Walleye Capital LLC Takes Position in Standex International Co. (NYSE:SXI)

Walleye Capital LLC acquired a new stake in shares of Standex International Co. (NYSE:SXI) during the third quarter, according to its most recent filing with the SEC. The fund acquired 1,370 shares of the industrial products company’s stock, valued at approximately $250,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cetera Advisors LLC purchased a new position in shares of Standex International during the first quarter worth about $213,000. SG Americas Securities LLC bought a new stake in Standex International during the second quarter valued at approximately $743,000. Diversified Trust Co grew its stake in Standex International by 6.0% in the 2nd quarter. Diversified Trust Co now owns 5,762 shares of the industrial products company’s stock worth $929,000 after buying an additional 325 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Standex International by 5.2% in the 2nd quarter. Raymond James & Associates now owns 35,622 shares of the industrial products company’s stock worth $5,740,000 after buying an additional 1,764 shares during the last quarter. Finally, Leeward Investments LLC MA raised its position in shares of Standex International by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 132,054 shares of the industrial products company’s stock valued at $21,281,000 after buying an additional 7,020 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Insider Buying and Selling

In related news, Director Thomas J. Hansen sold 1,661 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $210.41, for a total value of $349,491.01. Following the sale, 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 document filed with the SEC, which is available through this hyperlink. Also, CFO Ademir Sarcevic sold 3,800 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $181.64, for a total transaction of $690,232.00. Following the completion of the transaction, the chief financial officer now owns 19,686 shares in the company, 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. In the last quarter, insiders sold 7,061 shares of company stock valued at $1,359,419. Company insiders own 2.10% of the company’s stock.

Standex International Trading Up 1.1 %

NYSE:SXI opened at $207.26 on Wednesday. Standex International Co. has a 52 week low of $137.90 and a 52 week high of $212.65. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 2.89 and a beta of 1.05. The company’s 50 day moving average price is $192.87 and its 200-day moving average price is $178.71. 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 posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.05. Standex International had a net margin of 10.26% and a return on equity of 13.18%. The business had revenue of $170.50 million during the quarter, compared to the consensus estimate of $178.94 million. During the same quarter in the previous year, the firm posted $1.74 EPS. The firm’s revenue was down 7.7% on a year-over-year basis. On average, equities research analysts forecast that Standex International Co. will post 7.84 earnings per share for the current fiscal year.

Standex International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.28 annualized dividend and a yield of 0.62%. This is an increase from Standex International’s previous quarterly dividend of $0.30. Standex International’s dividend payout ratio is currently 20.98%.

Analyst Upgrades and Downgrades

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

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.