Cerity Partners LLC Has $1.40 Million Position in Standex International Co. (NYSE:SXI)

Cerity Partners LLC grew its holdings in Standex International Co. (NYSE:SXI) by 14.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,642 shares of the industrial products company’s stock after buying an additional 963 shares during the quarter. Cerity Partners LLC owned 0.06% of Standex International worth $1,397,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Raymond James Trust N.A. grew its holdings in shares of Standex International by 7.9% in the 3rd quarter. Raymond James Trust N.A. now owns 4,740 shares of the industrial products company’s stock worth $866,000 after purchasing an additional 347 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Standex International by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock worth $26,299,000 after buying an additional 3,844 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Standex International by 27.5% during the third quarter. Intech Investment Management LLC now owns 1,997 shares of the industrial products company’s stock worth $365,000 after buying an additional 431 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Standex International by 15.0% in the third quarter. Advisors Asset Management Inc. now owns 10,647 shares of the industrial products company’s stock valued at $1,946,000 after acquiring an additional 1,392 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Standex International during the third quarter worth $1,490,000. 90.35% of the stock is owned by institutional investors.

Standex International Price Performance

Shares of SXI opened at $208.14 on Wednesday. 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 52-week low of $135.05 and a 52-week high of $212.65. The stock has a 50 day simple moving average of $189.82 and a 200 day simple moving average of $177.21. The firm has a market capitalization of $2.51 billion, a PE ratio of 34.12, a P/E/G ratio of 2.97 and a beta of 1.05.

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

Standex International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.32 dividend. 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 0.61%. The ex-dividend date was Friday, November 8th. Standex International’s payout ratio is presently 20.98%.

Analyst Ratings Changes

Several research firms have recently commented on SXI. Barrington Research reissued an “outperform” rating and set a $220.00 price target on shares of Standex International in a research note on Wednesday, October 30th. Benchmark lifted 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. Finally, StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th.

Insiders Place Their Bets

In other news, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $210.41, for a total value of $349,491.01. Following the transaction, the director now directly owns 11,431 shares of the company’s stock, valued at $2,405,196.71. This represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ademir Sarcevic sold 3,800 shares of Standex International 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 sale, the chief financial officer now directly owns 19,686 shares of the company’s stock, valued at $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 valued at $1,359,419 in the last three months. 2.10% of the stock is currently owned by corporate insiders.

Standex International Company 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.