Moody National Bank Trust Division Buys New Shares in Standex International Co. (NYSE:SXI)

Moody National Bank Trust Division purchased a new stake in Standex International Co. (NYSE:SXI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,293 shares of the industrial products company’s stock, valued at approximately $236,000.

Several other hedge funds also recently added to or reduced their stakes in SXI. Norges Bank purchased a new stake in Standex International in the fourth quarter valued at $12,560,000. Cerity Partners LLC purchased a new stake in Standex International in the fourth quarter valued at $6,089,000. Envestnet Asset Management Inc. boosted its holdings in Standex International by 37.3% in the third quarter. Envestnet Asset Management Inc. now owns 80,305 shares of the industrial products company’s stock valued at $11,700,000 after purchasing an additional 21,831 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its holdings in Standex International by 99.2% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 42,532 shares of the industrial products company’s stock valued at $6,736,000 after purchasing an additional 21,182 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in Standex International by 267.3% in the third quarter. Qube Research & Technologies Ltd now owns 27,102 shares of the industrial products company’s stock valued at $3,948,000 after purchasing an additional 19,724 shares during the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SXI. Barrington Research reissued an “outperform” rating and set a $180.00 target price on shares of Standex International in a research note on Tuesday, May 28th. DA Davidson increased their target price on shares of Standex International from $200.00 to $203.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Finally, Benchmark reissued a “buy” rating and set a $190.00 target price on shares of Standex International in a research note on Friday, May 3rd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Standex International has an average rating of “Buy” and a consensus price target of $191.00.

Standex International Stock Down 0.1 %

SXI opened at $162.99 on Thursday. Standex International Co. has a twelve month low of $130.04 and a twelve month high of $184.18. The company has a quick ratio of 2.65, a current ratio of 3.43 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $169.55 and a 200 day moving average price of $163.28. The company has a market cap of $1.91 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06.

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 the consensus estimate of $1.67 by $0.08. Standex International had a net margin of 10.11% and a return on equity of 13.72%. The firm had revenue of $177.30 million during the quarter, compared to the consensus estimate of $180.06 million. During the same quarter in the prior year, the firm earned $1.65 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. Sell-side analysts expect that Standex International Co. will post 7.1 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.20 annualized dividend and a dividend yield of 0.74%. Standex International’s dividend payout ratio (DPR) is presently 19.42%.

Insider Buying and Selling

In related news, Director Charles H. Cannon, Jr. sold 2,460 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.02, for a total transaction of $437,929.20. Following the completion of the transaction, the director now owns 862 shares in the company, valued at approximately $153,453.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.28% of the company’s stock.

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.