Charles Schwab Investment Management Inc. Has $27.84 Million Stake in Standex International Co. (NYSE:SXI)

Charles Schwab Investment Management Inc. raised its holdings in Standex International Co. (NYSE:SXI) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,895 shares of the industrial products company’s stock after buying an additional 5,012 shares during the period. Charles Schwab Investment Management Inc. owned about 1.23% of Standex International worth $27,842,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Versant Capital Management Inc grew its stake 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 buying an additional 64 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Standex International by 183.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 510 shares of the industrial products company’s stock valued at $96,000 after buying an additional 330 shares during the period. KBC Group NV raised 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 valued at $102,000 after buying an additional 172 shares during the period. Hanson & Doremus Investment Management raised its stake in shares of Standex International by 117.4% during the 4th quarter. Hanson & Doremus Investment Management now owns 926 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 500 shares during the period. Finally, Bryn Mawr Capital Management LLC bought a new stake in shares of Standex International during the 4th quarter valued at $201,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Activity at Standex International

In related news, CFO Ademir Sarcevic sold 2,000 shares of the company’s 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 completion of the transaction, the chief financial officer now owns 16,086 shares in the company, valued at $3,143,847.84. This represents a 11.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is owned by company insiders.

Standex International Price Performance

SXI stock opened at $174.18 on Tuesday. The stock has a market cap of $2.07 billion, a PE ratio of 38.03, a P/E/G ratio of 2.63 and a beta of 1.02. The company has a 50-day moving average price of $186.65 and a 200 day moving average price of $187.82. Standex International Co. has a 12 month low of $154.45 and a 12 month high of $212.66. 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 announced its quarterly earnings results 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%. Equities research analysts anticipate that Standex International Co. will post 7.9 earnings per share for the current year.

Standex International Dividend Announcement

The business 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 0.73%. The ex-dividend date was Friday, February 14th. Standex International’s dividend payout ratio is currently 27.95%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SXI. StockNews.com cut Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Barrington Research reissued an “outperform” rating and issued a $220.00 target price on shares of Standex International in a research report on Friday, February 28th. William Blair reiterated an “outperform” rating on shares of Standex International in a research note on Tuesday, March 11th. Finally, DA Davidson lifted their target price on Standex International from $222.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Standex International presently has an average rating of “Moderate Buy” and a consensus price target of $231.33.

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.