Bank of New York Mellon Corp Sells 5,330 Shares of Standex International Co. (NYSE:SXI)

Bank of New York Mellon Corp trimmed its holdings in shares of Standex International Co. (NYSE:SXI) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,179 shares of the industrial products company’s stock after selling 5,330 shares during the period. Bank of New York Mellon Corp owned 0.84% of Standex International worth $18,920,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in Standex International during the third quarter valued at approximately $44,000. Versant Capital Management Inc boosted its holdings 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 buying an additional 64 shares during the period. KBC Group NV boosted its holdings 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 valued at $102,000 after buying an additional 172 shares during the period. US Bancorp DE boosted its holdings in shares of Standex International by 15.2% in the third quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock valued at $114,000 after buying an additional 82 shares during the period. Finally, Hanson & Doremus Investment Management boosted its holdings in shares of Standex International by 117.4% in the fourth quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company’s stock valued at $173,000 after buying an additional 500 shares during the period. 90.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on SXI. StockNews.com cut shares of Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. DA Davidson increased their target price on shares of Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Barrington Research restated an “outperform” rating and set a $220.00 target price on shares of Standex International in a report on Friday, February 28th.

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 value of $390,880.00. Following the transaction, the chief financial officer now directly owns 16,086 shares of the company’s stock, valued at $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 this link. Insiders own 2.10% of the company’s stock.

Standex International Stock Performance

Shares of SXI opened at $186.31 on Tuesday. Standex International Co. has a 12 month low of $154.45 and a 12 month high of $212.65. The firm has a fifty day simple moving average of $187.56 and a 200 day simple moving average of $187.69. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 40.68, a PEG ratio of 2.63 and a beta of 1.02. 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 (NYSE:SXI) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $1.91 earnings per share (EPS) 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%. Research analysts forecast that Standex International Co. will post 7.9 EPS for the current fiscal year.

Standex International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Friday, February 14th. Standex International’s dividend payout ratio (DPR) is currently 27.95%.

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.