US Bancorp DE Buys 82 Shares of Standex International Co. (NYSE:SXI)

US Bancorp DE increased its stake in shares of Standex International Co. (NYSE:SXI) by 15.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 623 shares of the industrial products company’s stock after purchasing an additional 82 shares during the quarter. US Bancorp DE’s holdings in Standex International were worth $114,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Champlain Investment Partners LLC lifted its holdings in Standex International by 4.6% during the 1st quarter. Champlain Investment Partners LLC now owns 637,162 shares of the industrial products company’s stock worth $116,104,000 after buying an additional 27,990 shares in the last quarter. Copeland Capital Management LLC lifted its stake in shares of Standex International by 0.8% during the third quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company’s stock valued at $101,670,000 after acquiring an additional 4,281 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Standex International by 0.3% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 254,841 shares of the industrial products company’s stock valued at $41,068,000 after acquiring an additional 771 shares during the last quarter. Leeward Investments LLC MA increased its position in Standex International by 5.6% in the second quarter. Leeward Investments LLC MA now owns 132,054 shares of the industrial products company’s stock worth $21,281,000 after purchasing an additional 7,020 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of Standex International by 4.1% during the third quarter. Handelsbanken Fonder AB now owns 127,700 shares of the industrial products company’s stock worth $23,341,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Activity

In other news, CFO Ademir Sarcevic sold 3,800 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $181.64, for a total value of $690,232.00. Following the sale, the chief financial officer now owns 19,686 shares of the company’s stock, valued at $3,575,765.04. The trade was a 16.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.41, for a total transaction of $349,491.01. Following the transaction, the director now owns 11,431 shares of the company’s stock, valued at $2,405,196.71. The trade was a 12.69 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Benchmark lifted their target price on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. DA Davidson raised their target price on Standex International from $203.00 to $211.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $220.00 price target on shares of Standex International in a research note on Wednesday, October 30th.

Standex International Price Performance

SXI opened at $202.27 on Friday. The stock has a market cap of $2.44 billion, a P/E ratio of 33.16, a P/E/G ratio of 2.89 and a beta of 1.03. Standex International Co. has a 12 month low of $131.96 and a 12 month high of $211.90. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $182.43 and a 200 day simple moving average of $174.76.

Standex International (NYSE:SXI) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $178.94 million. During the same period in the prior year, the company earned $1.74 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, research analysts expect that Standex International Co. will post 7.84 EPS for the current year.

Standex International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.28 dividend on an annualized basis and a yield of 0.63%. This is a positive change from Standex International’s previous quarterly dividend of $0.30. Standex International’s payout ratio is presently 20.98%.

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.