Standex International Co. (NYSE:SXI) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its stake in Standex International Co. (NYSE:SXI) by 16.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,769 shares of the industrial products company’s stock after purchasing an additional 3,770 shares during the period. American Century Companies Inc. owned about 0.22% of Standex International worth $5,006,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Standex International by 23.4% in the 3rd quarter. FMR LLC now owns 1,928 shares of the industrial products company’s stock valued at $352,000 after buying an additional 365 shares during the period. BNP Paribas Financial Markets raised its holdings in Standex International by 19.4% in the third quarter. BNP Paribas Financial Markets now owns 5,388 shares of the industrial products company’s stock valued at $985,000 after acquiring an additional 877 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Standex International by 0.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,064 shares of the industrial products company’s stock worth $6,043,000 after acquiring an additional 276 shares during the last quarter. Walleye Capital LLC acquired a new position in Standex International during the 3rd quarter worth approximately $250,000. Finally, Captrust Financial Advisors grew its holdings in Standex International by 21.4% during the 3rd quarter. Captrust Financial Advisors now owns 6,020 shares of the industrial products company’s stock worth $1,100,000 after acquiring an additional 1,061 shares in the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Standex International news, CFO Ademir Sarcevic sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SXI has been the topic of a number of analyst reports. Barrington Research restated an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a report on Friday, February 28th. StockNews.com cut Standex International from a “buy” rating to a “hold” rating in a research note 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, William Blair reiterated an “outperform” rating on shares of Standex International in a report on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.33.

Standex International Trading Down 6.6 %

NYSE SXI opened at $138.93 on Friday. The firm’s fifty day moving average price is $179.97 and its 200 day moving average price is $186.86. Standex International Co. has a 12 month low of $134.67 and a 12 month high of $212.66. 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 company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95.

Standex International (NYSE:SXI) last issued its quarterly earnings data 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 return on equity of 13.28% and a net margin of 7.59%. On average, sell-side analysts expect that Standex International Co. will post 7.9 earnings per share for the current fiscal year.

Standex International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.28 dividend on an annualized basis and a yield of 0.92%. Standex International’s dividend payout ratio is presently 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.