Amalgamated Bank Sells 100 Shares of Standex International Co. (NYSE:SXI)

Amalgamated Bank lowered its stake in Standex International Co. (NYSE:SXI) by 2.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,493 shares of the industrial products company’s stock after selling 100 shares during the quarter. Amalgamated Bank’s holdings in Standex International were worth $638,000 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. GAMMA Investing LLC lifted its position in Standex International by 93.5% in the third quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 72 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Standex International in the second quarter valued at approximately $32,000. US Bancorp DE raised its holdings in shares of Standex International by 15.2% during the third quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 82 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Standex International by 95.5% during the second quarter. Fifth Third Bancorp now owns 733 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 358 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Standex International by 18,180.0% during the third quarter. International Assets Investment Management LLC now owns 914 shares of the industrial products company’s stock valued at $167,000 after acquiring an additional 909 shares in the last quarter. Institutional investors own 90.35% of the company’s stock.

Standex International Price Performance

Shares of SXI stock opened at $202.27 on Friday. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.89 and a beta of 1.03. The business’s fifty day moving average is $182.43 and its 200 day moving average is $174.76. Standex International Co. has a twelve month low of $131.96 and a twelve month high of $211.90. The company has a quick ratio of 2.83, a current ratio of 3.55 and a debt-to-equity ratio of 0.23.

Standex International (NYSE:SXI) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.05. The company had revenue of $170.50 million for the quarter, compared to analysts’ expectations of $178.94 million. Standex International had a return on equity of 13.18% and a net margin of 10.26%. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 earnings per share. Research analysts expect that Standex International Co. will post 7.84 EPS for the current fiscal year.

Standex International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.63%. This is a boost from Standex International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, November 8th. Standex International’s dividend payout ratio is presently 20.98%.

Insider Transactions at Standex International

In other news, CFO Ademir Sarcevic sold 3,800 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $181.64, for a total value of $690,232.00. Following the sale, the chief financial officer now directly owns 19,686 shares of the company’s stock, valued at approximately $3,575,765.04. This represents a 16.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.41, for a total value of $349,491.01. Following the completion of the sale, the director now directly owns 11,431 shares in the company, valued at approximately $2,405,196.71. This represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

SXI has been the subject of a number of recent analyst reports. StockNews.com upgraded Standex International from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. Barrington Research restated an “outperform” rating and set a $220.00 target price on shares of Standex International in a report on Wednesday, October 30th. DA Davidson upped their target price on Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Benchmark upped their target price on Standex International from $210.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th.

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.