The Manufacturers Life Insurance Company Has $1.17 Million Stock Position in Standex International Co. (NYSE:SXI)

The Manufacturers Life Insurance Company reduced its position in shares of Standex International Co. (NYSE:SXI) by 1.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,390 shares of the industrial products company’s stock after selling 81 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Standex International were worth $1,168,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SXI. GAMMA Investing LLC grew its stake in Standex International by 93.5% in the third quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 72 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Standex International during the second quarter worth $32,000. Peterson Financial Group Inc. bought a new stake in Standex International during the third quarter worth $44,000. US Bancorp DE lifted its stake in Standex International by 15.2% in the third quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 82 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Standex International by 95.5% in the 2nd quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 358 shares during the period. 90.35% of the stock is owned by institutional investors.

Insider Transactions at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 1,600 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total value of $319,696.00. Following the sale, the chief financial officer now owns 18,086 shares of the company’s stock, valued at approximately $3,613,763.66. This trade represents a 8.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Hansen sold 1,661 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.41, for a total value of $349,491.01. Following the transaction, the director now directly owns 11,431 shares of the company’s stock, valued at $2,405,196.71. This trade represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,061 shares of company stock valued at $1,359,419. 2.10% of the stock is owned by corporate insiders.

Standex International Stock Up 1.3 %

Standex International stock opened at $209.53 on Thursday. Standex International Co. has a twelve month low of $139.61 and a twelve month high of $212.65. The stock has a market cap of $2.53 billion, a P/E ratio of 34.35, a P/E/G ratio of 2.89 and a beta of 1.05. The company’s 50-day moving average price is $193.47 and its two-hundred day moving average price is $178.92. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23.

Standex International (NYSE:SXI) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.05. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The company had revenue of $170.50 million during the quarter, compared to analysts’ expectations of $178.94 million. During the same quarter in the previous year, the business posted $1.74 earnings per share. Standex International’s quarterly revenue was down 7.7% on a year-over-year basis. As a group, analysts expect that Standex International Co. will post 7.84 EPS for the current year.

Standex International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.61%. This is an increase from Standex International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, November 8th. Standex International’s dividend payout ratio is presently 20.98%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SXI shares. Benchmark raised their target price on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barrington Research reissued an “outperform” rating and set a $220.00 target price on shares of Standex International in a report on Wednesday, October 30th. Finally, StockNews.com raised Standex International from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th.

About Standex International

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of 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.