SG Americas Securities LLC Acquires New Stake in Standex International Co. (NYSE:SXI)

SG Americas Securities LLC bought a new stake in shares of Standex International Co. (NYSE:SXI) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 1,255 shares of the industrial products company’s stock, valued at approximately $235,000.

A number of other hedge funds have also made changes to their positions in the stock. Contravisory Investment Management Inc. acquired a new position in shares of Standex International during the fourth quarter valued at $263,000. Park Avenue Securities LLC lifted its position in Standex International by 24.4% during the 4th quarter. Park Avenue Securities LLC now owns 2,797 shares of the industrial products company’s stock worth $523,000 after acquiring an additional 548 shares during the last quarter. Diversified Trust Co increased its position in Standex International by 1.9% during the fourth quarter. Diversified Trust Co now owns 5,872 shares of the industrial products company’s stock worth $1,098,000 after acquiring an additional 110 shares during the period. Versant Capital Management Inc raised its stake in shares of Standex International by 27.0% in the fourth quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 64 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Standex International by 3.0% in the third quarter. Geode Capital Management LLC now owns 308,217 shares of the industrial products company’s stock valued at $56,345,000 after acquiring an additional 9,119 shares during the period. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Buying and Selling at Standex International

In other Standex International news, CFO Ademir Sarcevic sold 1,600 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $199.81, for a total transaction of $319,696.00. Following the sale, the chief financial officer now owns 18,086 shares of the company’s stock, valued at approximately $3,613,763.66. This trade represents a 8.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas J. Hansen sold 1,661 shares of the firm’s 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 of the company’s stock, valued at approximately $2,405,196.71. This trade represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

Standex International Trading Down 1.6 %

SXI stock opened at $192.70 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. The company has a market capitalization of $2.33 billion, a PE ratio of 42.07, a price-to-earnings-growth ratio of 2.59 and a beta of 1.06. Standex International Co. has a one year low of $149.11 and a one year high of $212.65. The company’s 50 day moving average price is $192.90 and its two-hundred day moving average price is $185.70.

Standex International (NYSE:SXI) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.40%. As a group, analysts predict that Standex International Co. will post 7.84 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.66%. The ex-dividend date is Friday, February 14th. Standex International’s dividend payout ratio is presently 27.95%.

Analyst Ratings Changes

Several brokerages have weighed in on SXI. StockNews.com cut Standex International from a “buy” rating to a “hold” rating in a report on Monday. Barrington Research reaffirmed an “outperform” rating and issued a $220.00 target price on shares of Standex International in a research report on Monday. DA Davidson upped their target price on Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Benchmark increased their price target on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a research note 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.