Standex International Co. (NYSE:SXI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its position in shares of Standex International Co. (NYSE:SXI) by 8.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,784 shares of the industrial products company’s stock after selling 165 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Standex International were worth $326,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SXI. Millennium Management LLC acquired a new position in shares of Standex International in the 2nd quarter valued at $4,299,000. Squarepoint Ops LLC purchased a new stake in shares of Standex International in the second quarter valued at about $3,523,000. Raymond James & Associates boosted its stake in shares of Standex International by 32.3% during the third quarter. Raymond James & Associates now owns 47,138 shares of the industrial products company’s stock worth $8,616,000 after buying an additional 11,516 shares during the period. Anchor Capital Management Company LLC grew its holdings in shares of Standex International by 19.2% during the second quarter. Anchor Capital Management Company LLC now owns 67,843 shares of the industrial products company’s stock worth $10,933,000 after buying an additional 10,906 shares during the last quarter. Finally, Leeward Investments LLC MA raised its stake in Standex International by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 132,054 shares of the industrial products company’s stock valued at $21,281,000 after acquiring an additional 7,020 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Price Performance

Shares of NYSE SXI opened at $207.56 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. Standex International Co. has a one year low of $131.96 and a one year high of $212.65. The firm has a market capitalization of $2.51 billion, a P/E ratio of 34.03, a PEG ratio of 3.00 and a beta of 1.03. The company’s fifty day moving average is $188.06 and its two-hundred day moving average is $176.53.

Standex International (NYSE:SXI) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.05. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The firm had revenue of $170.50 million for the quarter, compared to the consensus estimate of $178.94 million. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The firm’s revenue was down 7.7% on a year-over-year basis. Analysts forecast that Standex International Co. will post 7.84 EPS for the current fiscal year.

Standex International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from Standex International’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 0.62%. Standex International’s payout ratio is currently 20.98%.

Insider Buying and Selling

In other Standex International news, CFO Ademir Sarcevic sold 3,800 shares of the company’s stock in a transaction dated 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. This represents a 16.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction of $349,491.01. Following the completion of the sale, the director now owns 11,431 shares in the company, valued at $2,405,196.71. This represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,061 shares of company stock valued at $1,359,419. 2.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SXI has been the topic of a number of recent research reports. DA Davidson boosted their target price on Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a report on Monday, August 5th. Benchmark raised their target price on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Standex International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Finally, Barrington Research restated an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a research report on Wednesday, October 30th.

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.