Goldman Sachs Group Inc. Buys 10,670 Shares of Standex International Co. (NYSE:SXI)

Goldman Sachs Group Inc. lifted its position in Standex International Co. (NYSE:SXI) by 6.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 188,380 shares of the industrial products company’s stock after purchasing an additional 10,670 shares during the period. Goldman Sachs Group Inc. owned about 1.59% of Standex International worth $29,836,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SXI. Comerica Bank grew its holdings in Standex International by 1.7% in the 4th quarter. Comerica Bank now owns 7,638 shares of the industrial products company’s stock worth $1,210,000 after acquiring an additional 129 shares during the last quarter. Personal CFO Solutions LLC increased its holdings in Standex International by 9.2% during the 4th quarter. Personal CFO Solutions LLC now owns 3,026 shares of the industrial products company’s stock valued at $479,000 after purchasing an additional 254 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in Standex International during the 4th quarter valued at approximately $451,000. Assetmark Inc. lifted its holdings in Standex International by 3.4% in the 4th quarter. Assetmark Inc. now owns 8,256 shares of the industrial products company’s stock worth $1,308,000 after buying an additional 271 shares during the period. Finally, Norges Bank bought a new stake in shares of Standex International in the 4th quarter worth approximately $12,560,000. 90.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barrington Research restated an “outperform” rating and set a $180.00 target price on shares of Standex International in a report on Tuesday, May 28th. DA Davidson raised their target price on shares of Standex International from $200.00 to $203.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, Benchmark reaffirmed a “buy” rating and set a $190.00 target price on shares of Standex International in a research note on Friday, May 3rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $191.00.

Insider Buying and Selling at Standex International

In other news, Director Charles H. Cannon, Jr. sold 2,460 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.02, for a total value of $437,929.20. Following the sale, the director now directly owns 862 shares of the company’s stock, valued at approximately $153,453.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.28% of the company’s stock.

Standex International Trading Down 0.0 %

NYSE SXI opened at $161.35 on Friday. The firm has a market capitalization of $1.90 billion, a PE ratio of 26.11, a P/E/G ratio of 2.53 and a beta of 1.06. The stock’s 50 day moving average is $169.13 and its 200 day moving average is $163.61. 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.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.67 by $0.08. The business had revenue of $177.30 million during the quarter, compared to analyst estimates of $180.06 million. Standex International had a return on equity of 13.72% and a net margin of 10.11%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.65 earnings per share. Research analysts forecast that Standex International Co. will post 7.1 earnings per share for the current fiscal year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, May 9th. Standex International’s dividend payout ratio (DPR) is presently 19.42%.

Standex International Company 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.