PNC Financial Services Group Inc. Sells 84 Shares of Standex International Co. (NYSE:SXI)

PNC Financial Services Group Inc. cut its holdings in Standex International Co. (NYSE:SXI) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,074 shares of the industrial products company’s stock after selling 84 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Standex International were worth $328,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Deutsche Bank AG grew its holdings in shares of Standex International by 18.5% during the 3rd quarter. Deutsche Bank AG now owns 6,560 shares of the industrial products company’s stock valued at $956,000 after purchasing an additional 1,023 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Standex International during the third quarter worth $249,000. Stifel Financial Corp increased its holdings in shares of Standex International by 3.0% during the third quarter. Stifel Financial Corp now owns 18,801 shares of the industrial products company’s stock worth $2,739,000 after buying an additional 555 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Standex International by 1.9% in the 3rd quarter. Northern Trust Corp now owns 251,791 shares of the industrial products company’s stock valued at $36,683,000 after acquiring an additional 4,742 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Standex International during the 3rd quarter valued at $1,690,000. Institutional investors own 90.35% of the company’s stock.

Standex International Trading Up 0.5 %

Shares of SXI stock opened at $161.15 on Friday. Standex International Co. has a 1-year low of $130.04 and a 1-year high of $184.18. The company has a current ratio of 3.43, a quick ratio of 2.65 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 2.51 and a beta of 1.06. The stock has a 50-day moving average of $168.38 and a 200-day moving average of $164.35.

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

Standex International Announces Dividend

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

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 dated Thursday, May 9th. The stock was sold at an average price of $178.02, for a total value of $437,929.20. Following the transaction, the director now directly owns 862 shares of the company’s stock, valued at approximately $153,453.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SXI. Benchmark reaffirmed a “buy” rating and issued a $190.00 target price on shares of Standex International in a report on Friday, May 3rd. Barrington Research reiterated an “outperform” rating and issued a $180.00 price objective on shares of Standex International in a report on Tuesday, May 28th. Finally, DA Davidson boosted their target price on shares of Standex International from $200.00 to $203.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $191.00.

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.