Vanguard Group Inc. Purchases 15,518 Shares of Standex International Co. (NYSE:SXI)

Vanguard Group Inc. increased its position in shares of Standex International Co. (NYSE:SXI) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,418,703 shares of the industrial products company’s stock after acquiring an additional 15,518 shares during the period. Vanguard Group Inc. owned approximately 11.92% of Standex International worth $265,283,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp boosted its stake in Standex International by 5.1% during the third quarter. State Street Corp now owns 486,099 shares of the industrial products company’s stock valued at $88,849,000 after buying an additional 23,786 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Standex International by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 308,217 shares of the industrial products company’s stock worth $56,345,000 after acquiring an additional 9,119 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Standex International by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 148,895 shares of the industrial products company’s stock valued at $27,842,000 after purchasing an additional 5,012 shares in the last quarter. Principal Financial Group Inc. raised its position in Standex International by 5.4% in the 4th quarter. Principal Financial Group Inc. now owns 63,194 shares of the industrial products company’s stock worth $11,817,000 after purchasing an additional 3,224 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Standex International in the fourth quarter worth $11,296,000. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Ademir Sarcevic sold 2,000 shares of Standex International stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $195.44, for a total transaction of $390,880.00. Following the sale, the chief financial officer now directly owns 16,086 shares in the company, valued at $3,143,847.84. The trade was a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

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

Standex International Price Performance

SXI opened at $138.93 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.61 and a current ratio of 3.37. The stock has a market capitalization of $1.65 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95. The stock’s 50 day moving average price is $179.97 and its 200-day moving average price is $186.86. Standex International Co. has a 52-week low of $134.67 and a 52-week high of $212.66.

Standex International (NYSE:SXI) last issued its quarterly earnings data 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 net margin of 7.59% and a return on equity of 13.28%. On average, equities research analysts predict that Standex International Co. will post 7.9 EPS for the current year.

Standex International Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Friday, February 14th. This represents a $1.28 annualized dividend and a yield of 0.92%. Standex International’s payout ratio is 27.95%.

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.