Standex International Co. (NYSE:SXI) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc grew its stake in Standex International Co. (NYSE:SXI) by 27.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 301 shares of the industrial products company’s stock after purchasing an additional 64 shares during the quarter. Versant Capital Management Inc’s holdings in Standex International were worth $56,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of SXI. GAMMA Investing LLC lifted its holdings in Standex International by 93.5% during the 3rd quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock worth $27,000 after buying an additional 72 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Standex International during the 2nd quarter valued at approximately $32,000. Peterson Financial Group Inc. bought a new position in Standex International during the third quarter worth $44,000. US Bancorp DE boosted its holdings in Standex International by 15.2% in the third 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 period. Finally, International Assets Investment Management LLC increased its stake in Standex International by 18,180.0% during the third quarter. International Assets Investment Management LLC now owns 914 shares of the industrial products company’s stock valued at $167,000 after purchasing an additional 909 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

Insider Buying and Selling at Standex International

In other Standex International news, Director Thomas J. Hansen sold 1,661 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were 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 approximately $2,405,196.71. This trade represents a 12.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ademir Sarcevic sold 3,800 shares of the business’s 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 owns 19,686 shares in the company, valued at $3,575,765.04. This trade represents a 16.18 % decrease in their ownership of the stock. 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 quarter. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SXI shares. Benchmark raised their price target on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barrington Research restated an “outperform” rating and issued a $220.00 target price on shares of Standex International in a research note on Wednesday, October 30th.

Standex International Stock Performance

Shares of SXI opened at $189.72 on Monday. The firm has a fifty day moving average of $198.53 and a 200-day moving average of $182.43. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 31.10, a price-to-earnings-growth ratio of 2.88 and a beta of 1.07. 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 1 year low of $140.04 and a 1 year high of $212.65.

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 net margin of 10.26% and a return on equity of 13.18%. The firm had revenue of $170.50 million during the quarter, compared to analyst estimates of $178.94 million. During the same period in the previous year, the business posted $1.74 EPS. Standex International’s revenue was down 7.7% on a year-over-year basis. As a group, equities analysts anticipate 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. Investors of record on Friday, November 8th were given a $0.32 dividend. 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 0.67%. The ex-dividend date was Friday, November 8th. Standex International’s dividend payout ratio (DPR) is currently 20.98%.

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.