Rhumbline Advisers Sells 286 Shares of Standex International Co. (NYSE:SXI)

Rhumbline Advisers cut its position in shares of Standex International Co. (NYSE:SXI) by 0.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,507 shares of the industrial products company’s stock after selling 286 shares during the period. Rhumbline Advisers’ holdings in Standex International were worth $5,408,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SXI. Wasatch Advisors LP increased its position in shares of Standex International by 14.0% during the fourth quarter. Wasatch Advisors LP now owns 524,446 shares of the industrial products company’s stock valued at $98,066,000 after purchasing an additional 64,373 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Standex International during the fourth quarter valued at approximately $11,296,000. Ameriprise Financial Inc. increased its position in shares of Standex International by 15.6% during the fourth quarter. Ameriprise Financial Inc. now owns 346,635 shares of the industrial products company’s stock valued at $64,817,000 after purchasing an additional 46,869 shares during the period. Bryn Mawr Capital Management LLC bought a new stake in shares of Standex International during the fourth quarter valued at approximately $8,080,000. Finally, Norges Bank bought a new stake in shares of Standex International during the fourth quarter valued at approximately $7,122,000. 90.35% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Barbara Joanne Edwards sold 355 shares of the company’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $156.13, for a total value of $55,426.15. Following the completion of the sale, the director now owns 5,259 shares in the company, valued at approximately $821,087.67. This represents a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SXI shares. Roth Capital upgraded Standex International to a “strong-buy” rating in a research report on Wednesday, April 9th. DA Davidson lowered their price objective on Standex International from $207.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. William Blair reiterated an “outperform” rating on shares of Standex International in a research report on Tuesday, March 11th. Wall Street Zen upgraded Standex International from a “hold” rating to a “buy” rating in a research report on Saturday, May 31st. Finally, Barrington Research reiterated an “outperform” rating and issued a $220.00 price target on shares of Standex International in a research report on Friday, May 2nd. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Standex International currently has a consensus rating of “Buy” and an average price target of $223.33.

Standex International Stock Performance

Shares of NYSE:SXI opened at $155.43 on Friday. The business’s fifty day moving average price is $147.63 and its two-hundred day moving average price is $173.03. Standex International Co. has a fifty-two week low of $128.85 and a fifty-two week high of $212.66. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.03. The firm had revenue of $207.78 million for the quarter, compared to analysts’ expectations of $203.71 million. Standex International had a return on equity of 13.28% and a net margin of 7.59%. The business’s revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.75 earnings per share. As a group, analysts predict that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, May 9th. Standex International’s dividend payout ratio (DPR) is presently 25.30%.

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.