International Assets Investment Management LLC Raises Holdings in Standex International Co. (NYSE:SXI)

International Assets Investment Management LLC grew its position in Standex International Co. (NYSE:SXI) by 18,180.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 914 shares of the industrial products company’s stock after buying an additional 909 shares during the quarter. International Assets Investment Management LLC’s holdings in Standex International were worth $167,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Lord Abbett & CO. LLC purchased a new stake in shares of Standex International in the 1st quarter worth $4,647,000. Harbor Capital Advisors Inc. lifted its stake in shares of Standex International by 292.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 5,233 shares of the industrial products company’s stock worth $843,000 after purchasing an additional 3,900 shares during the last quarter. Boston Partners purchased a new stake in shares of Standex International during the 1st quarter worth $691,000. SG Americas Securities LLC purchased a new stake in shares of Standex International during the 2nd quarter worth $743,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Standex International by 5.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 98,671 shares of the industrial products company’s stock worth $15,901,000 after purchasing an additional 4,768 shares during the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Standex International Trading Up 11.0 %

Shares of NYSE:SXI opened at $205.65 on Thursday. The business’s 50-day moving average is $177.16 and its 200 day moving average is $172.91. Standex International Co. has a 1 year low of $130.04 and a 1 year high of $210.14. The firm has a market capitalization of $2.48 billion, a P/E ratio of 34.04, a P/E/G ratio of 2.65 and a beta of 1.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.55 and a quick ratio of 2.83.

Standex International (NYSE:SXI) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.05. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The company had revenue of $170.50 million for the quarter, compared to analyst estimates of $178.94 million. During the same period in the prior year, the company posted $1.74 EPS. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, research analysts predict that Standex International Co. will post 7.63 earnings per share for the current fiscal year.

Standex International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a dividend of $0.32 per share. This is a positive change from Standex International’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Friday, November 8th. Standex International’s dividend payout ratio is currently 20.98%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Benchmark upped their price objective on Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Barrington Research restated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research note on Wednesday, October 30th. DA Davidson upped their price objective on Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th.

Insider Activity at Standex International

In related news, CFO Ademir Sarcevic sold 3,800 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $181.64, for a total transaction of $690,232.00. Following the transaction, the chief financial officer now directly owns 19,686 shares of the company’s stock, valued at $3,575,765.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by corporate insiders.

Standex International Profile

Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of 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.