13,276 Shares in Standex International Co. (NYSE:SXI) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in Standex International Co. (NYSE:SXI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,276 shares of the industrial products company’s stock, valued at approximately $2,482,000. Proficio Capital Partners LLC owned about 0.11% of Standex International as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wasatch Advisors LP grew its stake in shares of Standex International by 24.6% in the third quarter. Wasatch Advisors LP now owns 460,073 shares of the industrial products company’s stock worth $84,092,000 after acquiring an additional 90,770 shares during the last quarter. Bryn Mawr Capital Management LLC bought a new stake in Standex International in the 4th quarter valued at $8,080,000. State Street Corp boosted its holdings in Standex International by 5.1% in the 3rd quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock valued at $88,849,000 after purchasing an additional 23,786 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in Standex International in the 3rd quarter worth $2,821,000. Finally, Barclays PLC increased its holdings in shares of Standex International by 80.7% during the 3rd quarter. Barclays PLC now owns 22,752 shares of the industrial products company’s stock worth $4,157,000 after purchasing an additional 10,159 shares during the period. 90.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on SXI. DA Davidson increased their target price 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. William Blair reiterated an “outperform” rating on shares of Standex International in a research report on Tuesday, March 11th. Barrington Research restated an “outperform” rating and set a $220.00 price objective on shares of Standex International in a research report on Friday, February 28th. Finally, StockNews.com cut Standex International from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $231.33.

Insider Activity at Standex International

In other news, CFO Ademir Sarcevic sold 2,000 shares of the firm’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 trade represents a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.10% of the stock is currently owned by insiders.

Standex International Stock Down 2.2 %

NYSE SXI opened at $170.35 on Wednesday. Standex International Co. has a 1-year low of $154.45 and a 1-year high of $212.66. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 2.63 and a beta of 1.02. The stock’s 50 day moving average is $186.37 and its two-hundred day moving average is $187.76. 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 EPS for the quarter, beating 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 analysts forecast that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Friday, February 14th. Standex International’s payout ratio is 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.