Principal Financial Group Inc. Has $10.96 Million Stock Position in Standex International Co. (NYSE:SXI)

Principal Financial Group Inc. lowered its stake in shares of Standex International Co. (NYSE:SXI) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,970 shares of the industrial products company’s stock after selling 2,842 shares during the period. Principal Financial Group Inc. owned approximately 0.50% of Standex International worth $10,961,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Texas Permanent School Fund Corp raised its holdings in shares of Standex International by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 10,451 shares of the industrial products company’s stock worth $1,684,000 after acquiring an additional 62 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Standex International by 93.5% in the 3rd quarter. GAMMA Investing LLC now owns 149 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 72 shares during the last quarter. Raymond James Trust N.A. raised its holdings in shares of Standex International by 1.9% in the 2nd quarter. Raymond James Trust N.A. now owns 4,393 shares of the industrial products company’s stock worth $708,000 after acquiring an additional 82 shares during the last quarter. US Bancorp DE raised its holdings in shares of Standex International by 15.2% in the 3rd quarter. US Bancorp DE now owns 623 shares of the industrial products company’s stock worth $114,000 after acquiring an additional 82 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in shares of Standex International by 3.7% in the 3rd quarter. Inspire Investing LLC now owns 2,544 shares of the industrial products company’s stock worth $465,000 after acquiring an additional 90 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Insider Activity

In other news, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $210.41, for a total transaction of $349,491.01. Following the completion of the transaction, the director now directly owns 11,431 shares of the company’s stock, valued at $2,405,196.71. This represents a 12.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ademir Sarcevic sold 3,800 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $181.64, for a total transaction of $690,232.00. Following the transaction, the chief financial officer now directly owns 19,686 shares of the company’s stock, valued at $3,575,765.04. This represents a 16.18 % 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.

Analyst Ratings Changes

A number of research firms recently weighed in on SXI. StockNews.com upgraded shares of Standex International from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. Barrington Research restated an “outperform” rating and issued a $220.00 target price on shares of Standex International in a report on Wednesday, October 30th. Benchmark upped their target price on shares of Standex International from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, DA Davidson increased their price objective on shares of Standex International from $203.00 to $211.00 and gave the company a “buy” rating in a research note on Monday, August 5th.

Standex International Trading Up 0.0 %

NYSE:SXI opened at $202.27 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.55. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 2.87 and a beta of 1.03. Standex International Co. has a 52 week low of $131.96 and a 52 week high of $211.90. The firm has a 50-day moving average price of $182.43 and a two-hundred day moving average price of $174.78.

Standex International (NYSE:SXI) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.66 by $0.05. The firm had revenue of $170.50 million during the quarter, compared to analyst estimates of $178.94 million. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the business posted $1.74 EPS. On average, equities analysts expect that Standex International Co. will post 7.84 earnings per share for the current fiscal year.

Standex International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.32 per share. This is an increase from Standex International’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Friday, November 8th. Standex International’s dividend payout ratio is currently 20.98%.

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.