Standex International Co. (NYSE:SXI) Position Reduced by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in shares of Standex International Co. (NYSE:SXI) by 39.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,310 shares of the industrial products company’s stock after selling 5,950 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of Standex International worth $1,702,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SXI. Peterson Financial Group Inc. bought a new position in Standex International during the third quarter valued at about $44,000. Assetmark Inc. lifted its holdings in Standex International by 7.3% in the 3rd quarter. Assetmark Inc. now owns 9,608 shares of the industrial products company’s stock valued at $1,756,000 after acquiring an additional 653 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Standex International by 114.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 11,227 shares of the industrial products company’s stock valued at $2,052,000 after purchasing an additional 5,994 shares in the last quarter. US Bancorp DE grew its stake in shares of Standex International by 15.2% in the 3rd quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 82 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Standex International by 18,180.0% in the 3rd quarter. International Assets Investment Management LLC now owns 914 shares of the industrial products company’s stock worth $167,000 after purchasing an additional 909 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, 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 completion of the sale, the director now directly owns 11,431 shares in the company, valued at approximately $2,405,196.71. This trade represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ademir Sarcevic sold 3,800 shares of Standex International 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 directly owns 19,686 shares of the company’s stock, valued at approximately $3,575,765.04. The trade was a 16.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,061 shares of company stock worth $1,359,419 in the last 90 days. Company insiders own 2.10% of the company’s stock.

Standex International Stock Up 0.2 %

Shares of NYSE:SXI opened at $208.00 on Friday. Standex International Co. has a 52 week low of $131.96 and a 52 week high of $212.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. The company has a market cap of $2.51 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.94 and a beta of 1.03. The firm has a 50 day simple moving average of $188.59 and a 200 day simple moving average of $176.75.

Standex International (NYSE:SXI) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 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 business had revenue of $170.50 million during the quarter, compared to analysts’ expectations of $178.94 million. During the same quarter last year, the firm posted $1.74 earnings per share. Standex International’s revenue was down 7.7% compared to the same quarter last year. As a group, research analysts expect that Standex International Co. will post 7.84 earnings per share for the current year.

Standex International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.62%. 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. Standex International’s payout ratio is 20.98%.

Analyst Upgrades and Downgrades

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

About Standex International

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.