State of Alaska Department of Revenue Boosts Stake in Standex International Co. (NYSE:SXI)

State of Alaska Department of Revenue increased its holdings in Standex International Co. (NYSE:SXI) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,866 shares of the industrial products company’s stock after purchasing an additional 100 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Standex International worth $1,283,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Walleye Capital LLC bought a new stake in Standex International in the third quarter valued at $250,000. State Street Corp boosted its position in shares of 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 last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Standex International by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,883 shares of the industrial products company’s stock valued at $26,299,000 after acquiring an additional 3,844 shares during the last quarter. Copeland Capital Management LLC raised its stake in Standex International by 0.8% during the 3rd quarter. Copeland Capital Management LLC now owns 556,244 shares of the industrial products company’s stock valued at $101,670,000 after buying an additional 4,281 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in Standex International during the third quarter valued at $770,000. Institutional investors own 90.35% of the company’s stock.

Insider Activity at Standex International

In related news, CFO Ademir Sarcevic sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $195.44, for a total value of $390,880.00. Following the transaction, the chief financial officer now directly owns 16,086 shares in the company, valued at approximately $3,143,847.84. This represents a 11.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.10% of the stock is owned by corporate insiders.

Standex International Stock Down 2.0 %

Standex International stock opened at $190.13 on Thursday. The business’s 50-day simple moving average is $191.64 and its two-hundred day simple moving average is $185.93. The company has a market cap of $2.26 billion, a PE ratio of 41.51, a PEG ratio of 2.68 and a beta of 1.06. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.83 and a current ratio of 3.37. Standex International Co. has a fifty-two week low of $152.58 and a fifty-two week high of $212.65.

Standex International (NYSE:SXI) last released 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 return on equity of 13.28% and a net margin of 7.59%. Equities analysts anticipate that Standex International Co. will post 8 EPS for the current year.

Standex International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Friday, February 14th. Standex International’s dividend payout ratio is presently 27.95%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. DA Davidson boosted their price target on Standex International from $222.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. StockNews.com cut Standex International from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Barrington Research reissued an “outperform” rating and issued a $220.00 price objective on shares of Standex International in a research report on Monday, February 3rd. Finally, 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 research note 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.