Diversified Trust Co Increases Position in Standex International Co. (NYSE:SXI)

Diversified Trust Co raised its position in shares of Standex International Co. (NYSE:SXI) by 33.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,437 shares of the industrial products company’s stock after purchasing an additional 1,351 shares during the period. Diversified Trust Co’s holdings in Standex International were worth $991,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Standex International during the 4th quarter valued at about $12,560,000. Cerity Partners LLC bought a new stake in shares of Standex International in the 4th quarter worth approximately $6,089,000. Knights of Columbus Asset Advisors LLC boosted its stake in shares of Standex International by 99.2% in the 4th 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 in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Standex International by 267.3% during the 3rd 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. Finally, Assenagon Asset Management S.A. purchased a new position in Standex International in the 4th quarter worth $2,222,000. Institutional investors own 90.35% of the company’s stock.

Standex International Stock Performance

Standex International stock opened at $156.50 on Tuesday. Standex International Co. has a 1-year low of $130.04 and a 1-year high of $184.18. The firm has a market cap of $1.84 billion, a P/E ratio of 25.32, a P/E/G ratio of 2.52 and a beta of 1.04. 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 firm has a 50-day moving average of $168.13 and a 200-day moving average of $164.50.

Standex International (NYSE:SXI) last released its quarterly earnings data 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. The business had revenue of $177.30 million during the quarter, compared to analysts’ expectations of $180.06 million. Standex International had a return on equity of 13.72% and a net margin of 10.11%. The business’s revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the business posted $1.65 EPS. Sell-side analysts expect that Standex International Co. will post 7.1 EPS for the current year.

Standex International Dividend Announcement

The business 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. The ex-dividend date was Thursday, May 9th. This represents a $1.20 annualized dividend and a yield of 0.77%. Standex International’s dividend payout ratio (DPR) is presently 19.42%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, Director Charles H. Cannon, Jr. sold 2,460 shares of the business’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 transaction, the director now owns 862 shares in the company, valued at $153,453.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.63% of the company’s stock.

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.