New York State Teachers Retirement System Sells 1,608 Shares of Standex International Co. (NYSE:SXI)

New York State Teachers Retirement System decreased its holdings in shares of Standex International Co. (NYSE:SXI) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,623 shares of the industrial products company’s stock after selling 1,608 shares during the period. New York State Teachers Retirement System owned about 0.17% of Standex International worth $3,856,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in Standex International by 5.1% during the third quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock worth $88,849,000 after purchasing an additional 23,786 shares during the period. Wasatch Advisors LP increased its holdings in shares of Standex International by 24.6% during the third quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock worth $84,092,000 after buying an additional 90,770 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Standex International by 3.0% during the third quarter. Geode Capital Management LLC now owns 308,217 shares of the industrial products company’s stock worth $56,345,000 after buying an additional 9,119 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 in the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Standex International by 32.3% during the third quarter. Raymond James & Associates now owns 47,138 shares of the industrial products company’s stock worth $8,616,000 after buying an additional 11,516 shares in the last quarter. Institutional investors own 90.35% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on SXI. Benchmark raised their price target on shares of Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barrington Research reissued an “outperform” rating and issued a $220.00 price target on shares of Standex International in a report on Monday, February 3rd. StockNews.com lowered shares of Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, DA Davidson raised their price objective on shares of Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th.

Insider Buying and Selling at Standex International

In other news, CFO Ademir Sarcevic sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $195.44, for a total transaction of $390,880.00. Following the completion of the sale, the chief financial officer now owns 16,086 shares of the company’s stock, valued at approximately $3,143,847.84. This represents a 11.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.

Standex International Trading Down 0.4 %

SXI opened at $187.01 on Friday. The company has a current ratio of 3.37, a quick ratio of 2.61 and a debt-to-equity ratio of 0.81. Standex International Co. has a 12 month low of $154.45 and a 12 month high of $212.65. The firm’s fifty day simple moving average is $189.55 and its 200 day simple moving average is $186.17. The stock has a market capitalization of $2.23 billion, a P/E ratio of 40.83, a P/E/G ratio of 2.67 and a beta of 1.06.

Standex International (NYSE:SXI) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.23. Standex International had a net margin of 7.59% and a return on equity of 13.28%. As a group, research analysts anticipate that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, February 14th. Standex International’s dividend payout ratio is currently 27.95%.

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.