 1-year low of $128.27 and a 1-year high of $184.18. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 2.69 and a beta of 1.06. The business has a 50-day moving average of $174.64 and a 200-day moving average of $156.83.

Standex International (NYSE:SXI) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.08. The firm had revenue of $177.30 million during the quarter, compared to analysts’ expectations of $180.06 million. Standex International had a return on equity of 13.72% and a net margin of 10.11%. Standex International’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.65 EPS. On average, equities analysts anticipate that Standex International Co. will post 7.23 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, May 9th. Standex International’s dividend payout ratio (DPR) is 19.42%.

Insiders Place Their Bets

In other news, CEO David A. Dunbar sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $165.00, for a total transaction of $825,000.00. Following the completion of the sale, the chief executive officer now directly owns 62,233 shares in the company, valued at $10,268,445. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO David A. Dunbar sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $165.00, for a total transaction of $825,000.00. Following the completion of the transaction, the chief executive officer now directly owns 62,233 shares in the company, valued at approximately $10,268,445. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David A. Dunbar sold 4,901 shares of Standex International stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $180.00, for a total transaction of $882,180.00. Following the completion of the sale, the chief executive officer now owns 57,332 shares of the company’s stock, valued at approximately $10,319,760. The disclosure for this sale can be found here. Insiders have sold 16,423 shares of company stock worth $2,727,661 in the last quarter. 2.63% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SXI has been the topic of several research reports. StockNews.com lowered Standex International from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 5th. DA Davidson raised their price objective on Standex International from $200.00 to $203.00 and gave the stock a “buy” rating in a report on Tuesday. Benchmark reiterated a “buy” rating and set a $190.00 target price on shares of Standex International in a report on Friday, May 3rd. Finally, Barrington Research reissued an “outperform” rating and set a $180.00 target price on shares of Standex International in a research report on Monday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $191.00.

Standex International 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.