Charles Schwab Investment Management Inc. Purchases 3,844 Shares of Standex International Co. (NYSE:SXI)

Charles Schwab Investment Management Inc. lifted its position in shares of Standex International Co. (NYSE:SXI) by 2.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 143,883 shares of the industrial products company’s stock after acquiring an additional 3,844 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.19% of Standex International worth $26,299,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SXI. Millennium Management LLC bought a new stake in shares of Standex International during the second quarter worth $4,299,000. Squarepoint Ops LLC bought a new stake in Standex International in the second quarter valued at about $3,523,000. Raymond James & Associates increased its holdings in Standex International by 32.3% in the third quarter. Raymond James & Associates now owns 47,138 shares of the industrial products company’s stock valued at $8,616,000 after purchasing an additional 11,516 shares during the last quarter. Anchor Capital Management Company LLC increased its holdings in Standex International by 19.2% in the second quarter. Anchor Capital Management Company LLC now owns 67,843 shares of the industrial products company’s stock valued at $10,933,000 after purchasing an additional 10,906 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Standex International in the third quarter valued at about $1,490,000. Institutional investors own 90.35% of the company’s stock.

Insider Transactions at Standex International

In other news, Director Thomas J. Hansen sold 1,661 shares of the company’s stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ademir Sarcevic sold 1,600 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total value of $319,696.00. Following the transaction, the chief financial officer now directly owns 18,086 shares of the company’s stock, valued at $3,613,763.66. This represents a 8.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,061 shares of company stock valued at $1,359,419 over the last three months. Company insiders own 2.10% of the company’s stock.

Standex International Stock Up 0.9 %

NYSE:SXI opened at $210.06 on Thursday. Standex International Co. has a 1 year low of $136.32 and a 1 year high of $212.65. The company has a current ratio of 3.55, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 2.97 and a beta of 1.05. The stock has a 50-day moving average price of $190.39 and a two-hundred day moving average price of $177.44.

Standex International (NYSE:SXI) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $178.94 million. During the same period in the previous year, the firm earned $1.74 earnings per share. The company’s revenue was down 7.7% on a year-over-year basis. As a group, equities analysts expect that Standex International Co. will post 7.84 earnings per share for the current year.

Standex International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.32 per share. This is a boost from Standex International’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, November 8th. Standex International’s dividend payout ratio is currently 20.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SXI shares. Barrington Research reiterated an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a report on Wednesday, October 30th. Benchmark upped their price objective on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a report 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.

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.