GAMMA Investing LLC Grows Stake in Standex International Co. (NYSE:SXI)

GAMMA Investing LLC boosted its position in shares of Standex International Co. (NYSE:SXI) by 322.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190 shares of the industrial products company’s stock after purchasing an additional 145 shares during the quarter. GAMMA Investing LLC’s holdings in Standex International were worth $35,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SXI. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Standex International during the 4th quarter worth $26,000. Principal Securities Inc. purchased a new position in Standex International during the 4th quarter worth $26,000. Pacer Advisors Inc. purchased a new position in Standex International during the 4th quarter worth $28,000. SRS Capital Advisors Inc. increased its holdings in Standex International by 341.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 322 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 249 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in Standex International by 15,740.0% during the 4th quarter. International Assets Investment Management LLC now owns 792 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 787 shares during the period. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Charles H. Cannon, Jr. sold 2,460 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.02, for a total transaction of $437,929.20. Following the transaction, the director now directly owns 862 shares in the company, valued at approximately $153,453.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.63% of the stock is owned by company insiders.

Standex International Stock Down 0.0 %

Shares of SXI stock opened at $161.58 on Wednesday. Standex International Co. has a 1-year low of $130.04 and a 1-year high of $184.18. The stock’s fifty day moving average price is $168.79 and its 200 day moving average price is $164.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.43 and a quick ratio of 2.65. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 2.53 and a beta of 1.07.

Standex International (NYSE:SXI) last announced its 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 return on equity of 13.72% and a net margin of 10.11%. The firm had revenue of $177.30 million for the quarter, compared to the consensus estimate of $180.06 million. During the same period in the previous year, the business earned $1.65 EPS. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, research analysts expect that Standex International Co. will post 7.1 earnings per share for the current fiscal year.

Standex International Announces Dividend

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

Analyst Upgrades and Downgrades

SXI has been the topic of a number of analyst reports. Barrington Research reiterated an “outperform” rating and issued a $180.00 price target on shares of Standex International in a report on Tuesday, May 28th. DA Davidson lifted their price target on Standex International from $200.00 to $203.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, Benchmark reiterated a “buy” rating and issued a $190.00 price target on shares of Standex International in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Standex International currently has an average rating of “Buy” and an average price target of $191.00.

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.