Standex International Co. (NYSE:SXI) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its stake in shares of Standex International Co. (NYSE:SXI) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,302 shares of the industrial products company’s stock after selling 1,053 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.09% of Standex International worth $1,926,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Peterson Financial Group Inc. acquired a new position in Standex International in the 3rd quarter worth approximately $44,000. Versant Capital Management Inc boosted its holdings in shares of Standex International by 27.0% in the 4th quarter. Versant Capital Management Inc now owns 301 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 64 shares during the last quarter. KBC Group NV increased its stake in shares of Standex International by 45.7% in the fourth quarter. KBC Group NV now owns 548 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 172 shares during the period. US Bancorp DE raised its holdings in shares of Standex International by 15.2% during 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 last quarter. Finally, International Assets Investment Management LLC lifted its position 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 period. Institutional investors and hedge funds own 90.35% of the company’s stock.

Standex International Price Performance

SXI stock opened at $188.17 on Tuesday. Standex International Co. has a 1 year low of $154.45 and a 1 year high of $212.65. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.37 and a quick ratio of 2.61. The firm has a market capitalization of $2.24 billion, a PE ratio of 41.08, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06. The business has a 50 day simple moving average of $188.97 and a 200-day simple moving average of $186.68.

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, topping the consensus estimate of $1.68 by $0.23. Standex International had a return on equity of 13.28% and a net margin of 7.59%. Equities research analysts anticipate that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

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

Insiders Place Their Bets

In other news, CFO Ademir Sarcevic sold 2,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $195.44, for a total transaction of $390,880.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SXI shares. Benchmark boosted 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. StockNews.com downgraded Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. DA Davidson upped their price objective on Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $220.00 target price on shares of Standex International in a report on Monday, February 3rd.

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.